Showing 1 - 10 of 41
We provide evidence from a large-scale field experiment on the causal effects of audit rules on compliance in a market …
Persistent link: https://www.econbiz.de/10011083445
We study the design of randomized controlled experiments in environments where outcomes are significantly affected by unobserved effort decisions taken by the subjects (agents). While standard randomized controlled trials (RCTs) are internally consistent, the unobservability of effort provision...
Persistent link: https://www.econbiz.de/10008642870
simulation to provide substantial stabilization for the exchange rate while retaining considerable flexibility and robustness in …
Persistent link: https://www.econbiz.de/10005123996
This paper constructs a theoretical model to study the effects on employment of the introduction of flexible labour contracts (i.e. with low firing costs), which occurred in many European countries in the 1980s, which it then tests on Spanish data. The model predicts that such contracts increase...
Persistent link: https://www.econbiz.de/10005504305
-stage game with uncertainty it is demonstrated that location is influenced by both flexibility and strategic concerns. We show …
Persistent link: https://www.econbiz.de/10005656238
We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex-ante) legal system and a flexible one (law set after observing current technology). The flexible system dominates in terms of welfare, amount of innovation and output growth at...
Persistent link: https://www.econbiz.de/10009148877
Since the days of Henry Ford the automobile industry has served as a model of economic expansion and technological progress based on mass production. But from the mid-1970s, sweeping changes in markets and technology have transformed international competitive conditions and spurred automobile...
Persistent link: https://www.econbiz.de/10005281388
Most analyses of the Kyoto flexibility mechanisms focus on the cost effectiveness of "where" flexibility (e.g. by … showing that mitigation costs are lower in a global permit market than in regional markets or in permit markets confined to … Annex 1 countries). Less attention has been devoted to "when" flexibility, i.e. to the benefits of allowing emission permit …
Persistent link: https://www.econbiz.de/10005114381
flexibility in the firms’ investment decisions. When the government can commit to an export subsidy, it may choose to over- or …
Persistent link: https://www.econbiz.de/10005114444
Flexibility - the ability to react swiftly to others' choices - facilitates collusion by reducing gains from defection … before opponents react. Under imperfect monitoring, however, flexibility may also hinder collusion by inducing punishment … after too few noisy signals. The combination of these forces predicts a non-monotonic relationship between flexibility and …
Persistent link: https://www.econbiz.de/10011084106