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This paper develops a model of child custody based on an incomplete-contract approach to the allocation of property rights. Because of the presence of transaction costs in marriage, altruistic parents cannot contract upon the investments they make into their children, but can reduce the...
Persistent link: https://www.econbiz.de/10010261582
This paper develops a theory of the allocation of authority between two parties that produce impure public goods. We … show that the optimal allocation depends on technological factors, the parties' valuations of the goods produced, and the … degree of impurity of these goods. When the degree of impurity is large, control rights should be given to the main investor …
Persistent link: https://www.econbiz.de/10010268030
This paper develops a theory of the allocation of authority between two parties that produce impure public goods. We … show that the optimal allocation depends on technological factors, the parties’ valuations of the goods produced, and the … degree of impurity of these goods. When the degree of impurity is large, control rights should be given to the main investor …
Persistent link: https://www.econbiz.de/10005700975
We report the results of a field experiment with bicycle messengers in Switzerland and the United States. Messenger work is individualized enough that firms can choose to condition pay on it, but significant externalities in messenger behavior nonetheless give their on-the-job interactions the...
Persistent link: https://www.econbiz.de/10010267460
Society's demands for individual and corporate social responsibility as an alternative response to market and distributive failures are becoming increasingly prominent. We first draw on recent developments in the psychology and economics of prosocial behavior to shed light on this trend, which...
Persistent link: https://www.econbiz.de/10010269689
goods framework to allow donors to contribute through an intermediary rather than directly to the public goods. Through a … when the intermediary is formally committed to direct donations to socially beneficial goods. Without such a restriction …
Persistent link: https://www.econbiz.de/10012180010
Volunteering plays a prominent role in the charitable provision of goods and services, yet we know relatively little … determinants of individuals' charitable cash donations and volunteer labor as well as the interdependence between both goods. Using …
Persistent link: https://www.econbiz.de/10010284012
Volunteering plays a prominent role in the charitable provision of goods and services, yet we know relatively little … determinants of individuals' charitable cash donations and volunteer labor as well as the interdependence between both goods. Using …
Persistent link: https://www.econbiz.de/10010764618
Society's demands for individual and corporate social responsibility as an alternative response to market and distributive failures are becoming increasingly prominent. We first draw on recent developments in the "psychology and economics" of prosocial behavior to shed light on this trend, which...
Persistent link: https://www.econbiz.de/10008469709
We develop a formula for the optimal size of a joint savings association between individuals who share the same financial goal and who can save towards that goal at the same rate. Our motivating example and the core of our analysis is a Rotating Savings and Credit Association (ROSCA). We measure...
Persistent link: https://www.econbiz.de/10013351922