Showing 1 - 10 of 12
This paper examines the effects of inter-school competition on student outcomes by using exogenous variation in the availability of private schools in Chile. Given that naïve estimates of the effects of competition on student outcomes are biased by endogenous entry of schools, this paper uses...
Persistent link: https://www.econbiz.de/10005328880
incentives for multiple agents to undertake efficient levels of the separate activities. The ability of various mechanisms to … provide incentives and the way that this ability is affected by information and agent numbers will determine both which …'s perspective -- but also by the ability of the coordination mechanism to provide incentives for efficient activity levels as …
Persistent link: https://www.econbiz.de/10005328943
Under the standard competitive model, if a tax change affects a group of workers with highly inelastic labor supply, their earnings will fall by essentially the entire nominal employer share of the tax increase. Allowing the wage to play a motivational role but maintaining the market-clearing...
Persistent link: https://www.econbiz.de/10005328957
This paper examines the portability of star security analysts’ performance. Analysis from a panel data set of research analysts in investment banks over 1988-1996 reveals that star analysts who switch employers show an immediate decline in performance, which persists for at least five years....
Persistent link: https://www.econbiz.de/10005329003
cost, exercising strategies, and induced incentives. Especially, we highlight some significant interactions among different …
Persistent link: https://www.econbiz.de/10005329033
In principal-agent settings with moral hazard, the fact that agents are altruistic vis-a-vis third parties (e.g. their family) modifies incentive costs. We derive sufficient conditions for the principal to benefit from altruism. They bear on how altruism affects the agent's marginal rate of...
Persistent link: https://www.econbiz.de/10005342252
incentives under the heavy information asymmetry (Sahlman, 1982, J. Financial Economics) In this paper, we consider how to design …
Persistent link: https://www.econbiz.de/10005342368
Standard models of moral hazard predict a negative relationship between risk and incentives, but the empirical work has … incentives decreases with risk aversion, more risk-averse agents prefer lower-incentive contracts; thus, in the optimal contract …, incentives are positively correlated with endogenous risk. In contrast, if risk aversion is high enough, the possibility of …
Persistent link: https://www.econbiz.de/10005129782
The “mushroom treatment� is a common metaphor for the practice of “keeping employees in the dark and feeding them a steady diet of bull manure.� We develop a model of this practice of information suppression and misrepresentation within organizations,...
Persistent link: https://www.econbiz.de/10005130154
that affect public school incentives differently and induce different responses from them. It analyzes two publicly funded … alternative designs on public school incentives and performance, I construct a theoretical model that captures the basic features …
Persistent link: https://www.econbiz.de/10005130175