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If a previously unpaid activity (donating blood) is paid then we often observe that this activity is reduced. In this paper, it is hypothesised that the price offered is taken as a proxy for the "market value" of the activity. Depending on how the actor valued the activity previously,...
Persistent link: https://www.econbiz.de/10010297251
As skills of labor-market entrants are usually not directly observed by employers, individuals acquire skill signals …. To study which signals are valued by employers, we simultaneously and independently randomize a broad range of skill … signals on pairs of resumes of fictitious applicants among which we ask a large representative sample of German human …
Persistent link: https://www.econbiz.de/10011932928
. We develop a theoretical model of Bayesian learning in which entrepreneurship education generates signals which help …. Our tests of Bayesian updating provide support for the notion that students receive valuable signals and learn about their …
Persistent link: https://www.econbiz.de/10010427773
-talk signals. Next, I characterize the outcomes of arbitrary games without delegation as outcomes of a new game in which principals …
Persistent link: https://www.econbiz.de/10010282913
Modern economic science has become a grand parable, the study of a virtual economic world where the interactive robots engage in mechanical relationships. Although the natural sciences that initially inspired many economists has undergone drastic changes since Newton's era, modern economic...
Persistent link: https://www.econbiz.de/10010324363
Persistent link: https://www.econbiz.de/10011335455
We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. Projects may differ in their value for the designer, and their cost is private information. In this allocation problem, the quantity of procured projects is endogenously determined...
Persistent link: https://www.econbiz.de/10011932892
We show how sanctioning is more effective in increasing cooperation between groups than within groups. We study this using a trust game among ethnically diverse subjects in Afghanistan. In the experiment, we manipulate i) sanctioning and ii) ethnic identity. We find that sanctioning increases...
Persistent link: https://www.econbiz.de/10011932972
We provide evidence on how responsibility-shifting through delegation occurred in China's implementation of the one-child policy. We show that trust in local governments was reduced when they were the primary enforcer of the policy (1979–1990), while trust in neighbors was reduced when...
Persistent link: https://www.econbiz.de/10014467724
Complex systems' approach and methodologies emphasize interactions, diversity and dynamics. Complex systems perspectives also enable public policies to be considered comprehensively and simulated in all their multiplicity of sectors and scales, of cause and effect. This paper attempts to...
Persistent link: https://www.econbiz.de/10012234217