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communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets …
Persistent link: https://www.econbiz.de/10009537710
In this paper, we describe a novel iterative procedure called SISTA to learn the underlying cost in optimal transport problems. SISTA is a hybrid between two classical methods, coordinate descent ("S"-inkhorn) and proximal gradient descent ("ISTA"). It alternates between a phase of exact...
Persistent link: https://www.econbiz.de/10012519120
Would you prefer a tighter or a prolonged exam schedule? Would you prefer to take Math before Reading or the other way around? We exploit variation in end-of-course exam schedules across years and grades to identify distinct effects of the number of days between exams, the number of days since...
Persistent link: https://www.econbiz.de/10011879712
In a new model of work schedules, employers choose the number of working hours and either dictate the exact hours to be worked or delegate that decision to workers via flextime. Workers' preferences over schedules influence their productivities. An inverted-U-shaped hours-output profile arises;...
Persistent link: https://www.econbiz.de/10014550381
Conventional theory predicts that productivity gains lead to hikes in real pay. Efficiency wage theory hypothesizes …
Persistent link: https://www.econbiz.de/10001545528
In this paper, we analyze the extent to which market forces create an incentive for cloning human beings. We show that a market for cloning arises if a large enough fraction of the clone?s income can be appropriated by its model. Only people with the highest ability are cloned, while people at...
Persistent link: https://www.econbiz.de/10001545534
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