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Diversity and Public Goods: A Natural Experiment with Exogenous Residential Allocation

Algan, Yann; Hémet, Camille; Laitin, David D. - Institute for the Study of Labor (IZA) - 2011

This paper demonstrates the effects of ethnic and religious diversity on the quality of public spaces. Its identification strategy relies on the exogeneity of public housing allocations in France, and thereby eliminates the bias from endogenous sorting. The paper uses micro evidence of social...

Persistent link: https://www.econbiz.de/10009353428

The Economics of Labor Market Intermediation: An Analytic Framework

Autor, David - Institute for the Study of Labor (IZA) - 2008

Labor Market Intermediaries (LMIs) are entities or institutions that interpose themselves between workers and firms to facilitate, inform, or regulate how workers are matched to firms, how work is accomplished, and how conflicts are resolved. This paper offers a conceptual foundation for...

Persistent link: https://www.econbiz.de/10005822049

The Economics of Altruistic Punishment and the Demise of Cooperation

Egas, Martijn; Riedl, Arno - Institute for the Study of Labor (IZA) - 2005

Explaining the evolution and maintenance of cooperation among unrelated individuals is one of the fundamental problems in biology and the social sciences. Recent experimental evidence suggests that altruistic punishment is an important mechanism to maintain cooperation among humans. In this...

Persistent link: https://www.econbiz.de/10005822636

Caste and Punishment: The Legacy of Caste Culture in Norm Enforcement

Hoff, Karla; Kshetramade, Mayuresh; Fehr, Ernst - Institute for the Study of Labor (IZA) - 2009

Well-functioning groups enforce social norms that restrain opportunism, but the social structure of a society may encourage or inhibit norm enforcement. Here we study how the exogenous assignment to different positions in an extreme social hierarchy – the caste system – affects individuals'...

Persistent link: https://www.econbiz.de/10004976904

Why Does Ethnic Diversity Undermine Public Goods Provision? An Experimental Approach

Habyarimana, James; Humphreys, Macartan; Posner, Daniel N. - Institute for the Study of Labor (IZA) - 2006

A large and growing literature links high levels of ethnic diversity to low levels of public goods provision. Yet while the empirical connection between ethnic heterogeneity and the underprovision of public goods is widely accepted, there is little consensus on the specific mechanisms through...

Persistent link: https://www.econbiz.de/10005700854

Public Goods Provision and Sanctioning in Privileged Groups

Reuben, Ernesto; Riedl, Arno - Institute for the Study of Labor (IZA) - 2007

In public good provision, privileged groups enjoy the advantage that some of its members find it optimal to supply a positive amount of the public good. However, their inherent asymmetric nature may make the enforcement of cooperative behavior through informal sanctioning harder to accomplish....

Persistent link: https://www.econbiz.de/10005761712

Testing Canonical Tournament Theory: On the Impact of Risk, Social Preferences and Utility Structure

Sheremeta, Roman M.; Wu, Steven Y. - Institute for the Study of Labor (IZA) - 2012

We use experiments to test comparative statics predictions of canonical tournament theory. Both the roles of principal and agent are populated by human subjects, allowing us to test predictions for both incentive responses and optimal tournament design. Consistent with theory, we observed an...

Persistent link: https://www.econbiz.de/10009646321

Contracts between Legal Persons

Kornhauser, Lewis A.; MacLeod, W. Bentley - Institute for the Study of Labor (IZA) - 2010

Contract law and the economics of contract have, for the most part, developed independently of each other. In this … essay, we briefly review the notion of a contract from the perspective of lawyer, and then use this framework to organize … the economics literature on contract. The title, Contracts between Legal Persons, limits the review to that part of …

Persistent link: https://www.econbiz.de/10008765228

Optimal Incentive Contracts under Inequity Aversion

Englmaier, Florian; Wambach, Achim - Institute for the Study of Labor (IZA) - 2005

contract theory and are more in line with empirical findings than standard results. We find: First, inequity aversion alters …

Persistent link: https://www.econbiz.de/10005566722

Reputations, Relationships and the Enforcement of Incomplete Contracts

MacLeod, W. Bentley - Institute for the Study of Labor (IZA) - 2006

incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or …

Persistent link: https://www.econbiz.de/10005233793