Showing 1 - 10 of 2,354
Persistent link: https://www.econbiz.de/10000122444
liquidity. The socially optimal demandable debt contract limits inessential runs by targeting a high rollover yield. However …
Persistent link: https://www.econbiz.de/10011556199
awarded irrespective of whether national law treats the case under tort or contract (where compensation is undisputed …
Persistent link: https://www.econbiz.de/10011349187
Persistent link: https://www.econbiz.de/10002982923
This paper studies the desirability of programmable payments where transfers are automatically executed conditional upon preset objective criteria. We do so by studying optimal payment arrangements in a framework that captures a wide range of economic relationships between two parties. Our...
Persistent link: https://www.econbiz.de/10013413524
Persistent link: https://www.econbiz.de/10010191379
these two variants to play. Theory predicts that subjects will choose the payoff dominated game (representing a bad explicit … contract), because this game better sustains (implicit) relational incentives backed by either reputational or reciprocity …
Persistent link: https://www.econbiz.de/10011378080
on job search activity. Worker's willingness to pay for the remaining duration of the employment contract is derived. We … provide evidence that workers attach substantial value to the remaining contract duration. A temporary worker with a remaining … contract of six months is willing to pay about 10% of the monthly wage to increase the contract by one month. …
Persistent link: https://www.econbiz.de/10011346490
Though a lot of work has been done on the distribution of job tenures, we are still uncertain about its main determinants.In this paper, we stress random shocks to match productivity after the start of an employment relation.The specificity of investment makes hiring and separation decisions...
Persistent link: https://www.econbiz.de/10011302603
One major argument to legitimize the transfer system in European club football is that transfer fees paid by hiring clubs result in a redistribution of revenues from large market to small market clubs, which may lead to more intense on-field competition. We investigate this claim using a unique...
Persistent link: https://www.econbiz.de/10012233325