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Cigno, Alessandro - Institute for the Study of Labor (IZA) - 2005

The paper re-examines the idea that a family can be viewed as a community governed by a self-enforcing constitution, and extends existing results in two directions. First, it identifies circumstances in which a constitution is renegotiation-proof. Second, it introduces parental altruism. The...

Persistent link: https://www.econbiz.de/10005762141

Attention Discrimination: Theory and Field Experiments with Monitoring Information Acquisition

Bartos, Vojtech; Bauer, Michal; Chytilová, Julie; … - Institute for the Study of Labor (IZA) - 2014

We link two important ideas: attention is scarce and lack of information about an individual drives discrimination in … selection decisions. Our model of allocation of costly attention implies that applicants from negatively stereotyped groups face … "attention discrimination": less attention in highly selective cherry-picking markets, where more attention helps applicants, and …

Persistent link: https://www.econbiz.de/10010884110

Complex Tax Incentives: An Experimental Investigation

Abeler, Johannes; Jäger, Simon - Institute for the Study of Labor (IZA) - 2013

How does the tax system's complexity affect people's reaction to tax changes? To answer this question, we conduct a real-effort experiment in which subjects receive a piece rate and face a set of taxes. In one treatment the tax system is simple; in the other treatment it is highly complex. The...

Persistent link: https://www.econbiz.de/10010884214

Manipulation of Choice Behavior

Manzini, Paola; Mariotti, Marco; Tyson, Christopher J. - Institute for the Study of Labor (IZA) - 2011

We introduce and study the problem of manipulation of choice behavior. In a class of two-stage models of decision making, with the agent's choices determined by three "psychological variables," we imagine that a subset of these variables can be selected by a "manipulator." To what extent does...

Persistent link: https://www.econbiz.de/10009225770

The Role of Salience in Performance Schemes: Evidence from a Field Experiment

Englmaier, Florian; Roider, Andreas; Sunde, Uwe - Institute for the Study of Labor (IZA) - 2012

Incentive schemes affect performance and priorities of agents but, in reality, they can be complicated even for simple tasks. We analyze the effects of the salience of incentives in a team production setting where the principal has an interest in quantity and quality of output. We use data from...

Persistent link: https://www.econbiz.de/10011279295

Incentives and Information as Driving Forces of Default Effects

Altmann, Steffen; Falk, Armin; Grunewald, Andreas - Institute for the Study of Labor (IZA) - 2013

The behavioral relevance of non-binding default options is well established. While most research has focused on decision makers' responses to a given default, we argue that this individual decision making perspective is incomplete. Instead, a comprehensive understanding of the foundation of...

Persistent link: https://www.econbiz.de/10010959692

Survey of Models on Demand, Customer Base-Line and Demand Response and Their Relationships in the Power Market

Heshmati, Almas - Institute for the Study of Labor (IZA) - 2012

The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated interest among researchers, consumers and producer organizations, managers, regulators and policymakers, This research reviews the growing literature on models used to study...

Persistent link: https://www.econbiz.de/10010764617

Market Design for Trading Commoditized Renewable Energy

Heshmati, Almas; Abolhosseini, Shahrouz - Institute for the Study of Labor (IZA) - 2014

Information and communication technology plays an important role in achieving a higher level of energy efficiency. In particular, energy efficiency can be achieved by integrating information technology into electricity networks to enable the interaction between suppliers and customers (smart...

Persistent link: https://www.econbiz.de/10010886132

A Theory of Efficiency Wage with Multiple Unemployment Equilibria: How a Higher Minimum Wage Law Can Curb Unemployment

Basu, Kaushik; Felkey, Amanda J. - Institute for the Study of Labor (IZA) - 2008

This paper uses efficiency wage theory and the existence of community-based sharing to hypothesize that labor markets in developing countries have multiple equilibria – the same economy can be stuck at different levels of unemployment with different levels of wages. The model is meant for...

Persistent link: https://www.econbiz.de/10005763563

Are Two Tax Rates Better than One?

FitzRoy, Felix; Jin, Jim - Institute for the Study of Labor (IZA) - 2009

Should two-band income taxes be progressive given a general income distribution? We provide a negative answer under utilitarian and max-min welfare functions. While this result clarifies some ambiguities in the literature, it does not rule out progressive taxes in general. If we maximize total...

Persistent link: https://www.econbiz.de/10004999938