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Do workers benefit from resource booms in their home state? : evidence from the fracking era
Winters, John V.; Cai, Zhengyu; Maguire, Karen; … - 2019
Fracking innovations revolutionized the United States oil and gas industry and facilitated a boom in energy production in states with oil and gas resources. This paper examines effects of oil and gas booms within a state on individual employment and earnings. To account for endogenous migration...
Persistent link: https://www.econbiz.de/10012117023
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Energy boom and gloom? : local effects of oil and natural gas drilling on subjective well-being
Maguire, Karen; Winters, John V. - 2016
The United States experienced a considerable increase in oil and natural gas extraction in recent years due to technological advancements including horizontal drilling and hydraulic fracturing. Increased energy development likely creates both benefits and costs, but the net effects for local...
Persistent link: https://www.econbiz.de/10011455295
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Is shale development drilling holes in the human capital pipeline?
Rickman, Dan S.; Wang, Hongbo; Winters, John V. - 2016
Using the Synthetic Control Method (SCM) and a novel method for measuring changes in educational attainment we examine the link between educational attainment and shale oil and gas extraction for the states of Montana, North Dakota, and West Virginia. The three states examined are...
Persistent link: https://www.econbiz.de/10011449861
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The performance of performance standards
Heckman, James J.; Heinrich, Carolyn J.; Smith, Jeffrey A. - 2002
This paper examines the performance of the JTPA performance system, a widely emulated model for inducing efficiency in government organizations. We present a model of how performance incentives may distort bureaucratic decisions. We define cream skimming within the model. Two major empirical...
Persistent link: https://www.econbiz.de/10011412037
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Can contracts signal social norms? : experimental evidence
Danilov, Anastasia; Sliwka, Dirk - 2013
We investigate whether incentive schemes signal social norms and thus affect behavior beyond their direct economic consequences. A principal-agent experiment is studied in which prior to contract choice principals are informed about past actions of other agents and thus have more information...
Persistent link: https://www.econbiz.de/10009765609
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Strategic incomplete contracts : theory and experiments
Erkal, Nisvan; Wu, Steven Y.; Roe, Brian - 2014
We develop a model of strategic contractual incompleteness that identifies conditions under which principals might omit even costlessly verifiable terms. We then use experiments to test comparative statics predictions of the model. While it is well known that verifiability imperfections can...
Persistent link: https://www.econbiz.de/10010457849
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More than the money : payoff-irrelevant terms in relational contracts
Cromwell, Erich; Goerg, Sebastian J.; Ziółkowska, Monika - 2018
We investigate how payoff-irrelevant terms can negatively impact relational contracts. In a lab experiment we compare two economically equivalent contracts - a fixed-term renewable and an open-ended at-will contract. Each contract provides partners with full flexibility regarding the length and...
Persistent link: https://www.econbiz.de/10011893426
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Resource allocation and firm scope
Friebel, Guido (contributor); Raith, Michael (contributor) - 2006
We develop a theory of firm scope in which integrating two firms into one facilitates the allocation of resources, but … leads to weaker incentives for effort, compared with non-integration. Our theory makes minimal assumptions about the … integration or non-integration is optimal. Our theory thus provides a simple answer to Williamson's selective-interventionʺ puzzle …
Persistent link: https://www.econbiz.de/10003464116
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Energy prices, pass-through, and incidence in U.S. manufacturing
Ganapati, Sharat; Shapiro, Joseph S.; Walker, Reed - 2016
This paper studies how increases in energy input costs for production are split between consumers and producers via changes in product prices (i.e., pass-through). We show that in markets characterized by imperfect competition, marginal cost pass-through, a demand elasticity, and a price-cost...
Persistent link: https://www.econbiz.de/10011476284
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Physicians' multitasking and incentives: empirical evidence from a natural experiment
Dumont, Etienne; Fortin, Bernard; Jacquemet, Nicolas; … - 2007
Quebec government (Canada) introduced an optional mixed compensation system, combining a fixed per diem with a discounted …
Persistent link: https://www.econbiz.de/10003646698