Showing 1 - 9 of 9
This paper is a concatenation of the penultimate versions of the first and last chapters of the book A Historiography of Contemporary Economics, edited by Düppe and Weintraub, to be published by Routledge Press in late 2018. The volume itself collects commissioned essays on recently developed...
Persistent link: https://www.econbiz.de/10011815070
In the decades following WWII, the Cowles Commission for Research in Economics came to represent new technical standards that informed most advances in economic theory. The public emergence of this community was manifest at a conference held in June 1949 titled Activity Analysis of Production...
Persistent link: https://www.econbiz.de/10011707795
In fall 1935, Abraham Wald presented an existence proof for a general equilibrium of exchange model to Karl Menger's Mathematical Colloquium in Vienna. Due to limited space, the paper could not be printed in the eighth proceedings of the Colloquium (the Ergebnisse) published in spring 1937 but...
Persistent link: https://www.econbiz.de/10011458099
In fall 1935, Abraham Wald presented a fixed-point proof of a general equilibrium model to Karl Menger's Mathematical Colloquium in Vienna. Due to limited space, the paper could not be printed in the eighth proceedings of the Colloquium (the Ergebnisse) published in spring 1937 but was scheduled...
Persistent link: https://www.econbiz.de/10011602942
We show experimentally that fairness concerns may have a decisive impact on both the actual and the optimal choice of contracts in a moral hazard context. Explicit incentive contracts that are optimal according to self-interest theory become inferior when some agents value fairness. Conversely,...
Persistent link: https://www.econbiz.de/10011449534
We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral hazard context. Incentive contracts that are optimal when there are only selfish actors become inferior when some agents are concerned about fairness. Conversely, contracts that...
Persistent link: https://www.econbiz.de/10011398105
We show experimentally that fairness concerns may have a decisive impact on both the actual and the optimal choice of contracts in a moral hazard context. Explicit incentive contracts that are optimal according to self-interest theory become inferior when some agents value fairness. Conversely,...
Persistent link: https://www.econbiz.de/10010440446
We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral hazard context. Incentive contracts that are optimal when there are only selfish actors become inferior when some agents are concerned about fairness. Conversely, contracts that...
Persistent link: https://www.econbiz.de/10010440969
We show experimentally that fairness concerns may have a decisive impact on the actual and optimal choice of contracts in a moral hazard context. Bonus contracts that offer a voluntary and unenforceable bonus for satisfactory performance provide powerful incentives and are superior to explicit...
Persistent link: https://www.econbiz.de/10010371080