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institutions and governance on environmental policy, environmental outcomes, and investments. The paper describes how the … opportunities for empirical work that have recently emerged with the growing availability of data in the field of green investments …
Persistent link: https://www.econbiz.de/10011485706
although risk can be measured, uncertainty cannot be measured. Even though risk can be measured, a simple symmetric measure … attempt at "measuring" risk or (fundamental) uncertainty is flawed. …
Persistent link: https://www.econbiz.de/10011543578
) we vary three payoff indices. Indices of risk and temptation capture the unilateral incentives to defect against … reduces cooperation. In neither study, nor in either subject pool of our second study, do we find a significant effect of risk. …
Persistent link: https://www.econbiz.de/10012705584
rate contracts in the presence of output risk, and provide novel insights that reference dependent preferences affect the … tradeoff between risk and incentives. Subjects in our experiments choose their compensation for performing a real-effort task … from a menu of linear piece rate and fixed payment combinations. As classical principal-agent models predict, more risk …
Persistent link: https://www.econbiz.de/10012698074
increases in risk taking. Where we can separately identify changes in risk-independent performance and risk taking, our … increases in risk taking. These effects are concentrated among those closest to the margin of elimination and among lower …
Persistent link: https://www.econbiz.de/10011731884
Persistent link: https://www.econbiz.de/10014320441
Persistent link: https://www.econbiz.de/10000955350
This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves over time as a Geometric Brownian motion. A key result...
Persistent link: https://www.econbiz.de/10003719624
Persistent link: https://www.econbiz.de/10003740044
Risk-averse job seekers fearing the scarring effect of unemployment meet vacancies offering contractual employment … risk and the scarring risk of unemployment. SPC diversify the income risk, but provide only limited protection against the … scarring risk. (1) Workers strictly prefer contract market to spot market jobs. (2) A higher productivity, a lower probability …
Persistent link: https://www.econbiz.de/10003158655