Showing 1 - 10 of 530
We propose a model to evaluate the U.K.'s zero-hours contract (ZHC) a contract that exempts employers from the …
Persistent link: https://www.econbiz.de/10014083937
Contract law and the economics of contract have, for the most part, developed independently of each other. In this … essay, we briefly review the notion of a contract from the perspective of lawyer, and then use this framework to organize … the economics literature on contract. The title, Contracts between Legal Persons, limits the review to that part of …
Persistent link: https://www.econbiz.de/10013135191
Job displacement insurance typically includes both unemployment benefits and lump-sum severance pay, and each has provoked policy concerns. Unemployment insurance concerns have centered on distorted job search/offer acceptance decisions by the worker, severance-induced firing cost concerns on...
Persistent link: https://www.econbiz.de/10013067317
deductible. Our approach exploits two sources of variation in a differences-in-regression-discontinuities design: deductible … deductible by 100 Euros leads to a reduction in healthcare spending of around 3% on the first days of the year and 6% at the …
Persistent link: https://www.econbiz.de/10012837905
We present a wage-hours contract designed to minimize costly job turnover given investments in on the job training …
Persistent link: https://www.econbiz.de/10013076817
Using a series of sender-receiver games, we find that two senders acting together are willing to behave more antisocially towards the receiver than single senders. This result is robust in two contexts: when antisocial messages are dishonest and when they are honest but unfavorable. Our results...
Persistent link: https://www.econbiz.de/10012946594
consequences. A principal-agent experiment is studied in which prior to contract choice principals are informed about past actions … principals agents exert nearly 50% higher efforts under a fixed wage contract when an informed principal had chosen this contract …
Persistent link: https://www.econbiz.de/10013079162
We develop a model of strategic contractual incompleteness that identifies conditions under which principals might omit even costlessly verifiable terms. We then use experiments to test comparative statics predictions of the model. While it is well known that verifiability imperfections can...
Persistent link: https://www.econbiz.de/10013031190
We use a laboratory experiment to examine whether and to what extent other-regarding preferences of team leaders influence their leadership style in choice under risk. We find that leaders who prefer efficiency or report high levels of selfishness are more likely to exercise an autocratic...
Persistent link: https://www.econbiz.de/10012764226
The form of contests for a single fixed prize can be determined by a designer who maximizes the contestants' efforts. This paper establishes that, under common knowledge of the two asymmetric contestants' prize valuations, a fair Tullock-type endogenously determined lottery is always superior to...
Persistent link: https://www.econbiz.de/10013096475