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fractions of work are performed at night and on weekends. -- Labor demand ; time use ; wage penalty …
Persistent link: https://www.econbiz.de/10003784408
In this paper we formulate and investigate experimentally a model of how individuals choose between time sequences of … association between 'irrational' choices. -- time preference ; time sequences ; negative discounting …
Persistent link: https://www.econbiz.de/10003323162
We document that, over the 20th century, age at first marriage followed a U-shaped pattern, while the gender education gap tracked an inverted-U path in the United States. To explain this, we propose a multi-period frictionless matching model where educational and marriage decisions are...
Persistent link: https://www.econbiz.de/10011450348
Persistent link: https://www.econbiz.de/10001991290
predictive content of the traditional theory of competitive supply. A number of key results in the deterministic theory follow as … predictive content of the classical theory of competitive firm behavior from its a priori roots in profit maximization, while … subsuming the traditional theory as a special case. -- Supply aggregation ; stochastic supply function ; stochastic consistency …
Persistent link: https://www.econbiz.de/10003810898
Despite being a fixture of everyday life in the Arab world, wasta, which may be thought of as special influence by members of the same group or tribe, has received little attention from social scientists. Our casual empiricism suggests that wasta is an important determinant of how economic...
Persistent link: https://www.econbiz.de/10009708693
modern compensation theory, but has not been extended to organization theory. The perspective sheds new light on several … topics in the theory of the firm, like the boundaries of the firm, the importance of fairness concerns within firms, the … attenuation of incentives, or the role of routines and incentives. It implies a perceptional theory of the firm that is realistic …
Persistent link: https://www.econbiz.de/10009238549
This paper offers a rationale for limiting the delegation of (real) authority, which neither relies on insurance arguments nor depends on ownership structure. We analyse a repeated hidden action model in which the actions of a risk neutral agent determine his future outside option. Consequently,...
Persistent link: https://www.econbiz.de/10011410683
Persistent link: https://www.econbiz.de/10001744052
Persistent link: https://www.econbiz.de/10001799659