Showing 1 - 10 of 12
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
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
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
Due to computing and communication facilities, formal procedures, often referred to as ‘algorithms’, are now extensively used in public, economic and social areas. These procedures, currently at the forefront of criticisms, share some features with mechanisms as defined by economists,...
Persistent link: https://www.econbiz.de/10011872041
-specific population estimates generated from the PUMS files differ by as much as 15% from counts in published data tables. Moreover, an …-product of the misapplication of a newer generation of disclosure avoidance procedures carried out on the data. The resulting … errors in the public use data could significantly impact studies of people ages 65 and older, particularly analyses of …
Persistent link: https://www.econbiz.de/10010266071
Data is often at the core of digital products and services, especially when related to online advertising. This has … made data protection and privacy a major policy concern. When surfing the web, consumers leave digital traces that can be …
Persistent link: https://www.econbiz.de/10013177605
-collected and assembled from more than 50 sources. The data reflect 150 years of regional development and disparities in Germany …
Persistent link: https://www.econbiz.de/10013353468
We analyze competition between data intermediaries collecting information on consumers, which they sell to firms for … price discrimination purposes. We show that competition between data intermediaries benefits consumers by increasing … competition between firms, and by reducing the amount of consumer data collected. We argue that merger policy guidelines should …
Persistent link: https://www.econbiz.de/10012658045
quantify their effects, and also in terms of more and higher quality data. The objective of this paper is to trace the … evolution of the methods and data developments in the RTA literature, from Tinbergen's very first exploration until today, and …
Persistent link: https://www.econbiz.de/10014290177
remains even in the age of Artificially Intelligent Learning Machines and Big Data. Many academic economists take it as a … social science, namely reactivity, i.e. human beings systematically respond to economic data, and in particular to …
Persistent link: https://www.econbiz.de/10011744899