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Competition, Hidden Information and Efficiency: An Experiment
Cabrales, Antonio; Charness, Gary; Villeval, Marie-Claire - Institute for the Study of Labor (IZA) - 2006
We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden … principals. We first show theoretically how these different degrees of competition affect outcomes and efficiency. Informational … inefficiencies remain. In contrast, when agents compete to be hired, efficiency improves dramatically, and it increases in the …
Persistent link: https://www.econbiz.de/10005703707
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Equality, Equity and Incentives: An Experiment
Balafoutas, Loukas; Kocher, Martin G.; Putterman, Louis; … - Institute for the Study of Labor (IZA) - 2010
We devise a new experimental game by nesting a voluntary contributions mechanism in a broader spectrum of incentive schemes. With it, we study tensions between egalitarianism, equity concerns, self-interest, and the need for incentives. In a 2x2 design, subjects either vote on or exogenously...
Persistent link: https://www.econbiz.de/10008678697
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Security of Property as a Public Good: Institutions, Socio-Political Environment and Experimental Behavior in Five Countries
Campos-Ortiz, Francisco; Putterman, Louis; Ahn, T.K.; … - Institute for the Study of Labor (IZA) - 2012
We study experimentally the protection of property in five widely distinct countries – Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly...
Persistent link: https://www.econbiz.de/10011128038
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An Economic Model of Child Custody
Francesconi, Marco; Muthoo, Abhinay - Institute for the Study of Labor (IZA) - 2003
This paper develops a model of child custody based on an incomplete-contract approach to the allocation of property rights. Because of the presence of transaction costs in marriage, altruistic parents cannot contract upon the investments they make into their children, but can reduce the...
Persistent link: https://www.econbiz.de/10005703298
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When Does FDI Have Positive Spillovers? Evidence from 17 Transition Market Economies
Gorodnichenko, Yuriy; Svejnar, Jan; Terrell, Katherine - Institute for the Study of Labor (IZA) - 2013
and existing hypotheses about the impact of foreign direct investment (FDI) on the efficiency of domestic firms in the …
Persistent link: https://www.econbiz.de/10010884338
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How Falsifiable is the Collective Model? A New Test with an Application to Monogamous and Bigamous Households in Burkina Faso
Dauphin, Anyck; Fortin, Bernard; Lacroix, Guy - Institute for the Study of Labor (IZA) - 2015
. We conclude that the household efficiency does yield empirically falsifiable restrictions despite being scarcely rejected …
Persistent link: https://www.econbiz.de/10011268877
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Does Performance Information Affect Job Seekers in Selecting Private Providers in Voucher-Based ALMP Programs?
Gerdes, Christer - Institute for the Study of Labor (IZA) - 2015
there is a tradeoff as to efficiency and inequality with respect to services that are contracted to private companies in a …
Persistent link: https://www.econbiz.de/10011265645
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Does Secondary School Tracking Affect Performance? Evidence from IALS
Ariga, Kenn; Brunello, Giorgio - Institute for the Study of Labor (IZA) - 2007
There is substantial cross-country variation in secondary school design, with some countries tracking students into different ability schools very early, and other countries with little or no tracking at all. Does tracking length affects school performance, as measured by standardized test...
Persistent link: https://www.econbiz.de/10005233754
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On-The-Job Search and Sorting
Gautier, Pieter A.; Teulings, Coen N.; Vuuren, Aico van - Institute for the Study of Labor (IZA) - 2005
We characterize the equilibrium of a search model with a continuum of job and worker types, wage bargaining, free entry of vacancies and on-the-job search. The decentralized economy with monopsonistic wage setting yields too many vacancies and hence too low unemployment compared to first best....
Persistent link: https://www.econbiz.de/10005233771
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Should We Extend the Role of Private Social Expenditure?
Pearson, Mark; Martin, John P. - Institute for the Study of Labor (IZA) - 2005
, there is some reason hope that private provision might promote microeconomic efficiency and services which are more … choice and innovation. Second, however, efficiency gains have often been limited. This is due to a number of inter …
Persistent link: https://www.econbiz.de/10005233830