Showing 1 - 10 of 31
designed to separate inequality aversion from risk aversion. In a set of laboratory experiments, subjects chose between two …Inequality aversion and risk aversion are widely assumed features of economic models. But a review of the literature … revealed that inequlity aversion and risk aversion are treated as separate variables. This paper presents exploratory research …
Persistent link: https://www.econbiz.de/10010746509
hard to assess. We show that spot contracting is not efficient since lemons (in this case, self-employed producers with …
Persistent link: https://www.econbiz.de/10011126635
pros and cons of such survey tools, describing how our methods lie between the traditional surveys used by economists and …
Persistent link: https://www.econbiz.de/10010746415
This paper considers the effect of status or relative income on work effort, combining experimental evidence from a gift-exchange game with the analysis of multi-country ISSP survey data. We find a consistent negative effect of others’ incomes on individual effort in both datasets. The...
Persistent link: https://www.econbiz.de/10010746495
Unrealistic optimism is a well documented phenomenon. This paper argues that it is important in many economic contexts. Focusing on start-up finance for businesses, optimism may be responsible for or consistent with features such as credit rationing or redlining that are normally taken as...
Persistent link: https://www.econbiz.de/10011128056
order to allow for type heterogeneity among the subjects in the experiments, parametric distributions of these parameters …
Persistent link: https://www.econbiz.de/10011071393
qualifications is a risk factor across several components. The fact that limited autonomy maps onto existing socio …This article explores the conceptualisation of choice as autonomy using three components – self-reflection, active … decision-making, and quality and range of options - and investigates empirical inequalities in autonomy, using newly …
Persistent link: https://www.econbiz.de/10010746616
the approach of Bloom and Van Reenen[2007]. Management practices matter: a one standard deviation increase in autonomy for …
Persistent link: https://www.econbiz.de/10011126248
We collect data on operations, targets and human resources management practices in over 1,800 schools educating 15-year-olds in eight countries. Overall, we show that higher management quality is strongly associated with better educational outcomes. The UK, Sweden, Canada and the US obtain the...
Persistent link: https://www.econbiz.de/10011126595
Globalizing knowledge economies foster conditions that intensify the role and value of organizational reputation risk … reputation risk. Having noted the ambivalence that surrounds ‘risk positions’, we present a re-definition of reputation risk that … encompasses the dynamics of contemporary risk and trust relationships. We explore the capacity of different trust forms to reduce …
Persistent link: https://www.econbiz.de/10010744830