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This paper analyzes the properties of runoff electoral systems when voters are strategic. A model of three-candidate runoff elections is presented, and two new features are included: the risk of upset victory in the second round is endogenous, and many types of runoff systems are considered....
Persistent link: https://www.econbiz.de/10010815595
Two parties choose redistricting plans to maximize their probability of winning a majority in the House of Representatives. In the unique equilibrium, parties maximally segregate their opponents' supporters but pool their own supporters into uniform districts. Ceteris paribus, the stronger party...
Persistent link: https://www.econbiz.de/10008645032
A principal can observe both the output and input of an agent who works at a job involving multiple tasks. We provide a simple theory that explains why it may be optimal for the principal to use only an output-based incentive contract, even though the principal can monitor the agent's actions...
Persistent link: https://www.econbiz.de/10005237698
Persistent link: https://www.econbiz.de/10005241427
workers differ in skills, the choice of sorting pattern may be associated with a nontrivial trade-off between exploiting the …
Persistent link: https://www.econbiz.de/10010815510
We study peer effects in the workplace. Specifically, we investigate whether, how, and why the productivity of a worker depends on the productivity of coworkers in the same team. Using high-frequency data on worker productivity from a large supermarket chain, we find strong evidence of positive...
Persistent link: https://www.econbiz.de/10004999838
Persistent link: https://www.econbiz.de/10004999842
A single worker allocates her time among different projects which are progressively assigned. When the worker works on too many projects at the same time, the output rate decreases and completion time increases according to a law which we derive. We call this phenomenon "task juggling" and argue...
Persistent link: https://www.econbiz.de/10010736778
Tournaments can elicit more effort but sabotage may attenuate the effect of competition. Because it is hard to separate effort and ability, the evidence on tournaments is thin. There is even less evidence on sabotage because these acts often consist of subjective peer evaluation or "office...
Persistent link: https://www.econbiz.de/10008622166
I discuss the measurement of world poverty and inequality, with particular attention to the role of purchasing power parity (PPP) price indexes from the International Comparison Project. Global inequality increased with the latest revision of the ICP, and this reduced the global poverty line...
Persistent link: https://www.econbiz.de/10008622175