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On the sorting of physicians across medical occupations

Courty, Pascal (contributor); Marschke, Gerald (contributor) - 2008

less exposed to moral hazard risk, face more powerful performance incentives, and are more productive. Under-consumption of … health services relative to the first best allocation increases with occupational (moral hazard) risk. Occupations with risk … health care services offered, the differential impact of malpractice risk across occupations, and the recent growth in …

Persistent link: https://www.econbiz.de/10003782448

Optimal family policy in the presence of moral hazard, when the quantity and quality of children are stochastic

Cigno, Alessandro; Luporini, Annalisa - 2009

We examine the second-best family policy under the assumption that both the number and the future earning capacities of the children born to a couple are random variables with probability distributions conditional on unobservable parental actions. Potential parents take their decisions without...

Persistent link: https://www.econbiz.de/10003847070

Legitimacy of control

Schnedler, Wendelin (contributor); … - 2007

What is the motivational effect of imposing a minimum effort requirement? Agents may no longer exert voluntary effort but merely meet the requirement. Here, we examine how such hidden costs of control change when control is considered legitimate. We study a principal-agent model where control...

Persistent link: https://www.econbiz.de/10003539334

Job assignments under moral hazard : the Peter Principle revisited

Koch, Alexander K. (contributor); … - 2007

The Peter Principle captures two stylized facts about hierarchies: first, promotions often place employees into jobs for which they are less well suited than for that previously held. Second, demotions are extremely rare. Why do organizations not correct 'wrong' promotion decision? This paper...

Persistent link: https://www.econbiz.de/10003635211

Monitoring and prudence

Beltrametti, Luca F.; Cardullo, Gabriele - 2024

monitoring. Workers' stance towards monitoring is ambiguous and depends on risk aversion and the disutility of effort. Our …

Persistent link: https://www.econbiz.de/10014534559

Market distortions and political rent : the case of fertilizer price divergence in Africa

Shimeles, Abebe; Gurara, Daniel Zerfu; Tessema, Dawit … - 2015

We examine the fertilizer retail-import price gap in 14 African countries between 2002 and 2013. This price differential is large and remains persistent even after accounting for changes in the cost of domestic transportation. We hypothesize that these persistent deviations may be indicative of...

Persistent link: https://www.econbiz.de/10010510574

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

Understanding the development of fundamentalism

Gang, Ira N. (contributor); Epstein, Gil S. (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002181612

Employer's information and promotion-seeking activities

Epstein, Gil S. - 2012

This paper presents a model in which promotion of employees within the internal firm hierarchy is determined by the individuals' allocation of time between promotion/rent-seeking and productive activity. We consider the effect of an increase in the employer's knowledge (information) regarding...

Persistent link: https://www.econbiz.de/10009672310

Political culture and discrimination in contests

Epstein, Gil S.; Mealem, Yosef; Nitsan, Shemuʾel - 2010

Many economic and political decisions are the outcome of strategic contests for a given prize. The nature of such contests can be determined by a designer who is driven by political considerations with a specific political culture. The main objective of this study is to analyze the effect of...

Persistent link: https://www.econbiz.de/10009007019