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All-Pay Auctions: Implementation and Optimality

Jönsson, Stefan; Schmutzler, Armin - C.E.P.R. Discussion Papers - 2013

This paper analyzes how all-pay auctions with endogenous prizes can be used to provide effort incentives. We show that wide classes of effort distributions can be implemented as equilibrium outcomes of such games. We also ask how all-pay auctions have to be structured so as to induce high...

Persistent link: https://www.econbiz.de/10011084454

On the Selection of Arbitrators

de Clippel, Geoffroy; Eliaz, Kfir; Knight, Brian - C.E.P.R. Discussion Papers - 2011

. We take an implementation-theoretic approach and provide theoretical, empirical and experimental analyses of this problem …

Persistent link: https://www.econbiz.de/10009399707

Budgeting versus implementing fiscal policy in the EU

Beetsma, Roel; Giuliodori, Massimo; Wierts, Peter - C.E.P.R. Discussion Papers - 2009

implementation in the EU are determined. We find that (1) implemented budgetary adjustment falls systematically short of planned … by the implementation errors, (3) there is a limited role for "traditional" political variables, (4) stock … their implementation benefit from stronger national fiscal institutions. We emphasise also the importance of credible plans …

Persistent link: https://www.econbiz.de/10005041099

The Paradox of Declining Female Happiness

Stevenson, Betsey; Wolfers, Justin - C.E.P.R. Discussion Papers - 2009

By many objective measures the lives of women in the United States have improved over the past 35 years, yet we show that measures of subjective well-being indicate that women’s happiness has declined both absolutely and relative to men. The paradox of women’s declining relative well-being...

Persistent link: https://www.econbiz.de/10005036241

Improving Nurse Retention in the National Health Service in England: The Impact of Job Satisfaction on Intentions to Quit

Shields, Michael; Ward-Warmedinger, Melanie - C.E.P.R. Discussion Papers - 2001

In recent years the British National Health Service (NHS) has experienced an acute shortage of qualified nurses. This has placed issues of recruitment and retention in the profession high on the political agenda. In this Paper, we investigate the determinants of job satisfaction for nurses and...

Persistent link: https://www.econbiz.de/10005114261

Why Russian Workers Do Not Move: Attachment Of Workers Through In-Kind Payments

Friebel, Guido; Guriev, Sergei - C.E.P.R. Discussion Papers - 2000

We relate the phenomena of sluggish interregional labour reallocation and in-kind compensation in Russia to 'attachment' strategies of firms: Paying wages in non-monetary forms makes it hard for workers to raise the cash needed for quitting their region in order to find better jobs in more...

Persistent link: https://www.econbiz.de/10005788929

The High Unemployment Trap

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1992

A model of the labour market under firing restrictions and endogenous quits is constructed. It is shown that in the spirit of Blanchard and Summers (1988), the model can generate multiple equilibria, with a low-quits/high-unemployment equilibrium coexisting with a high-quits/low-unemployment...

Persistent link: https://www.econbiz.de/10005791589

Policy Complementarities: The Case for Fundamental Labour Market Reform

Coe, David T; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1997

The paper analyses complementarities among a variety of labour market policies. It shows: (a) that a wide range of labour market institutions (e.g. unemployment benefits, job security legislation and payroll taxes) have complementary effects on unemployment; and thus (b) that policies aimed at...

Persistent link: https://www.econbiz.de/10005791663

On the Relevance of Exchange Rate Regimes for Stabilization Policy

Adão, Bernardino; Correia, Isabel; Teles, Pedro - C.E.P.R. Discussion Papers - 2006

This paper assesses the relevance of the exchange rate regime for stabilization policy. This regime question cannot be dealt with independently of other institutions, in particular how fiscal policy is designed. We show that once fiscal policy is taken into account, the exchange rate regime is...

Persistent link: https://www.econbiz.de/10005791985

Making Sense of Bolkestein-Bashing: Trade Liberalization Under Segmented Labour Markets

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2005

Trade liberalization is often met with sharp opposition. Recent examples include the so-called ‘Bolkestein’ directive, which allows service providers from a given EU member to temporarily work in another member country. One way to view such a reform is that it simply widens the range of...

Persistent link: https://www.econbiz.de/10005123997