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This paper develops a simple theoretical model that can be implemented to estimate the willingness to pay for distributive justice. We derive a formula that allows one to recover the willingness to pay for distributive justice from the estimated coefficients of a probit regression and fiscal...
Persistent link: https://www.econbiz.de/10005792214
We investigate a team setting in which workers have different degrees of commitment to the outcome of their work. We show that if there are complementarities in production and if the team manager has some information about team members, interventions that the manager undertakes in order to...
Persistent link: https://www.econbiz.de/10005504583
This paper tries to explain how, despite its fundamental asymmetry, the European Monetary System may benefit all its members. I argue that the high-inflation members obtain benefits of increased monetary discipline, while the others experience improvements in their international competitiveness....
Persistent link: https://www.econbiz.de/10005504743
During the last two decades economists have made much progress in understanding incentives, contracts and organizations … effects of incentives. Economists may fail to understand the levels and the changes in behaviour if they neglect motives like … the desire to reciprocate or the desire to avoid social disapproval. We show that monetary incentives may backfire and …
Persistent link: https://www.econbiz.de/10005788870
whether market prices will provide incentives for investments consistent with these reserve requirements. …
Persistent link: https://www.econbiz.de/10005788956
ex-post inefficient, it provides entrepreneurs with high-powered incentives ex ante. We show that two types of equilibria …
Persistent link: https://www.econbiz.de/10005789057
incentives. Using detailed information on code contributions and project membership, we classify developers into distinct groups …
Persistent link: https://www.econbiz.de/10005789146
here empirically the link between fertility and financial incentives by estimating and simulating a joint structural model … of participation and fertility on a sample of French women. Our results suggest that fertility responds to incentives in … a non-negligible way. The results, however, also have some puzzling features: financial incentives appear to have much …
Persistent link: https://www.econbiz.de/10005789152
relationship between the incentives to defect from a coalition, the size of the resulting equilibrium coalition structure and the …
Persistent link: https://www.econbiz.de/10005791385
staffed by motivated agents who subscribe to the mission. This Paper studies incentives in such contexts and emphasizes the … for high-powered incentives. The framework developed in this Paper is applied to non-profits, school competition, and … incentives in the public sector. …
Persistent link: https://www.econbiz.de/10005791396