Search Results - subject:"Randomization"

When Randomization in Collective Tournaments is Profitable for the Principal

Lehmann, Stefanie Aniela - University of Bonn, Germany - 2008

In the context of principal-agent theory risk is largely seen as a source that causes inefficiencies and lowers incentives and accordingly is not in the principal’s interest. In this paper I compare two different designs of a collective tournament where output in a team is generated through a...

Persistent link: https://www.econbiz.de/10004968387

Job design and randomization in principal agent models

Köhler, Wolfgang R. - Institut für Volkswirtschaftslehre, … - 2008

We analyze task allocation and randomization in Principal Agent models. We identify a new rationale that determines the … randomization, the reason to assign several tasks to one agent is to mitigate the effect of the participation constraint. We show … that the allocation of tasks can be used as a substitute if randomization is not feasible. …

Persistent link: https://www.econbiz.de/10005040816

When Randomization in Collective Tournaments is Profitable for the Principal

Lehmann, Stefanie Aniela - 2008

Persistent link: https://www.econbiz.de/10010270007

Measuring the Effect of Foreign Aidon Growth and Poverty Reduction or the Pitfalls of Interaction Variables

Polak, J. J.; Roy, Joydeep; Pattillo, Catherine A. - International Monetary Fund (IMF) - 2007

Regressions in a number of recent papers written by staff members of the World Bank and the IMF rely on an interaction variable (IAV) to establish the effects of foreign aid on economic growth or the reduction of poverty. The common assumption in these papers is that if the coefficient of this...

Persistent link: https://www.econbiz.de/10005604863

An economic analysis of exclusion restrictions for instrumental variable estimation

van den Berg, Gerard - 2007

Instrumental variable estimation requires untestable exclusion restrictions. With policy effects on inidividual outcomes, there is typically a time interval between the moment the agent realizes that he may be exposed to the policy and the actual exposure or the announcement of the actual...

Persistent link: https://www.econbiz.de/10010317943