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We consider the cost of providing incentives through tournaments when workers are inequity averse and performance … envy depending on the costs of assessing performance. More envious employees are preferred when these costs are high, less …
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Study empirically the relationship between liability and insurance in the realm of financial injuries; Evaluate how liability insurance transmits and transforms the deterrence signal of securities liability...
Persistent link: https://www.econbiz.de/10005871250
CEE health care and pharma market Importance of the FP7 Public Health call; "Financing Systems' Effect on Healthcare Quality" Scope of InterQuality project. objectives, budget and time-frame Expected impact Consortium Members, Advisory Board ...
Persistent link: https://www.econbiz.de/10005871265
The link between measured risk aversion and the decision to become an entrepreneur iswell established, but the link between risk preferences and entrepreneurial success is not.Standard theoretical models of occupational choice under uncertainty imply a positivecorrelation between an...
Persistent link: https://www.econbiz.de/10009360663
This paper reviews and synthesizes the theory of information economics and empiricalevidence on how information changes the behavior of consumers, households and firms. I show thatconsumers respond to new information in food experiments but perhaps not in retirement accountmanagement. Some...
Persistent link: https://www.econbiz.de/10009360743
For the first 13 years after entry, the hazard rate for firm exits is persistently higher forurban than rural firms. While differences in observed industry market, local marketand firm attributes explain some of the rural-urban gap in firm survival, rural firmsretain a survival advantage 25%...
Persistent link: https://www.econbiz.de/10009360763
Researchers have incorporated labor or credit market frictions in isolation within simple neoclassical models to open up a role for institutions, inject realism into their models and examine the impact of these distortions on output and employment. We present an overlapping generations model...
Persistent link: https://www.econbiz.de/10009418938