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Monetary persistence and the labor market : a new perspective

Lechthaler, Wolfgang; Merkl, Christian; Snower, Dennis J. - 2010

model, incorporating labor market frictions in the form of hiring and firing costs. We show that such a model is able to … the standard search and matching model. -- monetary persistence ; labor market ; hiring and firing costs …

Persistent link: https://www.econbiz.de/10003937114

Lies in disguise : a theoretical analysis of cheating

Dufwenberg, Martin <Jr>; Dufwenberg, Martin - 2016

We perform a (psychological) game-theoretic analysis of cheating in the setting proposed by Fischbacher & Föllmi-Heusi (2013). The key assumption, which we refer to as perceived cheating aversion, is that the decision maker derives disutility in proportion to the amount in which he is perceived...

Persistent link: https://www.econbiz.de/10011566513

Reciprocity networks and the participation problem

Dufwenberg, Martin; Patel, Amrish - 2014

Reciprocity can be a powerful motivation for human behaviour. Scholars argue that it is relevant in the context of private provision of public goods. We examine whether reciprocity can resolve the associated coordination problem. The interaction of reciprocity with cost-sharing is critical....

Persistent link: https://www.econbiz.de/10010383392

Envy, guilt, and the Phillips curve

Ahrens, Steffen; Snower, Dennis J. - 2012

We incorporate inequity aversion into an otherwise standard New Keynesian dynamic equilibrium model with Calvo wage contracts and positive inflation. Workers with relatively low incomes experience envy, whereas those with relatively high incomes experience guilt. The former seek to raise their...

Persistent link: https://www.econbiz.de/10009488916

Cooperation, motivation and social balance

Bosworth, Steven; Singer, Tania; Snower, Dennis J. - 2016

This paper examines the reflexive interplay between individual decisions and social forces to analyze the evolution of cooperation in the presence of "multi-directedness," whereby people's preferences depend on their psychological motives. People have access to multiple, discrete motives....

Persistent link: https://www.econbiz.de/10011431001

Multitasking and wages

Görlich, Dennis; Snower, Dennis J. - 2013

within education groups, our theory helps to explain (1) rising wage inequality between groups, and (2) rising wage …

Persistent link: https://www.econbiz.de/10009765032

Worker identity, employment fluctuations and stabilization policy

Lechthaler, Wolfgang; Snower, Dennis J. - 2013

This paper provides a model of "social hysteresis", whereby long, deep recessions demotivate workers and thereby lead them to change their work ethic. In switching from a pro-work to an anti-work identity, their incentives to seek and retain work fall and consequently their employment chances...

Persistent link: https://www.econbiz.de/10009753001

The firm as a pool of factor complementarities

Lindbeck, Assar; Snower, Dennis J. - 2003

Persistent link: https://www.econbiz.de/10009763532

The division of labor and the market for organizations

Lindbeck, Assar; Snower, Dennis J. - 2000

Persistent link: https://www.econbiz.de/10009763540

A theory of price adjustment under loss aversion

Ahrens, Steffen; Pirschel, Inske; Snower, Dennis J. - 2014

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … an otherwise standard dynamic neoclassical model of monopolistic competition. The resulting theory of price adjustment is …

Persistent link: https://www.econbiz.de/10010354159