nep-ppm New Economics Papers
on Project, Program and Portfolio Management
Issue of 2014‒10‒17
six papers chosen by
Arvi Kuura
Tartu Ülikool

  1. Shadow Prices For Costs and Benefits in the Regional Development Projects By Petr Halamek
  2. Dynamic Strategies for Successful Online Crowdfunding By Zhuoxin Li; Jason A. Duan
  3. Reframing outsourcing through social networks: evidence from Infocert's case study By Giovanni Vaia; Anna Moretti
  4. Strengthening Carbon Financing for Grassland Management in the People's Republic of China: Incentive Mechanisms and Implications By Asian Development Bank (ADB); ; ;
  5. Making Grasslands Sustainable in Mongolia: Herders' Livelihoods and Climate Change By Asian Development Bank (ADB); ; ;
  6. Mitigación del cambio climático a través de un alumbrado público eficiente en México: superando los retos políticos en aras de la eficiencia económica y el equilibrio ambiental By Alejandreo Guevara; Alberto Lara

  1. By: Petr Halamek
  2. By: Zhuoxin Li (McCombs School of Business, The University of Texas at Austin, 2110 Speedway Stop B6500, Austin, Texas, 78712); Jason A. Duan (McCombs School of Business, The University of Texas at Austin, 2110 Speedway Stop B6700, Austin, Texas, 78712)
    Abstract: Crowdfunding is a fast emerging internet fundraising mechanism for soliciting capital from the crowd to support entrepreneurial ventures. This paper empirically investigates the dynamics of investors’ backing behaviors in the presence of network externalities and a finite time window. The proposed model captures how investors dynamically update their expectations on the prospect of a project based on its current funding status and time progress. Model estimation shows that investors are more likely to back a project that has already attracted a critical mass of funding (positive network externalities). For the same amount of achieved funding, the backing propensity declines over time (negative time effects). These two opposing forces give rise to a critical mass of funding the project must attain on time to achieve successful funding by the deadline. Counterfactual simulations show that projects may fail to attain the critical mass because of unfavorable shocks in investor visits at the early stage of the funding cycle. We derive dynamic seeding strategies for project owners to maximize the likelihood of funding success.
    Keywords: crowdfunding; group buying; entrepreneurship; network externality; hazards model; Bayesian inference
    JEL: D12 C81 L26 L86
    Date: 2014–09
  3. By: Giovanni Vaia (Dept. of Management, Università Ca' Foscari Venice); Anna Moretti (Dept. of Management, Università Ca' Foscari Venice)
    Abstract: In an over-connected world where ICTs dominate firms' development and evolution, outsourcing is an increasingly adopted practice by IT firms facing a third-generation of inter-firm interactions: after the IT and business processes' outsourcing, and then the offshore outsourcing, now we face a sourcing ecosystem tagged as human cloud, where the online work and virtual workers are the center of the new system. Notwithstanding some relevant contributions to the literature about IT outsourcing, still few is known about how coordination between client and supplier can achieve superior outcomes through the development of collaborative practices. In particular, the use of IT tools devoted to sociality as a coordination mechanism has been under-investigated. This research provides insights about how a company can change attitudes and behaviors of client and supplier thanks to an IT tool deputed to collaboration: the social collaboration system. Through an explorative case study, our paper provides two main contributions to the literature about IT outsourcing: i) we show how the adoption of a social collaboration system improves ITO governance and performance, providing further empirical evidence on the role of social mechanisms in ITO relationships; ii) we show how the introduction of a social collaboration system in outsourcing management can influence and change the building blocks of its life-cycle.
    Keywords: IT outsourcing, governance, social collaboration, relational view, outsourcing lifecycle
    JEL: L24 M55
    Date: 2014–04
  4. By: Asian Development Bank (ADB); (East Asia Department, ADB); ;
    Abstract: The People’s Republic of China (PRC) is being impacted by climate change. The resulting degradation and desertification of grasslands are projected to lead to decreased productivity and severely affect livestock and ecosystems. Financial incentives are required to improve environmental management of grasslands and reduce greenhouse gas emissions in the grassland sector of the PRC. This publication summarizes the legal and policy framework for incentive programs, assesses the impact of three main incentive programs on soil carbon stocks, and analyzes the implications of these existing incentive mechanisms for the development of grassland carbon finance projects for domestic carbon markets.
    Keywords: China; People’s Republic of China; PRC, mitigation, climate policy, grassland management, livestock management grassland carbon sequestration, carbon offset, carbon market carbon trade, carbon dioxide , greenhouse gas, clean development mechanism; CDM, certified emission reduction; CER, GHG intensity, carbon credit, emissions trading verified carbon standard; VCS, voluntary emission reduction; VER
    Date: 2014–01
  5. By: Asian Development Bank (ADB); (East Asia Department, ADB); ;
    Abstract: The threats posed by climate change have significant impacts on Mongolia’s grassland ecosystems and herders’ livelihoods. This publication discusses the auses of climate change and its impacts on livelihoods and ecosystems for herders and the general public. It explains how good pasture management and livestock roductivity are important for increasing incomes and provides information on adaptation practices. It also identifies sustainable management practices that can increase communities’ resilience to climate change, improve environmental quality, and increase local revenue.
    Keywords: Mongolia, climate change, mitigation, adaptation, greenhouse gas, GHG, carbon dioxide, methane, National Action Program on Climate Change, National Livestock Program, herders livelihoods, development, pasture rotation, pasture management livestock management, nationally appropriate mitigation action; NAMA, carbon finance ,carbon market
    Date: 2014–01
  6. By: Alejandreo Guevara (Department of Economics, Universidad Iberoamericana, Mexico City. Mexico); Alberto Lara
    Abstract: In this article we describe a case study of policy challenges for the implementation of a public policy which generates social, economic and environmental benefits simultaneously and thus achieving climate change mitigation. In particular, we analyze the creation of the National Energy Efficiency Project for Municipal Street Lighting in Mexico. We present a technical and economic analysis which identifies profitable investment opportunities yielding average IRR of 63% and a capture of 15,929 carbon dioxide equivalent tons. We describe the obstacles faced by the stakeholders in the implementation of the project; as well as its performance up to date. This article presents evidence of how it is possible to implement measures contributing to sustainable development by considering elements of social, economic and environmental efficiency while coping with its policy constraints.
    Date: 2014

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