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Optimal incentive contracts for a worker who envies his boss
Dur, Robert; Glazer, Amihai - 2004
A worker's utility may increase in his own income, but envy can make his utility decline with his employer's income … various assumptions about the object and generality of envy. Envy amplifies the effect of incentives on effort and, therefore …, increases optimal incentive pay. Moreover, envy can make profitsharing optimal, even when the worker's effort is fully …
Persistent link: https://www.econbiz.de/10010261264
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A Welfarist Role for Nonwelfarist Rules : An Example with Envy
Weinzierl, Matthew - 2017
driven by envy even though it generates direct utilitarian gains. That share rises as the role of envy is made more salient …
Persistent link: https://www.econbiz.de/10012951872
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Sustainable social spending in a greying economy with stagnant public services: Baumol's cost disease revisited
van der Ploeg, Frederick - 2006
Baumol's cost disease states that relatively high productivity growth in manufacturing induces a steady increase in the relative price of human services. If demand for these services is inelastic or manufactured goods are necessities, the budget share of these services inexorably rises over time...
Persistent link: https://www.econbiz.de/10010276200
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On the allocation of time
Duernecker, Georg; Herrendorf, Berthold - 2014 - This version: March 2014
We document for the US and Continental Europe that home-production time remained essentially flat during the last 50 years while changes in market time and leisure offset each other. We then focus on the US and France during 1970-2005 which are on the opposite sides of the spectrum: while US...
Persistent link: https://www.econbiz.de/10011490472
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Incentives and workers' motivation in the public sector
Delfgaauw, Josse; Dur, Robert - 2004
Civil servants have a bad reputation of being lazy. However, citizens' personal experiences with civil servants appear to be significantly better. We develop a model of an economy in which workers differ in laziness and in public service motivation, and characterise optimal incentive contracts...
Persistent link: https://www.econbiz.de/10010261219
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The desire for impact
Dur, Robert A. J.; Glazer, Amihai - 2005
This paper explores the meaning and implications of the desire by workers for impact. We find that this impact motive can make firms in a competitive labor market act as monopsonists, lead workers with the same characteristics but at different firms to earn different wages, may alleviate the...
Persistent link: https://www.econbiz.de/10010261327
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Analyzing the Effects of Insuring Health Risks : On the Trade-Off between Short Run Insurance Benefits vs. Long Run Incentive Costs
Cole, Harold L. - 2012
This paper constructs a dynamic model of health insurance to evaluate the short- and long run effects of policies that prevent firms from conditioning wages on health conditions of their workers, and that prevent health insurance companies from charging individuals with adverse health conditions...
Persistent link: https://www.econbiz.de/10013097204
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Construction contracts (or How to get the right building at the right price?)
Chakravarty, Surajeet; MacLeod, W. Bentley - 2006
Most contracts that individuals enter into are not written from scratch; rather, they depend upon forms and terms that have been successful in the past. In this paper, we study the structure of form construction contracts published by the American Institute of Architects (AIA). We show that...
Persistent link: https://www.econbiz.de/10010263907
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How reasonable is the reasonable royalty rate?: Damage rules and probabilistic intellectual property rights
Choi, Jay Pil - 2006
This paper investigates how different damage rules in patent infringement cases shape competition when intellectual property rights are probabilistic. I develop a simple model of oligopolistic competition to compare two main liability doctrines that have been used in the US to assess...
Persistent link: https://www.econbiz.de/10010263961
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The intergenerational transmission of risk and trust attitudes
Dohmen, Thomas; Falk, Armin; Huffman, David - 2008
Recent theoretical contributions depart from the usual practice of treating individual attitude endowments as a black box, by assuming that these are shaped by the attitudes of parents and other role models. Attitudes include fundamental preferences such as risk preference, and crucial beliefs...
Persistent link: https://www.econbiz.de/10010264365