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Does the Assignment of Property Rights Encourage or Discourage Shirking?: Evidence From Major League Baseball
Marburger, Daniel R. - In: Journal of Sports Economics 4 (2003) 1, pp. 19-34
should increase player effort. However, free agency also saw an increase in the number of guaranteed multiyear contracts … in MLB. An empirical model reveals that free agents with 1- and 2-year contracts outperform comparable reserve era … players over the same time frame. The performance of free agents with contracts exceeding 2 years do not differ from that of …
Persistent link: https://www.econbiz.de/10009367759
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The Effectiveness of Incentive Mechanisms in Major League Baseball
Maxcy, Joel G.; Fort, Rodney D.; Krautmann, Anthony C. - In: Journal of Sports Economics 3 (2002) 3, pp. 246-255
disabled list while under long-term contracts. This may imply strategic behavior or, conversely, that clubs are choosing to …
Persistent link: https://www.econbiz.de/10009367775
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The Misaligned Incentives of Temporary Work Agencies and their Client Firms
Westéus, Morgan; Raattamaa, Tomas - Institutionen för Nationalekonomi, Umeå Universitet - 2014
-agent model with hidden action to analyse two main types of contracts between a TWA and a Client Firm (CF), the TWA is shown to …
Persistent link: https://www.econbiz.de/10010961530
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Can compulsory dialogues nudge sick-listed workers back to work?
Markussen, Simen; Røed, Knut; Schreiner, Ragnhild C. - 2015
We evaluate the impacts of a compulsory dialogue meeting for long-term sick-listed workers in Norway. The meeting is organised by the local social security administration after around six months of absence, and its purpose is to bring together the absentee, the employer, and the family physician...
Persistent link: https://www.econbiz.de/10010532519
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Breaking ties : regression discontinuity design meets market design
Abdulkadiroğlu, Atila; Angrist, Joshua D.; Narita, Yusuke - 2019
Centralized school assignment algorithms must distinguish between applicants with the same preferences and priorities. This is done with randomly assigned lottery numbers, nonlottery tie-breakers like test scores, or both. The New York City public high school match illustrates the latter, using...
Persistent link: https://www.econbiz.de/10011989205
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Stochastic contracts and subjective evaluations
Lang, Matthias - 2021
Subjective evaluations are widely used, but call for different contracts from traditional moral-hazard settings …. Previous literature shows that contracts require payments to third parties, which real-world contracts rarely use. I show that … the implicit assumption of deterministic contracts makes payments to third parties necessary. This paper studies …
Persistent link: https://www.econbiz.de/10012697032
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Breaking Ties: Regression Discontinuity Design Meets Market Design
Abdulkadiroglu, Atila; Angrist, Joshua; Narita, Yusuke; … - 2019
Centralized school assignment algorithms must distinguish between applicants with the same preferences and priorities. This is done with randomly assigned lottery numbers, nonlottery tie-breakers like test scores, or both. The New York City public high school match illustrates the latter, using...
Persistent link: https://www.econbiz.de/10012005906
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Double-Sided Moral Hazard in Job Displacement Insurance Contracts
Parsons, Donald O. - 2014
Job displacement insurance typically includes both unemployment benefits and lump-sum severance pay, and each has provoked policy concerns. Unemployment insurance concerns have centered on distorted job search/offer acceptance decisions by the worker, severance-induced firing cost concerns on...
Persistent link: https://www.econbiz.de/10013067317
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Stochastic contracts and subjective evaluations
Lang, Matthias - 2022
Subjective evaluations are widely used, but call for different contracts from classical moral-hazard settings. Previous … literature shows that contracts require payments to third parties. I show that the (implicit) assumption of deterministic … contracts makes payments to third parties necessary. This paper studies incentive contracts with stochastic compensation, like …
Persistent link: https://www.econbiz.de/10014458796
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Stochastic Contracts and Subjective Evaluations
Lang, Matthias - 2021
Subjective evaluations are widely used, but call for different contracts from traditional moral-hazard settings …. Previous literature shows that contracts require payments to third parties, which real-world contracts rarely use. I show that … the implicit assumption of deterministic contracts makes payments to third parties necessary. This paper studies …
Persistent link: https://www.econbiz.de/10013311715