Bénabou, Roland; Tirole, Jean - Institut d'Économie Industrielle (IDEI), Toulouse … - 2003
internet the names of parents
25
When the two effects are combined it is easy to get supply curves that have a sharp local … choosing a, given an incentive rate y,is
R(a,y) ≡ x
£
γ
a
E (v
a
|a,y)−γ
y
E (v
y
|a,y)
¤
, with γ
a
≥ 0 and γ
y
≥ 0.
10
(2 … disinterested (not greedy), while the factor x>0 measures the visibility or salience of their actions:
probability that it will be …