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examine whether information on the offered incentives improves reports about a known objective prior. We find that transparent … information on incentives gives rise to error rates in excess of 40 percent, and that only 15 percent of participants consistently … report the truth. False reports are conservative and appear to result from a biased perception of the BSR incentives. While …
Persistent link: https://www.econbiz.de/10012481521
. We focus on regret theory and the use of "regret lotteries" for motivating behavior change. Here, findings from one …-shot settings have been used to promote regret as a tool to boost incentives in recurrent decisions across many settings. Using … theory and experiments, we replicate regret lotteries as the superior one-shot incentive; however, for repeated decisions the …
Persistent link: https://www.econbiz.de/10014635722
We develop a real options model of R&D valuation, which takes into account the uncertainty in the quality of the research output, the time and cost to completion, and the market demand for the R&D output. The model is then applied to study the problem of pharmaceutical under-investment in R&D...
Persistent link: https://www.econbiz.de/10012468653
healthcare. We argue that markets are most advantageous in areas where high-powered incentives are desirable, but in areas where … high-powered incentives stimulate unproductive signalling effort, firms, or even government, may have a comparative … advantage. Firms may be able to weaken incentives and improve efficiency by obscuring information about individual workers …
Persistent link: https://www.econbiz.de/10012468896
Advocates of teacher incentive programs argue that they can strengthen weak incentives, while opponents argue they lead … to teaching to the test.' We find evidence that existing teacher incentives in Kenya are indeed weak, with teachers … Kenya with incentives based on students' test scores. Students in program schools had higher test scores, significantly so …
Persistent link: https://www.econbiz.de/10012469027
How do patient and provider incentives affect mode and cost of long-term care? Our analysis of 1 million nursing home … profitable out-of-pocket payers. Third, providers react more elastically to financial incentives than patients, so moving to …
Persistent link: https://www.econbiz.de/10012480830
We correct and extend the results of Gans (2015) regarding the effects of net neutrality regulation on equilibrium outcomes in settings where a content provider sells its services to consumers for a fee. We examine both pricing and investment effects. We extend the earlier paper's result that...
Persistent link: https://www.econbiz.de/10012456634
While incentive schemes to elicit greater effort in organizations are widespread, the incentive strength-effort mapping is difficult to ascertain in practice, hindering incentive design. We propose a new semi-parametric method for uncovering this relationship in an education context, using...
Persistent link: https://www.econbiz.de/10012456836
at approximately age 57. Thus, older workers face strong incentives to earn enough to obtain creditable coverage through …
Persistent link: https://www.econbiz.de/10012456962
large gap between social and private incentives to invest …
Persistent link: https://www.econbiz.de/10012457346