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Behavioral Constraints on Pricing: Experimental Evidence on Price Discrimination and Customer Antagonism
Leibbrandt, Andreas - 2016
In this study, we investigate behavioral constraints on pricing by using a novel laboratory experiment in which actual consumption goods are traded. We test different models and provide several insights into pricing and reactions to price discrimination. First, we identify the extent to which...
Persistent link: https://www.econbiz.de/10011584913
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What Makes a Price Fair? An Experimental Study of Transaction Experience and Endogenous Fairness Views
Herz, Holger; Taubinsky, Dmitry - 2016
People’s fairness preferences are an important constraint for what constitutes an acceptable economic transaction, yet … arising from previous transactions play an important role in shaping perceptions of fairness. Buyers used to high market … two classes of models of path-dependent fairness preferences - either based on endogenous fairness reference points or …
Persistent link: https://www.econbiz.de/10011522436
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The twin effects of globalization: Evidence from a sample of Indian manufacturing firms
Daveri, Francesco; Manasse, Paolo; Serra, Danila - 2010
Employees of globalized firms face a riskier menu of labor market outcomes. They face a more uncertain stream of earnings and riskier employment prospects. However, they may also have stronger incentives to train and upgrade their skills and/or may benefit from more rapid careers. Hence, the...
Persistent link: https://www.econbiz.de/10010274735
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CEO compensation
Frydman, Carola; Jenter, Dirk - 2010
This paper surveys the recent literature on CEO compensation. The rapid rise in CEO pay over the past 30 years has sparked an intense debate about the nature of the pay-setting process. Many view the high level of CEO compensation as the result of powerful managers setting their own pay. Others...
Persistent link: https://www.econbiz.de/10010285538
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How Do Gender Quotas Affect Hierarchical Relationships? Complementary Evidence from a Respresentative Survey and Labor Market Experiments
Ip, Edwin; Leibbrandt, Andreas; Vecci, Joseph - 2018
that quotas lead to lower effort levels and lower wages in such environments. By contrast, in environments in which women … higher wages. These findings are consistent with the concept of meritocracy and suggest that it is important to evaluate the …
Persistent link: https://www.econbiz.de/10011815808
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Contracts and Inequity Aversion
Englmaier, Florian; Wambach, Achim - 2002
Using the concept of Inequity Aversion we derive in a Moral Hazard setting several results which differ from conventional contract theory. Our three key insights are: First, inequity aversion plays a crucial role in the design of optimal contracts. Second, there is a strong tendency towards...
Persistent link: https://www.econbiz.de/10010315721
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New Empirical Findings about the Interaction between Public Employment Agency and Private Search Effort
Holzner, Christian; Watanabe, Makoto - 2024
the job-finding probability of unemployed with vacancy referrals unaffected, and increased average wages of newly hired …
Persistent link: https://www.econbiz.de/10014534449
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Quality of Life in a Dynamic Spatial Model
Ahlfeldt, Gabriel; Bald, Fabian; Roth, Duncan; Seidel, … - 2020
We develop a dynamic spatial model in which heterogeneous workers are imperfectly mobile and forward-looking and yet all structural fundamentals can be inverted without assuming that the economy is in a stationary spatial equilibrium. Exploiting this novel feature of the model, we show that the...
Persistent link: https://www.econbiz.de/10012425673
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Wage Determination in the Shadow of the Law: The Case of Works Councilors in Germany
Goerke, Laszlo; Pannenberg, Markus - 2021
The German law on co-determination at the plant level (Betriebsverfassungsgesetz) stipulates that works councilors are neither to be financially rewarded nor penalized for their activities. This regulation contrasts with publicized instances of excessive payments. The divergence has sparked a...
Persistent link: https://www.econbiz.de/10012581986
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Voice at Work
Harju, Jarkko; Jäger, Simon; Schoefer, Benjamin - 2021
(job security, health, subjective job quality, and wages). Worker voice slightly raised firm survival, productivity, and …
Persistent link: https://www.econbiz.de/10012581999