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Long-Term Employment Relations When Agents are Present Biased
Englmaier, Florian - 2016
We analyze how agents' present bias affects optimal contracting in an infinite-horizon employment setting. The …
Persistent link: https://www.econbiz.de/10012978071
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Labor Courts, Nomination Bias, and Unemployment in Germany
Berger, Helge - 2006
bias in labor court activity - that is, court activity varies systematically with the political leaning of the government …
Persistent link: https://www.econbiz.de/10012779784
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The Return to College : Selection Bias and Dropout Risk
Hendricks, Lutz - 2014
This paper estimates the effect of graduating from college on lifetime earnings. Motivated by the fact that nearly half of all college students fail to earn a bachelor's degree, we study a model of risky college completion. The central idea is that students drop out of college mainly because...
Persistent link: https://www.econbiz.de/10013054498
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Disentangling Managerial Incentives from a Dynamic Perspective : The Role of Stock Grants
Hili, Amal - 2016
We analyze the optimal contract between a risk-averse manager and the initial shareholders in a two-period model where the manager's investment effort, carried out in period 1, and her current effort, carried out in period 2, both impact the second-period profit, so that it may be difficult to...
Persistent link: https://www.econbiz.de/10012979660
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Contests as Selection Mechanisms : The Impact of Risk Aversion
March, Christoph - 2017
We investigate how individual risk preferences affect the likelihood of selecting the more able contestant within a two-player Tullock contest. Our theoretical model yields two main predictions: First, an increase in the risk aversion of a player worsens her odds unless she already has a...
Persistent link: https://www.econbiz.de/10012949244
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The Influence of Product Liability on Vertical Product Differentiation
Baumann, Florian - 2015
This paper explores the impact of product liability on vertical product differentiation when product safety is perfectly observable. In a two-stage competition, duopolistic firms are subject to strict liability and segment the market such that a low-safety product is marketed at a low price to...
Persistent link: https://www.econbiz.de/10013023185
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Intellectual Property Rights, Product Complexity, and the Organization of Multinational Firms
Naghavi, Alireza; Spies, Julia; Toubal, Farid - 2021
This paper studies how the Intellectual Property Right (IPR) regime in destination countries influences the way multinationals structure the international organization of their production. In particular, we explore how multinationals divide tasks of different complexities across countries with...
Persistent link: https://www.econbiz.de/10013315712
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Explaining the Favorite-Longshot Bias : Is it Risk-Love or Misperceptions?
Snowberg, Erik - 2011
The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates … misperceptions of probability drive the favorite-longshot bias, as suggested by Prospect Theory …
Persistent link: https://www.econbiz.de/10013133607
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International Income Inequality : Measuring PPP Bias by Estimating Engel Curves for Food
Almås, Ingvild - 2010
Purchasing power adjusted incomes applied in cross-country comparisons are measured with bias. In this paper, we … estimate the purchasing power parity (PPP) bias in Penn World Table incomes and provide corrected incomes. The bias is … bias and the bias in consumer price index (CPI) numbers. The PPP bias and subsequent corrected incomes are measured by …
Persistent link: https://www.econbiz.de/10013135914
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Selection Biases in Complementary R&D Projects
Choi, Jay Pil - 2011
bias is persistent and robust to several model extensions. Implications for the optimal design of intellectual property …
Persistent link: https://www.econbiz.de/10013125704