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Fair pay and a wagebill argument for wage rigidity and excessive employment variability

Thomas, Jonathan P. - 2000

the information available to workers, it is shown that wages are less flexible than needed for efficient employment levels …

Persistent link: https://www.econbiz.de/10009781504

Do people value more informative news?

Chopra, Felix; Haaland, Ingar; Roth, Christopher - 2019

We examine whether the desire for more information is people's dominant motive for reading economic and political news … experimentally vary people's beliefs about the informativeness of news. Inconsistent with the desire for more information being the … information reduce their demand for news from this newspaper. Furthermore, treated respondents who think that a news outlet is …

Persistent link: https://www.econbiz.de/10012156434

Finance, labour, capital, and international integration

Bertola, Giuseppe - 2016

Labour incomes depend on structural as well as politico-economic factors, because labour market policies partially remedy the financial market imperfections that make labour income shocks difficult to insure, and have different implications for labour and capital income. This paper illustrates...

Persistent link: https://www.econbiz.de/10011444492

Private monitoring, collusion and the timing of information

Khalil, Fahad; Lawarrée, Jacques; Scott, Troy J. - 2013

When the information used by a principal to monitor an agent is private, and thus non-verifiable by a third party, the … information in order to collect a monetary penalty from him. Restoring credibility may lead to an extreme waste of resources … efficient outcome is feasible by exploiting the timing of private information. If the private information arrives before the …

Persistent link: https://www.econbiz.de/10010212662

Voting advice applications and elections

Benesch, Christine; Heim, Rino L.; Schelker, Mark; … - 2021

and electoral outcomes. The Swiss context offers an ideal setting to identify the causal effects of online information …

Persistent link: https://www.econbiz.de/10012421257

Temporary layoffs and unemployment insurance : is experience rating desirable?

Fath, Julia; Fuest, Clemens - 2002

This paper explores how the introduction of an experience rated system of unemployment insurance affects employment and welfare in a model where implicit contracts between firms and workers give rise to wage rigidities and unemployment. In the literature, it has been argued that experience rated...

Persistent link: https://www.econbiz.de/10011409017

Implicit vs. explicit incentives : theory and a case study

Demougin, Dominique; Fabel, Oliver; Thomann, Christian - 2009

We derive the optimal contract between a principal and a liquidity-constrained agent in a stochastically repeated environment. The contract comprises a court-enforceable explicit bonus rule and an implicit fixed salary promise that must be self-enforcing. Since the agent's rent increases with...

Persistent link: https://www.econbiz.de/10003850322

The threat of exclusion and implicit contractin

Brown, Martin; Serra-Garcia, Marta - 2016

Implicit contracts can mitigate moral hazard in labor, credit and product markets. The enforcement mechanism underlying an implicit contract is the threat of exclusion: the agent fears that he will lose future income if the principal breaks off the relationship. This threat may be very weak in...

Persistent link: https://www.econbiz.de/10011540779

Commitment to pay taxes : a field experiment on the importance of promise

Koessler, Ann-Kathrin; Torgler, Benno; Feld, Lars P.; … - 2016

The ability of a tax authority to successfully collect taxes depends critically on both its relationship with the taxpayers and how strongly these taxpayers are committed to contributing to the common good. We present evidence on a new non-intrusive approach aimed at fostering the commitment to...

Persistent link: https://www.econbiz.de/10011565549

Gift-giving, quasi-credit and reciprocity

Thomas, Jonathan P.; Worrall, Timothy - 2002

The fluctuations in incomes inherent in rural communities can be attenuated by reciprocal insurance. We develop a model of such insurance based on self-interested behaviour and voluntary participation. One individual assists another only if the costs of so doing are outweighed by the benefits...

Persistent link: https://www.econbiz.de/10011409391

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