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Environmental economics is now a long standing field of research ; much has been learned on how environmental policy can use incentives to drive individual behaviors. Among the many examples, preference elicitation is the most discussed case in which incentives fail to accurately implement...
Persistent link: https://www.econbiz.de/10010549098
commitment theory through an oath. …
Persistent link: https://www.econbiz.de/10010605334
exhaust the stock, the contracts are fully separating and similar to those implemented under full commitment. The efficient … commitment and the tax revenue is lower. However, those contracts may not be incentive compatible if the discount factor and the …
Persistent link: https://www.econbiz.de/10010752038
This paper presents a case study of a portfolio of individual long-term insurance contracts sold by a Spanish mutual company. We describe the risk levels, the rating structure and the implied cross-subsidies on a portfolio of policies providing health, life and long-term care insurance. We show...
Persistent link: https://www.econbiz.de/10010899099
improve preference elicitation. Applying the social psychology theory on the oath as a truth-telling-commitment device, we ask …
Persistent link: https://www.econbiz.de/10010899978
improve preference elicitation. Applying the social psychology theory on the oath as a truth-telling-commitment device, we ask …
Persistent link: https://www.econbiz.de/10011026059
-world institution of the solenn oath can improve preference elicitation. Applying the social psychology theory on the oath as a truth-telling-commitment …
Persistent link: https://www.econbiz.de/10010738521
This paper offers a framework to study commitment and cooperation issues in games with multiple policymakers. To … characterized by different commitment and cooperation schemes can admit the same equilibrium outcome if certain spillover effects …, commitment and cooperation are non-trivial issues. Yet, in linear-quadratic models with multiple policymakers commitment and …
Persistent link: https://www.econbiz.de/10010738606
commitment mechanism can eliminate corruption when it is pure extortion. Otherwise, when corruption can affect allocation and the … separating equilibrium in which only the high quality firms commit is guaranteed when commitment decisions are kept secret, but … requires some conditions on firms' beliefs when commitment decisions are publicly announced. Generally, a unilateral commitment …
Persistent link: https://www.econbiz.de/10010738742
repeated cross-section ISSP data from 1997 and 2005 to consider three of measures of worker commitment. There are enormous … cross-country differences in these commitment measures, which are difficult to explain using individual- or job … associated with lower commitment to an extent, economic and civil liberties are positively correlated with worker effort and …
Persistent link: https://www.econbiz.de/10010739069