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Share contracts are common in principal-agent relationships when returns are uncertain and it is costly to measure the agent's contribution. Well-known examples of these types of arrangements include sales commissions for real estate agents, contingency fees for attorneys, and cropshare...
Persistent link: https://www.econbiz.de/10011281653
We test for differences across the two most recent NHANES survey periods (19881994 and 1999 2004) in self-perception of weight status. We find that the probability of self-classifying as overweight is significantly lower on average in the more recent survey, for both men and women, controlling...
Persistent link: https://www.econbiz.de/10010286314
Social norms are customary or ideal forms of behavior to which individuals in a group try to conform. From an analytical standpoint, the key feature of social norms is that they induce a positive feedback loop between individual and group behavior: the more widely that a norm is practiced by...
Persistent link: https://www.econbiz.de/10014025695
Persistent link: https://www.econbiz.de/10009550889
We test for differences across the two most recent NHANES survey periods (19881994 and 1999 2004) in self-perception of weight status. We find that the probability of self-classifying as overweight is significantly lower on average in the more recent survey, for both men and women, controlling...
Persistent link: https://www.econbiz.de/10003827955
According to principal-agent theory, a share contract strikes an optimal balance between risk-sharing and incentive provision when it is difficult to gauge the agent's contribution. This theory predicts that the size of the share should vary with economic fundamentals. In practice, however, the...
Persistent link: https://www.econbiz.de/10013013541
We test for differences across the two most recent NHANES survey periods (1988-1994 and 1999-2004) in self-perception of weight status. We find that the probability of self-classifying as overweight is significantly lower on average in the more recent survey, for both men and women, controlling...
Persistent link: https://www.econbiz.de/10014207746