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transfers from parents to children are gifts, and not temporary help to overcome liquidity constraints. Second, inter vivos … gifts are compensatory in the sense that life-time poorer children will receive higher transfers than their life-time richer … siblings. Third, inter vivos gifts do not, however, make up the entire difference in life-time incomes. …
Persistent link: https://www.econbiz.de/10011372976
incentives and wage gifts on creativity. We find that tournaments substantially increase creative output, with no evidence for … crowding out of intrinsic motivation. By comparison, wage gifts are ineffective. Additional treatments show that it is the …
Persistent link: https://www.econbiz.de/10011479746
Persistent link: https://www.econbiz.de/10010191088
buyer) always moves second in the exchange gives higher payoffs than exchangesin which it is randomly determined who moves …
Persistent link: https://www.econbiz.de/10011317472
Without regulation or agreement, public goods are underprovided and public bads are overprovided. Both problems are usually seen as flip sides of the same coin. In this paper we examine a situation where a public good is good for some agents but bad for others, and this preference is endogenous...
Persistent link: https://www.econbiz.de/10014380761
We explore how public opinion polls affect candidates' campaign spending in political competition. Generally, polls lead to (more) asymmetric behavior. Under a majority rule there always exists an equilibrium in which the initially more popular candidate invests more in the campaign and thereby...
Persistent link: https://www.econbiz.de/10010224792
Persistent link: https://www.econbiz.de/10009722683
We augment the standard cartel formation game from non-cooperative coalition theory, often applied in the context of international environmental agreements on climate change, with the possibility that singletons support coalition formation without becoming coalition members themselves. Rather,...
Persistent link: https://www.econbiz.de/10010477108
Government agencies typically have a certain freedom to choose among different possible courses of action. This paper studies agency decision-making on priorities in a principal-agent framework with multi-tasking. The agency head (the principal) has discretion over part of the agency's budget to...
Persistent link: https://www.econbiz.de/10010532608
Power is a core concept in the analysis and design of organisations. In this paper we consider positional power in hierarchies. One of the problems with the extant literature on positional power in hierarchies is that it is mainly restricted to the analysis of power in terms of the bare...
Persistent link: https://www.econbiz.de/10011372509