Showing 1 - 10 of 132
This paper studies the role of intrinsic motivation, reputation and reciprocity in driving open source software … incentives. Using detailed information on code contributions and project membership, we classify developers into distinct groups … reputation, but less for reciprocity. …
Persistent link: https://www.econbiz.de/10005789146
), material or other explicit incentives (laws) and social sanctions or rewards (norms). It first examines how honor, stigma and … social norms arise from individuals’ behaviors and inferences, and how they interact with material incentives. It then … also what shapes social judgements and moral sentiments. Setting law thus means both imposing material incentives and …
Persistent link: https://www.econbiz.de/10009371470
We use a unique firm-level panel data set of multinational parents and their foreign affiliates to analyse whether profits are shared across borders within multinational firms. Using both fixed-effects and generalized method-of-moments estimators, affiliate wage levels are estimated to respond...
Persistent link: https://www.econbiz.de/10005124227
We study the tension between competitive screening and contract enforcement where a principal trades repeatedly with one among several agents, moral hazard and adverse selection coexist, and non-contractible dimensions are governed by relational contracting. We simultaneously characterize...
Persistent link: https://www.econbiz.de/10005082534
reputation played an important role in intermediaries’ underwriting choices. Next, the paper checks whether banks managed to …
Persistent link: https://www.econbiz.de/10008468539
In recent decades, many firms offered more discretion to their employees, often increasing the productivity of effort but also leaving more opportunities for shirking. These "high-performance work systems" are difficult to understand in terms of standard moral hazard models. We show...
Persistent link: https://www.econbiz.de/10008468606
This paper studies learning effects in new markets using a panel of relationships between Chilean wineries and distributors in the UK. Controlling for winery, distributors and time effects, FOB prices increase by at least three percent with every additional year in a relationship while export...
Persistent link: https://www.econbiz.de/10008468665
Walsh (1995) addresses the government-central bank principal-agent problem where there exists a severe information extraction problem. This is solved by a ‘Walsh contract’ which links the income of the central bank to observed macroeconomic variables, output and inflation. The contract does...
Persistent link: https://www.econbiz.de/10005124190
We study how competition from privately-supplied currency substitutes affects monetary equilibria. Whenever currency is inefficiently provided, inside money competition plays a disciplinary role by providing an upper bound on equilibrium inflation rates. Furthermore, if ‘inside monies’ can...
Persistent link: https://www.econbiz.de/10005136489
allows the Central Bank to create and exploit a 'strategic' reputation to its own advantage; the latter does not. The test …
Persistent link: https://www.econbiz.de/10005136496