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Does the John Bates Clark Medal Boost Subsequent Productivity and Citation Success?
Chan, Ho Fai; Frey, Bruno S.; Gallus, Jana; Torgler, Benno - 2013
Despite the social importance of awards, they have been largely disregarded by academic research in economics. This paper investigates whether a specific, yet important, award in economics, the John Bates Clark Medal, raises recipients' subsequent research activity and status compared to a...
Persistent link: https://www.econbiz.de/10010323024
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Financial Constraints and Moral Hazard: The Case of Franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - 2013
Financial constraints are an important impediment to the growth of small businesses. We study theoretically and empirically how the financial constraints of agents affect their decisions to exert effort, and, hence the organizational decisions and growth of principals, in the context of...
Persistent link: https://www.econbiz.de/10010328771
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Common Ownership, Competition, and Top Management Incentives
Antón, Miguel; Ederer, Florian; Giné, Mireia; … - 2016
We show theoretically and empirically that executives are paid less for their own firm’s performance and more for their rivals’ performance if an industry’s firms are more commonly owned by the same set of investors. Higher common ownership also leads to higher unconditional total pay. We...
Persistent link: https://www.econbiz.de/10011584877
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An Offer You Can't Refuse? Incentives Change What We Believe
Ambuehl, Sandro - 2017
Much of economics assumes that higher incentives increase participation in a transaction only because they exceed more … costly, higher incentives also change reservation prices to further increase participation. A higher incentive makes people …. Hence, incentives change not only what people choose, but also what they believe their choices entail. This result informs …
Persistent link: https://www.econbiz.de/10011615851
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Incentives, search engines, and the elicitation of subjective beliefs: evidence from representative online survey experiments
Grewenig, Elisabeth; Lergetporer, Philipp; Werner, Katharina - 2019
A large literature studies subjective beliefs about economic facts using unincentivized survey questions. We devise randomized experiments in a representative online survey to investigate whether incentivizing belief accuracy affects stated beliefs about average earnings by professional degree...
Persistent link: https://www.econbiz.de/10012018247
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Differential performance in high vs. low stakes tests: evidence from the GRE test
Schlosser, Analia; Neeman, Zvika; Attali, Yigal - 2019
We study how different demographic groups respond to incentives by comparing their performance in “high” and “low …
Persistent link: https://www.econbiz.de/10012018281
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Attention and Selection Effects
Ambuehl, Sandro; Ockenfels, Axel; Stewart, Colin - 2018
Who participates in transactions when information about the consequences must be learned? We show theoretically that decision makers for whom acquiring and processing information is more costly respond more strongly to changes in incentive payments for participating and decide to participate...
Persistent link: https://www.econbiz.de/10011872148
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Job Search Requirements, Effort Provision and Labor Market Outcomes
Arni, Patrick; Schiprowski, Amelie - 2018
How effective are effort targets? This paper provides novel evidence on the effects of job search requirements on effort provision and labor market outcomes. Based on large-scale register data, we estimate the returns to required job search effort, instrumenting individual requirements with...
Persistent link: https://www.econbiz.de/10011931950
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Arm's length provision of public services
Bennedsen, Morten; Schultz, Christian - 2007
We analyze the economic consequences of strategic delegation of the right to decide between public or private provision of governmental service and/or the authority to negotiate and renegotiate with the chosen service provider. Our model encompass both bureaucratic delegation from a government...
Persistent link: https://www.econbiz.de/10010264261
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Does fertility respond to financial incentives?
Laroque, Guy; Salanié, Bernard - 2008
There has been little empirical work evaluating the sensitivity of fertility to financial incentives at the household … representation of the French tax-benefit system. Our results suggest that financial incentives play a notable role in determining …
Persistent link: https://www.econbiz.de/10010264391