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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

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

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

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

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

The Good, the Bad and the Naive: Do Fair Prices Signal Good Types or Do They Induce Good Behaviour?

Dulleck, Uwe; Johnston, David W.; Kerschbamer, Rudolf; … - Institute for the Study of Labor (IZA) - 2012

Evidence on behavior of experts in credence goods markets raises an important causality issue: Do "fair prices" induce "good behavior", or do "good experts" post "fair prices"? To answer this question we propose and test a model with three seller types: "the good" choose fair prices and behave...

Persistent link: https://www.econbiz.de/10011279266

Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education

Kosfeld, Michael; Schüwer, Ulrich - Institute for the Study of Labor (IZA) - 2011

Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...

Persistent link: https://www.econbiz.de/10009359868

Managerial Job Assignment and Imperfect Competition in Asymmetric Equilibrium

Grossmann, Volker - Institute for the Study of Labor (IZA) - 2003

This paper develops a model with multiple market locations in which the quality of intangible assets of firms, provided by management, determines the firms’ performance. Despite an ex ante symmetry of potential entrants, the equilibrium assignment of heterogeneous managerial skills to firms...

Persistent link: https://www.econbiz.de/10005822446

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