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Reputations, relationships and the enforcement of incomplete contracts

MacLeod, W. Bentley - 2006

incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or …

Persistent link: https://www.econbiz.de/10010267674

Reputations, Relationships and the Enforcement of Incomplete Contracts

MacLeod, W. Bentley - Institute for the Study of Labor (IZA) - 2006

incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or …

Persistent link: https://www.econbiz.de/10005233793

Control rights in public-private partnerships

Francesconi, Marco; Muthoo, Abhinay - 2006

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...

Persistent link: https://www.econbiz.de/10010268030

Transfer Fee Regulations in European Football

Feess, Eberhard; Muehlheusser, Gerd - 2002

We analyze the impact of three different transfer fee systems on payoffs, contract lengths, training and effort … a transfer depending on whether a player has a valid contract or not. We show that the different systems differ only … with respect to the contract length if the contract which maximizes the expected joint surplus of the initial club and the …

Persistent link: https://www.econbiz.de/10010262824

Trust and Social Preferences in Times of Acute Health Crisis

Casoria, Fortuna; Galeotti, Fabio; Villeval, Marie Claire - 2023

We combined a natural experiment (the occurrence of the COVID-19 pandemic in 2020) with the tools of laboratory experiments to study whether and how an unprecedented shock on social interactions (the introduction and abrogation of a nationwide lockdown) affected the evolution of individuals'...

Persistent link: https://www.econbiz.de/10014296673

Should you allow your agent to become your competitor? On non-compete agreements in employment contracts

Kräkel, Matthias; Sliwka, Dirk - 2006

employment contract. We show that not imposing such an agreement can be beneficial for the principal as the possibility to leave … value created is sufficiently small relative to the agent's outside option. If the principal can use an option contract for …

Persistent link: https://www.econbiz.de/10010267567

The paradox of declining female happiness

Stevenson, Betsey; Wolfers, Justin - 2009

By many objective measures the lives of women in the United States have improved over the past 35 years, yet we show that measures of subjective well-being indicate that women's happiness has declined both absolutely and relative to men. The paradox of women's declining relative well-being is...

Persistent link: https://www.econbiz.de/10010271230

Subjective and objective indicators of racial progress

Stevenson, Betsey; Wolfers, Justin - 2013

Progress in closing differences in many objective outcomes for blacks relative to whites has slowed, and even worsened, over the past three decades. However, over this period the racial gap in well-being has shrunk. In the early 1970s data revealed much lower levels of subjective well-being...

Persistent link: https://www.econbiz.de/10010293197

Immigration, Crime, and Crime (Mis)Perceptions

Ajzenman, Nicolas; Dominguez-Rivera, Patricio; … - 2021

This paper studies the effects of immigration on crime and crime perceptions in Chile, where the foreign-born population more than doubled in the last decade. By using individual-level victimization data, we document null effects of immigration on crime but positive and significant effects on...

Persistent link: https://www.econbiz.de/10012497988

Access to justice and entrepreneurship: Evidence from Brazil's special civil tribunals

Lichand, Guilherme; Soares, Rodrigo R. - 2011

Entrepreneurship is usually identified as an important determinant of aggregate productivity and long-term growth. The determinants of entrepreneurship, nevertheless, are not entirely understood. A recent literature has linked entrepreneurship to the development of the justice system. This paper...

Persistent link: https://www.econbiz.de/10010278593