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Drawing upon data from the largest cross-country study of labor market concentration to date, this paper analyzes the level of concentration of labor input markets in Europe and North America and provides a comparative perspective on employers' monopsony power. It explores the characteristics of...
Persistent link: https://www.econbiz.de/10013415712
Second World War, the Allies occupying Germany imposed the breakup because of IG Farben's importance for the German war …
Persistent link: https://www.econbiz.de/10013358717
is much less sophisticated than that characterised by modern microeconomic theory. …
Persistent link: https://www.econbiz.de/10010355706
Using field and laboratory experiments, we demonstrate that the complexity of incentive schemes and worker bounded rationality can affect effort provision, by shrouding attributes of the incentives. In our setting, complexity leads workers to over-provide effort relative to a fully rational...
Persistent link: https://www.econbiz.de/10014311541
Persistent link: https://www.econbiz.de/10002181992
learning model with the theory of rational inattention introduced by Sims (2006). In the model firms optimally allocate …
Persistent link: https://www.econbiz.de/10009300804
mechanism should - in theory - provide incentives for truth-telling, many buyers in fact believe that they can increase their …
Persistent link: https://www.econbiz.de/10010510004
We propose an extension of Tversky's lexicographic semiorder to a model of boundedly rational choice. We explore the connection with sequential rationalisability of choice, and we provide axiomatic characterisations of both models in terms of observable choice data. -- Lexicographic semiorders ;...
Persistent link: https://www.econbiz.de/10003818077
People use information about their ability to choose tasks. If more challenging tasks provide more accurate information about ability, people who care about and who are risk averse over their perception of their own ability will choose tasks that are not sufficiently challenging. Overestimation...
Persistent link: https://www.econbiz.de/10003872716
Many decision models in marketing science and psychology assume that a consumer chooses by proceeding sequentially through a checklist of desirable properties. These models are contrasted to the utility maximization model of rationality in economics. We show on the contrary that the two...
Persistent link: https://www.econbiz.de/10003656945