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The optimal minimum wage with regulatory uncertainty
Bennett, John; Chioveanu, Ioana - 2015
For two different regulatory standards, we examine the optimal minimum wage in a competitive labour market when the government is uncertain about supply and demand. Solutions are related to underlying supply and demand conditions, and the extent of uncertainty and of rationing efficiency. We...
Persistent link: https://www.econbiz.de/10011407940
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Rent building, rent sharing : a panel country-industry empirical analysis
Askenazy, Philippe; Cette, Gilbert; Maarek, Paul - 2012
, decrease with anti-competitive regulation in upstream sectors and increase with the industry specific output gap; ii) decrease … with the national output gap, increase with the national employment rate and decrease with employment protection regulation …
Persistent link: https://www.econbiz.de/10009534964
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Sharing rule identification for general collective consumption models
Cherchye, Laurens; Rock, Bram de; Lewbel, Arthur; … - 2012
We propose a method to identify bounds (i.e. set identification) on the sharing rule for a general collective household consumption model. Unlike the effects of distribution factors, it is well known that the level of the sharing rule cannot be uniquely identified without strong assumptions on...
Persistent link: https://www.econbiz.de/10009539180
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Optimal commodity taxation and redistribution within households
Bargain, Olivier; Donni, Olivier - 2011
Using a collective model of consumption, we characterize optimal commodity taxes aimed at targeting specific individuals within the household. The main message is that distortionary indirect taxation can circumvent the agency problem of the household. Essentially, taxation should discourage less...
Persistent link: https://www.econbiz.de/10009235597
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Market distortions and political rent : the case of fertilizer price divergence in Africa
Shimeles, Abebe; Gurara, Daniel Zerfu; Tessema, Dawit … - 2015
market imperfections is enhanced by a closer examination of the role of governance and regulation. The study illustrates this …
Persistent link: https://www.econbiz.de/10010510574
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Peace, terrorism, or civil conflict? : understanding the decision of an opposition group
Jetter, Michael - 2016
When do opposition groups decide to mount a terrorism campaign and when do they enter an open civil conflict against the ruling government? This paper models an opposition group's choice between peace, terrorism, and open conflict. Terrorism emerges if executive constraints are intermediate and...
Persistent link: https://www.econbiz.de/10011493846
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Economic surplus and derived demand
Schlicht, Ekkehart (contributor) - 2006
Most demand -- especially labor demand -- is derived from the demand for some other product. This note demonstrates that the usual analysis of economic rent, as typically explained for the case of consumers' surplus, carries over to the case of derived demand. -- derived demand ; indirect demand...
Persistent link: https://www.econbiz.de/10003333109
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On measuring uncertainty : snakes and ladders
Junankar, Pramod N. - 2016
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
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Risk, temptation, and efficiency in the one-shot prisoner's dilemma
Gächter, Simon; Lee, Kyeongtae; Sefton, Martin; Weber, … - 2021
) 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
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Reference points and the tradeoff between risk and incentives
Dohmen, Thomas; Non, Jan Adrianus; Stolp, Tom - 2021
We conduct laboratory experiments to investigate basic predictions of principal-agent theory about the choice of piece … 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 …
Persistent link: https://www.econbiz.de/10012698074