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Group Size and Social Ties in Microfinance Institutions

Abbink, Klaus; Irlenbusch, Bernd - Econometric Society - 2004

Microfinance programmes provide poor people with small loans given to jointly liable self-selected groups. Follow-up loans provide incentives to repay. In an experiment we investigate the influence of those features on strategic default. Each group member invests in an individual risky project,...

Persistent link: https://www.econbiz.de/10005342371

Networks and Farsighted Stability

Kamat, Samir; Page, Frank; Wooders, Myrna - Econometric Society - 2004

Networks and Farsighted Stability By Frank H. Page, Jr. Department of Finance University of Alabama Tuscaloosa, AL 35487 USA fpage@cba.ua.edu Myrna H. Wooders Department of Economics University of Warwick Coventry CV4 7AL UK M.Wooders@warwick.ac.uk Samir Kamat Portfolio Management Group Wachovia...

Persistent link: https://www.econbiz.de/10005063581

The Formation of Networks with Side Payments

Bloch, Francis; Jackson, Matt - Econometric Society - 2004

equilibrium outcomes, and we fully characterize the supportable networks. If externalities are nonpositive and a convexity … efficient network to be supportable as an equilibrium. In cases where transfers can be made contingent on the network, then any … efficient network is supportable as an equilibrium. We also consider a refinement of equilibrium that allows pairs of players to …

Persistent link: https://www.econbiz.de/10005702654

Inferring decision processes from economic experiments

Castillo, Marco; Cross, Philip - Econometric Society - 2004

Researchers typically assume experimental subjects have rational expectations. If the object of the experiment is to learn the distibution of decision makers' types, then this amounts to assuming subjects' know the very thing the researcher wishes to learn. We propose a method of conducting...

Persistent link: https://www.econbiz.de/10005702529

Network Formation and Cooperation

Balmaceda, Felipe - Econometric Society - 2004

In this paper we adopt Granovetter's view expressed in his famous article ''Economic Action and Social Structure: The Problem of Embeddedness'' , where he argues that the concept of man in economics is extremely undersocialized because it ignores the importance of social networks. In so doing...

Persistent link: https://www.econbiz.de/10005328927

Relative and Absolute Incentives: Evidence on Worker Productivity

Oriana Bandiera (STICERD; LSE - Econometric Society - 2004

Using personnel data, we compare worker productivity under a relative incentive scheme -where pay is based on individual productivity relative to the average productivity of the group- to productivity under piece rates. We find that productivity is at least 50% higher under piece rates. Further...

Persistent link: https://www.econbiz.de/10005063715

External Recruitment as an incentive Device

Chen, Kong-Pin - Econometric Society - 2004

equilibrium, or prevents collusion of the workers …

Persistent link: https://www.econbiz.de/10005702639

Measuring the consumption value of higher education

Alstadsæter, Annette - Econometric Society - 2004

The consumption value of education is an important, but rather ignored factor behind the individual's educational choice. This paper suggests a method for measuring the consumption value of education in a compensating differentials framework when the ability bias is corrected for. As an example,...

Persistent link: https://www.econbiz.de/10005342153

Compensation of venture capitalists with two principals

Kim, Sung Hyun - Econometric Society - 2004

Venture capitalists enjoy incentive-laden compensation schemes where they are paid a fixed amount (management fees) plus a share of profit (success fees). This scheme is of course intended to provide venture capitalists with strong incentives under the heavy information asymmetry (Sahlman, 1982,...

Persistent link: https://www.econbiz.de/10005342368

Attack Politics

Palacios-Huerta, Ignacio; Knight, Brian - Econometric Society - 2004

This paper is concerned with the dynamics of competition in American political campaigns, in particular with how the type of message a candidate sends is affected by the stage of the campaign, the status of the candidate, and the competitiveness of the race. The paper examines the allocation of...

Persistent link: https://www.econbiz.de/10005170374