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Dinerstein, Michael; Opper, Isaac M. - 2022

heterogenous response improves screening efficiency: 1) all employees place similar value on staying in their current role; 2) the … announcement reduced the screening efficiency gap — defined as the reduction of screening efficiency stemming from the partial …

Persistent link: https://www.econbiz.de/10013353481

Screening Green Innovation through Carbon Pricing

Ahlvik, Lassi; van den Bijgaart, Inge - 2022

subsidize the socially most valuable green innovations. We find that carbon pricing works as an innovation screening device … perfect screening and generalize results to screening policies under alternative intellectual property regimes and …

Persistent link: https://www.econbiz.de/10013427717

Venture Cycles: Theory and Evidence

Gehrig, Thomas; Stenbacka, Rune - 2003

competing financiers undertake their screening decisions in an uncoordinated way, thereby highlighting the role of intertemporal … screening externalities induced by competition among venture capitalists as a structural source of instability. We show that … uncoordinated screening behavior of competing financiers is an independent source of fluctuations inducing venture investment cycles …

Persistent link: https://www.econbiz.de/10010315776

Getting People into Work: What (if Anything) Can Justify Mandatory Activation of Welfare Recipients?

Molander, Anders; Torsvik, Gaute - 2013

So-called activation policies aiming at bringing jobless people into work have been a central component of welfare reforms across OECD countries during the last decades. Such policies combine restrictive and enabling programs, but their characteristic feature is that also enabling programs are...

Persistent link: https://www.econbiz.de/10010317051

Gift-exchange, incentives, and heterogeneous workers

Non, Arjan - 2011

By incorporating reciprocity in an otherwise standard principal-agent model, I investigate the relation between monetary gift-exchange and incentive pay, while allowing for worker heterogeneity. I assume that some, but not all, workers care more for their principal when they are convinced that...

Persistent link: https://www.econbiz.de/10010277387

Price Discrimination in Input Markets: Quantity Discounts and Private Information

Herweg, Fabian; Müller, Daniel - 2013

We consider a monopolistic supplier’s optimal choice of wholesale tariffs when downstream firms are privately informed about their retail costs. Under discriminatory pricing, downstream firms that differ in their ex ante distribution of retail costs are offered different tariffs. Under uniform...

Persistent link: https://www.econbiz.de/10010293910

The Optimal Duration of Contracts

Poutvaara, Panu; Takalo, Tuomas; Wagener, Andreas - 2017

We study the optimal duration of contracts in a principal-agent framework with both moral hazard and adverse selection. Agents decide on a contract-specific and non-verifiable investment. Incentive compatibility requires that initial contracts, which serve to screen the ability of newly hired...

Persistent link: https://www.econbiz.de/10011794147

Selling Dreams: Endogenous Optimism in Lending Markets

Bridet, Luc; Schwardmann, Peter - 2020

We propose a simple model of borrower optimism in competitive lending markets with asymmetric information. Borrowers in our model engage in self-deception to arrive at a belief that optimally trades off the anticipatory utility beneﬁts and material costs of optimism. Lenders' contract design...

Persistent link: https://www.econbiz.de/10012214182

The Complementary Nature of Trust and Contract Enforcement

Bartling, Björn; Fehr, Ernst; Huffmann, David B.; … - 2021

Under weak contract enforcement the trading parties’ trust, defined as their belief in other’s trustworthiness, appears important for realizing gains from trade. In contrast, under strong contract enforcement beliefs about other’s trustworthiness appear less important, suggesting that...

Persistent link: https://www.econbiz.de/10012492972

Donating time or money: Are they substitutes or complements?

Hartmann, Bastian; Werding, Martin - 2012

a screening mechanism enabling donors to better assess the use that is made of the money they could contribute. We …

Persistent link: https://www.econbiz.de/10010283578