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Two firms produce a good with a horizontal and a vertical characteristic called quality. The difference in the unobservable quality levels determines how the firms share the market. We consider two scenarios: In the first one, firms disclose quality; in the second one, they send costly signals...
Persistent link: https://www.econbiz.de/10009395943
The regulation of environmental risks increasingly emphasizes the awareness and empowerment of stakeholders. The success of this approach, however, seems to depend crucially on the quality of environmental disclosures. In this paper we investigate the amount and quality of the information that...
Persistent link: https://www.econbiz.de/10005100795
In order to choose the proper size of an infrastructure and to save as much as possible on investment costs, it is necessary for the responsible party (the Centre in the language of this report) to have access to information that is typically known only by some agents or partners who may use...
Persistent link: https://www.econbiz.de/10005079446
credible so that the installations could see incentives to be in compliance with the regulation. Inspection is generally … carried out by the government who sets up the regulation. We have highlighted some economic incentives in order that the most …
Persistent link: https://www.econbiz.de/10005100455
We consider the response to incentives as an explanation for productivity differences within a firm that paid its …: one due to differences in ability and the other due to differences in the response to incentives. We apply this … that individuals do react differently to incentives. However, while the women in our sample reacted slightly more to …
Persistent link: https://www.econbiz.de/10005100605
Our objective in this paper is to illustrate and better understand the unavoidable arbitrage between incentives and …
Persistent link: https://www.econbiz.de/10005100623
We consider the cost of providing incentives through tournaments when workers are inequity averse and performance …
Persistent link: https://www.econbiz.de/10005100711
We analyze a two-task work environment with risk-neutral but inequality averse individuals. For the agent employed in task 2 effort is verifiable, while in task 1 it is not. Accordingly, agent 1 receives an incentive contract which, due to his wealth constraint, leads to a rent that the other...
Persistent link: https://www.econbiz.de/10005100739
be 20%. Since planting conditions potentially affect incentives, structural econometric methods are used to generalize …
Persistent link: https://www.econbiz.de/10005100753
The analysis of organizational change and particularly of its impacts on incentives is neither simple nor easy. We …
Persistent link: https://www.econbiz.de/10005100815