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Consumer standards as a strategic device to mitigate ratchet effects in dynamic regulation
Fiocco, Raffaele; Strausz, Roland - 2014
Strategic delegation to an independent regulator with a pure consumer standard improves dynamic regulation by mitigating ratchet effects associated with short term contracting. A pure consumer standard alleviates the regulator's myopic temptation to raise output after learning the firm is...
Persistent link: https://www.econbiz.de/10010345239
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Strategic delegation in experimental markets
Huck, Steffen; Müller, Wieland; Norman, Hans-Theo - 2000
contracts which determine their managers' salaries. One contract simply gives managers incentives to maximize firm profits …
Persistent link: https://www.econbiz.de/10009781566
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Strategic delegation in the formation of modest international environmental agreements
Spycher, Sarah; Winkler, Ralph - 2020
We reassess the well-known "narrow-but-deep" versus "broad-but-shallow" trade-off in international environmental agreements (IEAs), taking into account the principal-agent relationship induced by the hierarchical structure of international policy. To this end, we expand the modest coalition...
Persistent link: https://www.econbiz.de/10012388125
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Strategic delegation and international permit markets : why linking may fail
Habla, Wolfgang; Winkler, Ralph - 2017
We analyse a principal-agent relationship in the context of international climate policy. Principals in two countries first decide whether to merge domestic emission permit markets to an international market, then delegate the domestic permit supply to an agent. We find that principals select...
Persistent link: https://www.econbiz.de/10011663529
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Does the winner take it all? : redistributive policies and political extremism
Daniele, Gianmarco; Piolatto, Amedeo; Sassen, Wim - 2020
We show that regional heterogeneity of underlying fundamentals (e.g. economic history, geography, social capital) can lead to extreme voting in federations. When the outcome of federal policies – such as transfer schemes, market regulation or migration laws – depends on these fundamentals,...
Persistent link: https://www.econbiz.de/10012200220
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Strategic Corporate Social Responsibility
Planer-Friedrich, Lisa; Sahm, Marco - 2017 - This version: May 29, 2017
We examine the strategic use of Corporate Social Responsibility (CSR) in imperfectly competitive markets. The level of CSR determines the weight a firm puts on consumer surplus in its objective function before it decides upon supply. First, we consider symmetric Cournot competition and show that...
Persistent link: https://www.econbiz.de/10011659485
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Incentives and creativity in groups
Ramm, Joachim; Tjøtta, Sigve; Torsvik, Gaute - 2013
It has been argued that monetary incentives restrain individual creativity and hamper performance in jobs requiring out … also when individuals work together to solve such problems. We do not find a negative impact of incentives on group … performance. As a comparison we ran the same experiment (the Candle Problem) with and without incentives for individuals as well …
Persistent link: https://www.econbiz.de/10009786022
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I spy with my little eye... a banking crisis : early warnings and incentive schemes in banks
Hakenes, Hendrik; Schlegel, Friederike - 2014
incentives to implement such a trigger? We construct a theoretical model of a bank that is financed with debt and equity, and a …. However, we show that the board may implement a contract with insufficient incentives to communicate a warning, as refinancing …
Persistent link: https://www.econbiz.de/10010467356
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Do foreign aid transfers distort incentives and hurt growth? : theory and evidence from 75 aid-recipient countries
Oikonomidēs, Geōrgios; Kalyvitēs, Sarantēs; … - 2004
In this paper, foreign aid transfers can distort individual incentives, and hence hurt growth, by encouraging rent …
Persistent link: https://www.econbiz.de/10011402546
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Back to Kyoto? : US participation and the linkage between R&D and climate cooperation
Buchner, Barbara; Carraro, Carlo; Cersosimo, Igor; … - 2002
&D cooperation. This paper explores this idea by analysing on the one hand the incentives for EU, Japan and Russia to adopt this … strategy, and on the other hand the incentives for the US to join a coalition which cooperates both on climate change control … and R&D) will be examined from the view point of countries profitability and free-riding incentives. Finally, after having …
Persistent link: https://www.econbiz.de/10011409394