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The Role of Salience in Performance Schemes: Evidence from a Field Experiment
Englmaier, Florian; Roider, Andreas; Sunde, Uwe - CESifo - 2012
tasks. We analyze the effects of the salience of incentives in a team production setting where the principal has an interest … in quantity and quality of output. We use data from a controlled field experiment that changed the communication of the … incentive system without changing the incentive system. The results indicate that salience of incentives itself is statistically …
Persistent link: https://www.econbiz.de/10010539149
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It's the Media, Stupid - How Media Activity Shapes Public Spending
Bruns, Christian - 2008
Politicians seeking reelection need voters to know what they have done for them. Thus, incentives may arise to spend …
Persistent link: https://www.econbiz.de/10012768249
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Exploring Higher-Order Risk Effects
Deck, Cary A. - 2008
Higher-order risk effects play an important role in examining economic behavior under uncertainty. A precautionary demand for saving has been linked to the property of prudence and the property of temperance has been used to show how the presence of an unavoidable risk affects one's behavior...
Persistent link: https://www.econbiz.de/10012768261
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No-Trade in the Laboratory
Angrisani, Marco - 2013
We test the no-trade theorem in a laboratory financial market where subjects can trade an asset whose value is unknown. Subjects receive clues on the asset value and then set a bid and an ask at which they are willing to buy or to sell from the other participants. In treatments with no gains...
Persistent link: https://www.econbiz.de/10012753387
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How Reasonable is the 'Reasonable' Royalty Rate? Damage Rules and Probabilistic Intellectual Property Rights
Choi, Jay Pil - 2021
This paper investigates how different damage rules in patent infringement cases shape competition when intellectual property rights are probabilistic. I develop a simple model of oligopolistic competition to compare two main liability doctrines that have been used in the US to assess...
Persistent link: https://www.econbiz.de/10013317488
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Social Exchange and Common Agency in Organizations
Dur, Robert; Roelfsema, Hein - CESifo - 2007
We study the relation between formal incentives and social exchange in organizations where employees work for several …
Persistent link: https://www.econbiz.de/10005406384
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Handing Out Guns at a Knife Fight: Behavioral Limitations of Subgame-Perfect Implementation
Fehr, Ernst; Powell, Michael; Wilkening, Tom - CESifo - 2014
reluctant to trigger arbitration. The inconsistent use of arbitration eliminates the incentives to take first-best actions and …
Persistent link: https://www.econbiz.de/10010889984
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International Trade, Factor Mobility and the Persistence of Cultural-Institutional Diversity
Belloc, Marianna; Bowles, Samuel - CESifo - 2009
Cultural and institutional differences among nations may result in differences in the ratios of marginal costs of goods in autarchy and thus be the basis of specialization and comparative advantage, as long as these differences are not eliminated by trade. We provide an evolutionary model of...
Persistent link: https://www.econbiz.de/10005013942
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Foreign Market Entry under Incomplete Contracts
Seidel, Tobias - CESifo - 2010
I show in this paper that incomplete contracts affect a firm’s decision about serving foreign customers through exports or local sales from an affiliated plant. When contracts between two agents within a firm are too costly to write, the share of multinational firms may be higher or lower...
Persistent link: https://www.econbiz.de/10008727292
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Incomplete Contracting, Renegotiation, and Expectation-Based Loss Aversion
Herweg, Fabian; Karle, Heiko; Müller, Daniel - CESifo - 2014
We consider a simple trading relationship between an expectation-based loss-averse buyer and profit-maximizing sellers. When writing a long-term contract the parties have to rely on renegotiations in order to ensure materially efficient trade ex post. The type of the concluded long-term contract...
Persistent link: https://www.econbiz.de/10010752163