Showing 1 - 10 of 11
status or relative income on work effort. We find a strong effect of others' incomes on individual effort decisions in both … datasets. The individual's rank in the income distribution has a more powerful effect on effort than does others' average … income rank, the width of the relevant income distribution matters, with effort increasing in the distance from the bottom of …
Persistent link: https://www.econbiz.de/10010930217
This article investigates the relationship between optimal gear selectivity and effort cost in the fishing industry We … first show that optimal selectivity depends negatively on the level of effort cost, but that this relationship is not … continuous. Optimal selectivity switches when real effort cost goes beyond a certain level, and this switch induces a non …
Persistent link: https://www.econbiz.de/10010820983
The goal of our paper is to analyze the differences in terms of effort sensitivity to monetary incentive schemes … incentives like performance pay would be less effective in inducing effort in the nonprofit sector as nonprofit workers are ready … to donate labour to their employers. Using workers' stated sensitivity of effort to current and hypothetical use of …
Persistent link: https://www.econbiz.de/10010821232
status or relative income on work effort. We find a strong effect of others' incomes on individual effort decisions in both … datasets. The individual's rank in the income distribution has a more powerful effect on effort than does others' average … income rank, the width of the relevant income distribution matters, with effort increasing in the distance from the bottom of …
Persistent link: https://www.econbiz.de/10008790979
Cet article relate les résultats d'une expérience portant sur l'effet des comparaisons de salaire sur les décisions d'effort … salaire égal, les individus situés à un rang plus faible dans la hiérarchie des salaires fournissent significativement moins d'effort …, ils réduisent leur effort en réaction à un déclassement salarial ou social. …
Persistent link: https://www.econbiz.de/10008791906
This a chapter for the Handbook of Social Choice and Welfare. It deals with the theory of fairness applied to situations when individuals are partly responsible for their characteristics.
Persistent link: https://www.econbiz.de/10008793496
This article analyses the impact of oil price on bond risk premiums issued by emerging economies. No empirical study has yet focussed on the effects of the oil price on government bond risk premiums. We develop a model of credit spread with data from the EMBIG index of seventeen countries, from...
Persistent link: https://www.econbiz.de/10010935037
Why do countries default? this seemingly simple question has yet to be adequately answered in the literature. Indeed, prevailing modelling strategies compel the to choose between two enappealing model features: depending on the cost of default selected by the modeler, either the debt ratios are...
Persistent link: https://www.econbiz.de/10010738843
This article analyses the impact of oil price on bond risk premiums issued by emerging economies. No empirical study has yet focussed on the effects of the oil price on government bond risk premiums. We develop a model of credit spread with data from the EMBIG index of seventeen countries, from...
Persistent link: https://www.econbiz.de/10010618135
In this paper, I show that Polleit and Mariano (2011) are right in concluding that Credit Default Swaps (CDS) are per se unobjectionable from Rothbard's libertarian perspective on property rights and contract theory, but that they fail to derive this conclusion properly. I therefore outline the...
Persistent link: https://www.econbiz.de/10010820940