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Bank Bonus Pay as a Risk Sharing Contract
Efing, Matthias - 2019
We argue that risk sharing motivates the bank-wide structure of bonus pay. In the presence of financial frictions that make external financing costly, the optimal contract between shareholders and employees involves some degree of risk sharing whereby bonus pay partially absorbs earnings shocks....
Persistent link: https://www.econbiz.de/10012892088
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Profit-Sharing Rules and the Taxation of Multinational Internet Platforms
Bloch, Francis - 2019
This paper analyzes taxation of an Internet platform attracting users from different jurisdictions. When corporate income tax rates are different in the two jurisdictions, the platform distorts prices and outputs in order to shift profit to the low-tax country. We analyze the comparative statics...
Persistent link: https://www.econbiz.de/10012861455
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When a Nudge Backfires : Combining (Im)Plausible Deniability with Social and Economic Incentives to Promote Behavioral Change
Bolton, Gary - 2020
Both theory and recent empirical evidence on nudging suggest that observability of behavior acts as an instrument for …
Persistent link: https://www.econbiz.de/10012842390
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Belief Elicitation : Limiting Truth Telling with Information or Incentives
Danz, David - 2020
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/10012842970
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Inefficient Water Pricing and Incentives for Conservation
Chakravorty, Ujjayant - 2019
We use two randomized controlled trials in Bangladesh to study a simple water conservation technology for rice production called “Alternate Wetting and Drying (AWD)”. Despite proven results in agronomic trials, our first experiment shows that AWD only saves water and increases profits in...
Persistent link: https://www.econbiz.de/10012889757
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Information, Asymmetric Incentives, or Withholding? Understanding the Self-Enforcement of Value-Added Tax
Waseem, Mazhar - 2019
During the period 1996-2000, the coverage of VAT in Pakistan rose by twenty times in terms of the number of firms in the tax net and by ten times in terms of the volume of transactions subject to it. This paper leverages this staggered introduction of VAT in the country to estimate its...
Persistent link: https://www.econbiz.de/10012866312
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Utilities Included : Split Incentives in Commercial Electricity Contracts
Jessoe, Katrina - 2019
This paper quantifies a tenant-side "split incentives" problem that exists when the largest commercial sector customers … previous split incentives papers, and is robust when exposed to several opportunities to fail. The electricity reduction in …
Persistent link: https://www.econbiz.de/10012866313
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Incentives, Self-Selection, and Coordination of Motivated Agents for the Production of Social Goods
Bauer, Kevin; Kosfeld, Michael; von Siemens, Ferdinand - 2021
We study, theoretically and empirically, the effects of incentives on the self-selection and coordination of motivated …). Agents differ in their motivation to exert social effort. Our model predicts that lowering incentives for selfish effort in … prediction in a lab experiment allowing us to cleanly separate the selection effect from other effects of low incentives. Results …
Persistent link: https://www.econbiz.de/10013217557
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Platform Design and Innovation Incentives : Evidence from the Product Ratings System on Apple's App Store
Leyden, Benjamin T. - 2021
A lack of platform-level competition among digital marketplaces can result in socially inefficient platform design and meaningful welfare losses, even independent of actively anticompetitive behavior. To illustrate the first-order effects platform design can have on competitive outcomes, I...
Persistent link: https://www.econbiz.de/10013224087
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Arm's Length Provision of Public Services
Bennedsen, Morten; Schultz, Christian - 2021
We analyze the economic consequences of strategic delegation of the right to decide between public or private provision of a governmental service and/or the authority to negotiate and renegotiate with the chosen service provider. Our model encompasses both bureaucratic delegation from a...
Persistent link: https://www.econbiz.de/10013316659