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We experimentally investigate four allocation mechanisms - all based on the fair division approach, with varying bid … elicitation methods and price rules - in terms of their allocation efficiency, distributional effects, and regularities in … complicating an efficient allocation. Indeed, observed bidding is dominated by strategic reporting which, however, only marginally …
Persistent link: https://www.econbiz.de/10010263876
This study estimates the size and value of unpaid family caretaking activities at a European level. While at a country level several studies are available, a comprehensive evaluation for Europe as a whole was missing so far, mainly due to data limitations. This paper fills this gap using a...
Persistent link: https://www.econbiz.de/10010274019
Patterns of informal care are documented throughout the day with Dutch time use diary data. The diary data enable us to identify a, so far overlooked, source of opportunity costs of informal care, i.e. the necessity to perform particular tasks of informal care at specific moments of the day....
Persistent link: https://www.econbiz.de/10010274611
The social or economic discount rate is the threshold rate used to calculate the net present value of an investment project, a program, or a regulatory intervention to see whether the proposed expenditures are economically worthwhile to undertake. The size of the economic rate of discount has...
Persistent link: https://www.econbiz.de/10011940747
There is no robust empirical support for the effect of financial incentives on the decision to work in self …
Persistent link: https://www.econbiz.de/10010282326
We argue that economics - as the scientific method of analyzing trade-offs - can be helpful (and may even be indispensable) for assessing the trade-off between intergenerational and intragenerational justice. Economic analysis can delineate the opportunity set of politics with respect to the two...
Persistent link: https://www.econbiz.de/10010286575
Firms grant to their employees non-tradable stock options as an incentive device. Is the opportunity cost of issuing these options equal to the amount the company would receive if it sold the same options to outside investors? No, it is not, since the options granted to employees are non...
Persistent link: https://www.econbiz.de/10011608858
Estimating farmers' supply responses to changes in framework conditions is important to in-form decision-makers on the … principles of minimum data, focusing on delivering timely and quantitative analyses with satisfactory accuracy to inform decision …
Persistent link: https://www.econbiz.de/10014313938
In der vorliegenden Studie erfolgt eine regional differenzierte Analyse der Milchproduktion. Grundlage sind neben zahlreichen agrarstatistischen Quellen auch Expertenpanels in ausgewählten Regionen. Es werden Schlussfolgerungen über die künftige Standortorientierung der Milchproduktion...
Persistent link: https://www.econbiz.de/10010301109
Differences in wages, employment, and capital between worker-owned and capitalist enterprises are computed from a …, employment, and capital equations largely corroborate the implications of the behavioral models of the two types of enterprise …
Persistent link: https://www.econbiz.de/10010276248