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Employment Flexibility and Capital Structure : Evidence from a Natural Experiment

Kuzmina, Olga - 2018

I exploit the variation in labor market programs in Spain to show that the use of more flexible (shorter and cheaper-to-fire) employment contracts increases a firm's debt capacity by reducing its operating leverage and probability of default. I use specific institutional features to separate...

Persistent link: https://www.econbiz.de/10012938367

Dynamic Matching in School Choice : Efficient Seat Reassignment after Late Cancellations

Feigenbaum, Itai - 2019

In the school choice market, where scarce public school seats are assigned to students, a key operational issue is how to reassign seats that are vacated after an initial round of centralized assignment. Practical solutions to the reassignment problem must be simple to implement, truthful and...

Persistent link: https://www.econbiz.de/10012901647

Design of Lotteries and Waitlists for Affordable Housing Allocation

Arnosti, Nick - 2019

We study a setting in which dynamically arriving items are assigned to waiting agents, who have heterogeneous values for distinct items and heterogeneous outside options. An ideal match would both target items to agents with the worst outside options, and match them to items for which they have...

Persistent link: https://www.econbiz.de/10012901937

Self-Reporting Schemes and Corporate Crime

Angelucci, Charles - 2020

We study the design of self-reporting schemes for corporate crimes. We model a welfare-maximizing authority and a continuum of firms, where each firm has one employer and one employee. Employees decide whether to take an action beneficial to themselves but harmful to their employer and society....

Persistent link: https://www.econbiz.de/10012855487

Activist Directors and Agency Costs : What Happens When an Activist Director Goes on the Board?

Coffee, John C. - 2018

Persistent link: https://www.econbiz.de/10012930453

Tacit Lobbying Agreements : An Experimental Study

Grosser, Jens; Reuben, Ernesto; Tymula, Agnieszka - 2011

We experimentally study the common wisdom that money buys political influence. In the game, one lobbyist has the opportunity to influence redistributive tax policies in her favor by transferring money to two competing candidates. The success of the lobbying investment depends on whether or not...

Persistent link: https://www.econbiz.de/10014042777

Hedging Your Bets : Uncertainty About Continued Success Reduces People's Desire for High Procedural Fairness

Brockner, Joel - 2011

procedural fairness. The results of five studies unearthed a boundary condition for this general tendency. People who experienced … non-contingent success had less of a desire to be treated with higher procedural fairness relative to their counterparts … relationship between success contingency and fairness preferences and found, as predicted, that the relationship was stronger when …

Persistent link: https://www.econbiz.de/10013121400

Algorithmic Fairness and Economics

Cowgill, Bo - 2020

We develop an economic perspective on algorithmic fairness and the surrounding empirical, theoretical and policy issues …

Persistent link: https://www.econbiz.de/10012849732

How Multiple Anchors Affect Judgment : Evidence from the Lab and eBay

Zhang, Yan - 2015

The vast majority of anchoring research has found that judgments assimilate toward single anchors, but no papers have directly compared the impact of one anchor with that of multiple anchors. We hypothesized that the presence of additional anchors can reverse the usual anchoring effect. When one...

Persistent link: https://www.econbiz.de/10013031722

Reflections on the Replication Corner : In Praise of Conceptual Replications

Lynch, John G.; Bradlow, Eric; Huber, Joel C.; Lehmann, … - 2015

We contrast the philosophy guiding the Replication Corner at IJRM with replication efforts in psychology. Psychology has promoted ”exact” or “direct” replications, reflecting an interest in statistical conclusion validity of the original findings. Implicitly, this philosophy treats...

Persistent link: https://www.econbiz.de/10014133081