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We study optimal incentives in a principal-agent problem in which the agent's outside option is determined endogenously in a competitive labor market. In equilibrium, strong performance increases the agent's market value. When this value becomes sufficiently high, the threat of the agent's...
Persistent link: https://www.econbiz.de/10011108859
interacts with demand-side information. In an experiment covering 145 child day-care centres, I implement three separate …. Second, I only provide mothers with information without incentivizing the workers. Third, I combine the first two treatments …. This helps us identify if performance pay and public information are complements or substitutes in reducing child …
Persistent link: https://www.econbiz.de/10009220685
Recent events involving major insurance companies and insurance brokerage firms highlight substantial incentive problems in commercial and reinsurance markets where intermediation takes place. We show that in markets with informed as well as uninformed consumers and heterogeneous risk profiles...
Persistent link: https://www.econbiz.de/10005187265
organizations, regions and national economies. This paper illustrates cybernetic communication’s theories based on information (with … types of information with relation to communication, knowledge and creation, semantic, statistical and mathematical aspects …
Persistent link: https://www.econbiz.de/10005835530
We consider the role of asymmetric information on the emergenceof collusion between criminals and enforcers, in the …
Persistent link: https://www.econbiz.de/10011257930
This paper examines the influence of government transparency on changing views regarding nuclear energy before and after Japan’s natural and nuclear disaster of 2011. Individual level data were used, covering 45 countries and containing 27,423 observations. It was observed in the majority of...
Persistent link: https://www.econbiz.de/10011259284
Information sources, creation of informant networks and labors of local intelligence have become very important goals … in political power calculations of the paramilitary and insurgents. Phenomena of information and rumor can disclose … analysis of information (and its deviations) to understand the dynamics of armed conflict at a local level …
Persistent link: https://www.econbiz.de/10008623464
the presence of information asymmetry between the State and the university. The State, through taxation is responsible for … funding education. We show that presence of asymmetric information between the state and a representative university generates … a sub-optimal allocation. Indeed, the situation of private information on all relevant variables naturally creates a …
Persistent link: https://www.econbiz.de/10011108454
information. Following an exchange motive altruistic parents receive services from their children, who may make them financial …
Persistent link: https://www.econbiz.de/10011108823
The aim of this paper is to interpret the relationships between information networks and the civil wars (Colombia … paramilitaries were preparing each slaughter counting information previously learned between the inhabitants of the town. For these … reasons, it is shown that information is a key phenomenon to understand civil wars. Moreover, as demonstrated in this work is …
Persistent link: https://www.econbiz.de/10011109031