Search Results - subject:"Theory"

Underground activities and labour market performance

Kolm, Ann-Sofie; Larsen, Birthe - 2018

Strategy constrained by cognitive limits, and the rationality of belief-revision policies

Sperry-Taylor, Ashton T. - 2017

Strategy is formally defined as a complete plan of action for every contingency in a game. Ideal agents can evaluate every contingency. But real people cannot do so, and require a belief-revision policy to guide their choices in unforeseen contingencies. The objects of belief-revision policies...

Auctions versus negotiations : the effects of inefficient renegotiation

Herweg, Fabian; Schmidt, Klaus M. - 2017 - This version: January 29, 2017

For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation. If the buyer can specify the main characteristics of possible design improvements in a complete contingent contract, a scoring auction implements the efficient allocation. If this...

Why is unemployment duration a sorting criterion in hiring?

Belle, Eva van; Caers, Ralf; Couck, Marijke de; Di … - 2017

mechanisms often related to the scarring effect of unemployment: general signalling theory, (perceived) skill loss, queuing … theory, and rational herding. We use the resulting data to estimate a multiple mediation model, in which the effect of the … related to the scarring effect of unemployment: general signalling theory, (perceived) skill loss, queuing theory, and …

The demand and supply of favours in dynamic relationships

Forand, Jean Guillaume; Zápal, Jan - 2017

When no bad deed goes punished : relational contracting in Ghana versus the UK

Davies, Elwyn; Fafchamps, Marcel - 2017

The adaptation of management control systems to different agents

Zhang, Jingwen - 2017

A real-business-cycle model with reciprocity in labor relations and fiscal policy : the case of Bulgaria

Vasilev, Aleksandar - 2017

In this paper we introduce reciprocity in labor relations and government sector to investigate how well the real wage rigidity that results out of that arrangement explains business cycle fluctuations in Bulgaria. The reciprocity mechanism described in this paper follows Danthine and Kurmann...

Spanish economic growth, 1850-2015

Prados de la Escosura, Leandro - 2017

Satisfaction guaranteed : when moral hazard meets moral preferences

Andreoni, James - 2017