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Intention-based reciprocity and the hidden costs of control
Siemens, Ferdinand von - 2011
Empirical research suggests that - rather than improving incentives - exerting control can reduce workers' performance by eroding motivation. The present paper shows that intention-based reciprocity can cause such motivational crowding-out if individuals differ in their propensity for...
Persistent link: https://www.econbiz.de/10009272298
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Diagnostic uncertainty and insurance coverage in credence goods markets
Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2020
net effect on welfare. In the experiment, the net effect of insurance coverage on efficiency turns out to be positive. We …
Persistent link: https://www.econbiz.de/10012312079
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Distributional effects of surging housing costs under Schwabe's law
Grossmann, Volker; Larin, Benjamin; Löfflad, Hans Torben; … - 2019
for wealth inequality and welfare. We employ a frictionless two-sectoral macroeconomic model with a housing sector to … investigate the dynamics of wealth inequality and the determinants of welfare. Households have non-homothetic preferences … by 0.7 percentage points (measured by the top 10 percent share). Average welfare increases by 0.5 percent. The household …
Persistent link: https://www.econbiz.de/10012026424
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Transparency is overrated : communicating in a coordination game with private information
Cabrales, Antonio; Drouvelis, Michalis; Gurguc, Zeynep; … - 2017
higher payoffs in the game when the talk is one-way as the truthful reports facilitate desired coordination. …
Persistent link: https://www.econbiz.de/10011761639
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Norms and the evolution of leaders' followership
Cabrales, Antonio; Hauk, Esther - 2022
In this paper we model the interaction between leaders, their followers and crowd followers in a coordination game with …
Persistent link: https://www.econbiz.de/10013285659
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Kantian optimization with quasi-hyperbolic discounting
Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2022
We consider a neoclassical growth model with quasi-hyperbolic discounting under Kantian optimization: each temporal self acts in a way that they would like every future self to act. We introduce the notion of a Kantian policy as an outcome of Kantian optimization in a given class of policies. We...
Persistent link: https://www.econbiz.de/10013255890
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The macroeconomic effects of longevity risk under private and public insurance and asymmetric information
Heijdra, Ben J.; Jiang, Yang; Mierau, Jochen O. - 2017
- which is immune to adverse selection - affects capital accumulation and individual welfare depending on its size and on the …
Persistent link: https://www.econbiz.de/10011761551
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Motivated beliefs and the elderly's Compliance With Covid-19 Measures
Siemens, Ferdinand von - 2021
Although the elderly are more vulnerable to COVID-19, the empirical evidence suggests that they do not behave more cautiously in the pandemic than younger individuals. This theoretical model argues that some individuals might not comply with the COVID-19 measures to reassure themselves that they...
Persistent link: https://www.econbiz.de/10012417456
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Bargaining and conflict with up-front investments : how power asymmetries matter
Schaller, Zachary; Skaperdas, Stergios - 2019
We examine settings - such as litigation, labor relations, or arming and war - in which players first make non-contractible up-front investments to improve their bargaining position and gain advantage for possible future conflict. Bargaining is efficient ex post, but we show that a player may...
Persistent link: https://www.econbiz.de/10012156576
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Contesting fake news
Rehsmann, Daniel; Roussillon, Béatrice; Schweinzer, Paul - 2023
We model competition on a credence market governed by an imperfect label, signaling high quality, as a rank-order tournament between firms. In this market interaction, asymmetric firms jointly and competitively control the underlying quality ranking's precision by releasing individual...
Persistent link: https://www.econbiz.de/10014336462