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The economic approach to personality, character and virtue
Heckman, James J.; Galaty, Bridget; Tian, Haihan - 2023
This chapter presents an economic approach to character and personality traits with an application to the study of virtue. Economists interpret psychological traits, including character traits and virtue, as strategies that shape responses to situations (actions) determined by underlying...
Persistent link: https://www.econbiz.de/10014279705
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Construction contracts (or : "how to get the right building at the right price?")
Chakravarty, Surajeet (contributor);  … - 2006
Most contracts that individuals enter into are not written from scratch; rather, they depend upon forms and terms that … have been successful in the past. In this paper, we study the structure of form construction contracts published by the … American Institute of Architects (AIA). We show that these contracts are an efficient solution to the problem of procuring …
Persistent link: https://www.econbiz.de/10003323165
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Control rights in public-private partnerships
Francesconi, Marco (contributor);  … - 2006
impurity is very low as long as one party's investment is more important than the other party's. If the parties' investments … the low-valuation party. If the importance of the parties' investments is similar but the degree of impurity is neither …
Persistent link: https://www.econbiz.de/10003392741
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Contracts between legal persons
Kornhauser, Lewis A.; MacLeod, William Bentley - 2010
the economics literature on contract. The title, Contracts between Legal Persons, limits the review to that part of … ; contract theory ; incomplete contracts …
Persistent link: https://www.econbiz.de/10009312933
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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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Overtime working and contract efficiency
Hart, Robert A.; Ma, Yue - 2013
We present a wage-hours contract designed to minimize costly job turnover given investments in on the job training …
Persistent link: https://www.econbiz.de/10009788790
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United but (un-)equal : human capital, probability of divorce and the marriage contract
Cremer, Helmuth; Pestieau, Pierre; Roeder, Kerstin - 2012
of an efficiency loss. Efficiency can be restored through suitably designed marriage contracts because they can provide …
Persistent link: https://www.econbiz.de/10009674949
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Psychological foundations of incentives
Fehr, Ernst; Falk, Armin - 2002
During the last two decades economists have made much progress in understanding incentives, contracts and organisations …
Persistent link: https://www.econbiz.de/10011411627
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Can reputation discipline the gig economy? : experimental evidence from an online labor market
Benson, Alan; Sojourner, Aaron J.; Umyarov, Akhmed - 2015
In two experiments, we examine the effects of employer reputation in an online labor market (Amazon Mechanical Turk) in which employers may decline to pay workers while keeping their work product. First, in an audit study of employers by a blinded worker, we find that working only for good...
Persistent link: https://www.econbiz.de/10011387537
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Zero-hours contracts in a frictional labor market
Dolado, Juan J.; Lalé, Etienne; Turon, Hélène - 2021
creation, substitution effects - some jobs that are otherwise viable under regular contracts are advertised as ZHCs - are …
Persistent link: https://www.econbiz.de/10012803713