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Resale Markets and the Assignment of Property Rights

Jehiel, Philippe; Moldovanu, Benny - C.E.P.R. Discussion Papers - 1995

-dependent externalities to the non-consumers. Resale markets for such goods are analysed in various institutional settings with complete …

Persistent link: https://www.econbiz.de/10005124469

Self-Confidence & Social Interactions

Bénabou, Roland; Tirole, Jean - C.E.P.R. Discussion Papers - 2000

This paper studies the interactions between an individual's self-esteem and his social environment - in the workplace, at school, and in personal relationships. Because a person generally has only imperfect knowledge of his own abilities, people who derive benefits from his performance (parent,...

Persistent link: https://www.econbiz.de/10005656299

Self-Confidence: Intrapersonal Strategies

Bénabou, Roland; Tirole, Jean - C.E.P.R. Discussion Papers - 2000

intertemporal decisions. The theory has applications in areas as diverse as labour supply, savings and investment, or education and …

Persistent link: https://www.econbiz.de/10005136755

Willpower and Personal Rules

Bénabou, Roland; Tirole, Jean - C.E.P.R. Discussion Papers - 2002

or religious precepts, etc.) through which people seek to achieve self-control. Our theory is based on the idea of self …

Persistent link: https://www.econbiz.de/10005136762

Continuous Preferences Can Cause Discontinuous Choices: An Application to the Impact of Incentives on Altruism

Seabright, Paul - C.E.P.R. Discussion Papers - 2004

economic theory of human motivation. The first (‘type discontinuity’) is the observation of a discontinuity in the distribution …

Persistent link: https://www.econbiz.de/10005114276

Private States and the Enforcement of Property Rights - Theory and Evidence on the Origins of the Sicilian Mafia

Bandiera, Oriana - C.E.P.R. Discussion Papers - 2002

Historical records show that the Sicilian mafia initially developed to protect land from predatory attacks, at a time when publicly provided security was scarce and banditry widespread. Using a common-agency model, the Paper shows that: (i) it is optimal for each landowner to voluntarily buy...

Persistent link: https://www.econbiz.de/10005662056

Indeterminacy in a Finance Constrained Unionized Economy

Lloyd-Braga, Teresa; Modesto, Leonor - C.E.P.R. Discussion Papers - 2004

-constrained monetary economy with heterogenous agents and increasing returns to scale due to labour and capital productive externalities … (arbitrarily) small degree of (total) externalities provided that the share of labour externalities exceed a lower bound, which …

Persistent link: https://www.econbiz.de/10005504720

Endogenous Growth Fluctuations in Unionised Economy with Productive Externalities

Coimbra, Rui; Lloyd-Braga, Teresa; Modesto, Leonor - C.E.P.R. Discussion Papers - 2002

-fulfilling expectations. We consider an overlapping generations economy with capital externalities and we focus on underemployment equilibria …. We find that for wide regions in the parameter space, including an arbitrarily small degree of externalities and a Cobb … that the role of unions in shaping local dynamics depends on technology (externalities and factor's substitutability …

Persistent link: https://www.econbiz.de/10005656164

Dynamic Processes of Social and Economic Interactions: On the Persistence of Inefficiencies

Gomes, Armando R; Jehiel, Philippe - C.E.P.R. Discussion Papers - 2001

This Paper considers the efficiency and convergence properties of dynamic processes of social and economic interactions, such as exchange economies, multilateral negotiations, merger and divestiture transactions, or legislative bargaining. The key general feature of the economy is that agents...

Persistent link: https://www.econbiz.de/10005792299

Externalities and the Allocation of Decision Rights in the Theory of the Firm

Bester, Helmut - C.E.P.R. Discussion Papers - 2002

This Paper views authority as the right to undertake decisions that have external effects on other members of the organization. Because of contractual incompleteness, monetary incentives are insufficient to internalize these effects in the decision-maker’s objective. The optimal assignment of...

Persistent link: https://www.econbiz.de/10005661581