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from worker self-selection may not be matched by a corresponding social gain. In particular, the equilibrium incentive to …
Persistent link: https://www.econbiz.de/10005123693
We present evidence from a natural field experiment designed to shed light on the efficacy of fundraising schemes in which donations are matched by a lead donor. In conjunction with the Bavarian State Opera House, we mailed 14,000 regular opera attendees a letter describing a charitable...
Persistent link: https://www.econbiz.de/10008680761
We present evidence from a natural field experiment and structural model designed to shed light on the efficacy of alternative fundraising schemes. In conjunction with the Bavarian State Opera, we mailed 25,000 opera attendees a letter describing a charitable fundraising project organized by the...
Persistent link: https://www.econbiz.de/10011084280
When asking for donations, charitable organizations often suggest a potential amount to contribute. However, the evidence concerning the effects of such suggestions is scarce and inconsistent. Unlike the majority of earlier studies concerned with small-money solicitations, we examine the effect...
Persistent link: https://www.econbiz.de/10011084485
innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy … approaches the technology frontier, selection becomes more important. As a result, countries at early stages of development … investments, but little selection. Closer to the world technology frontier, there is a switch to an innovation-based strategy with …
Persistent link: https://www.econbiz.de/10005789082
insurance and preferences are nonseparable. This result appears to support the conclusion of the above mentioned folk theorem …
Persistent link: https://www.econbiz.de/10008468520
Local network externalities are present when the utility of buying from a firm not only depends on the number of other customers (global network externalities), but also on their identity and/or characteristics. We explore the consequences of local network externalities within a framework where...
Persistent link: https://www.econbiz.de/10008530382
, equilibrium wage dispersion is necessary for the economy to approximate efficiency. Without wage dispersion, workers do not search …
Persistent link: https://www.econbiz.de/10005124074
There are many well developed theories which explain why governments redistribute income. There are very few theories, however, which can explain why this redistribution often takes an inefficient form. In this paper we develop a theory of why redistribution is made inefficiently. Inefficient...
Persistent link: https://www.econbiz.de/10005067380
In an important paper, Aghion and Bolton (1987) argue that a buyer and a seller may agree on high liquidation damages in order to extract rents from future suppliers. As this may distort future trade, it may be socially wasteful. We argue that Aghion and Bolton's analysis is incomplete in some...
Persistent link: https://www.econbiz.de/10005497799