Showing 1 - 10 of 1,917
Since its launch in 2009 much has been written about Bitcoin, cryptocurrencies and blockchains. While the discussions … including macroeconomics, law and economics and computer science. This survey focuses on the microeconomics of cryptocurrencies …
Persistent link: https://www.econbiz.de/10013250041
The social and the private returns to education differ when education can increase productivity, and also be used to signal productivity. We show how instrumental variables can be used to separately identify and estimate the social and private returns to education within the employer learning...
Persistent link: https://www.econbiz.de/10012841583
redistributing income and affecting signalling incentives is analyzed, as well as extended tax systems that combine income taxation …
Persistent link: https://www.econbiz.de/10013217555
What happens when employers would like to screen their employees but only observe a subset of output? We specify a model in which heterogeneous employees respond by producing more of the observed output at the expense of the unobserved output. Though this substitution distorts output in the...
Persistent link: https://www.econbiz.de/10014079145
A pre-condition for employer learning is that signals at labor market entry do not fully reveal graduates’ productivity. I model various distinct sources of signal imperfection—such as noise and multi-dimensional types—and characterize their implications for the private return to skill...
Persistent link: https://www.econbiz.de/10014357032
We study whether tweets about racial justice predict the offline behaviors of nearly 20,000 US academics. In an audit study, academics that tweet about racial justice discriminate more in favor of minority students than academics that do not tweet about racial justice. Racial justice tweets are...
Persistent link: https://www.econbiz.de/10014348042
Economists and management scholars have argued that the scope of incentives to increase cooperation in organizations is limited as their use signals the prevalence of free-riding among employees. This paper tests this hypothesis experimentally, using a sample of managers and employees from a...
Persistent link: https://www.econbiz.de/10014259692
In this paper, citizens vote in order to influence the election outcome and in order to signal their unobserved characteristics to others. The model is one of rational voting and generates the following predictions: (i) The paradox of not voting does not arise, because the benefit of voting does...
Persistent link: https://www.econbiz.de/10013111989
Firms’ political donations can induce distortions in the allocation of public procurement contracts. In this article, we employ an advanced non-parametric efficiency model to study the public sector (cost) efficiency implications of such distortions. Using a unique dataset covering the Czech...
Persistent link: https://www.econbiz.de/10012872063
Can social norms affect fundamental patterns of behavior such as income effects? Studies of determinants of giving to charities and other individuals yield a wide range of income-effect estimates. We conduct two experiments to first test whether the effect of income on charitable giving depends...
Persistent link: https://www.econbiz.de/10012858205