In Bartling, Fehr, and Schmidt (2012) we show theoretically and experimentally that it is optimal to grant discretion to workers if (i) discretion increases productivity, (ii) workers can be screened by past performance, (iii) some workers reciprocate high wages with high effort, and (iv)...

Der Beitrag wurde auf einer wissenschaftlichen Tagung anlässlich des dreißigjährigen Bestehens des Instituts für Arbeitsmarkt- und Berufsforschung der Bundesanstalt für Arbeit präsentiert. Der Autor argumentiert, daß eine Lohnspreizung zusammen mit einer Umwandlung von Lohnansprüchen in...

Employment contracts give a principal the authority to decide flexibly which task his agent should execute. However, there is a tradeoff, first pointed out by Simon (1951, Econometrica, 19, 293-302), between flexibility and employer moral hazard. An employment contract allows the principal to...

This article is an extension of Meyer and Sinn’s results on the representation of arbitrary von Neumann-Morgenstern functions in μ-σ space when the probability distributions to be compared belong to a linear distribution class. It shows that, when absolute risk aversion decreases, stays...

Competition between companies tends to be beneficial for the general public, but is this also true for competition between States in a world with global financial markets, low transport costs, and increasing migration? In this book, Sinn provides a solid economic analysis of the competitive...

Die grüne Umweltpolitik ist voller Paradoxien: Windräder verschandeln unsere Landschaft, klimaschonende Atomkraftwerke werden abgeschaltet, der Biosprit in unseren Autos verursacht Hunger in armen Ländern. Alle nationalen Maßnahmen von Ökosteuer bis zur staatlichen Förderung grüner...

The image of the European culture is given by the association of the concepts people – culture – history – territory, which provides certain local features. From this relation, we identify a cultural area with local, regional and national features beyond a certain European culture. Thus,...

Citizenship represents the permanent legal and political relationship that exists between the state and the individual. Citizenship is often defined in terms of legislation and accompanying political debates, far from the realities experienced by citizens. Due to the lack of uniformity between...

Marriage in North-Western Transylvania (2nd Half of the 19th Century – Beginning of the 20th Century). External Conditionings and Marital Strategies In the latter half of the 19th century and the beginning of the 20th century, in north-western Transylvania there was a traditional rural...

A Social History of Romanian Space. From the Beginning of Dacian state until the rise of Modernity presents on a wide scale in time and space the history of Romanian states from their ancestors, from Antiquity, continuing with the Medieval Romanian Life and State and ending with social realities...