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Market distortions and local indeterminacy : a general approach
Lloyd-Braga, Teresa; Modesto, Leonor; Seegmuller, Thomas - 2011
We provide a methodology to study the role of market distortions on the emergence of indeterminacy and bifurcations. Most of the specific market imperfections considered in the related literature are particular cases of our framework. Comparing them we obtain several equivalence results in terms...
Persistent link: https://www.econbiz.de/10009235089
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Unions, increasing returns and endogenous fluctuations
Modesto, Leonor; Lloyd-Braga, Teresa; Coimbra, Rui - 2000
We analyse the implications of unions (efficient bargaining) for multiplicity of stationary states and welfare, local indeterminacy, bifurcations and endogenous fluctuations (deterministic and stochastic). We use an overlapping generations model with external increasing returns to scale, where...
Persistent link: https://www.econbiz.de/10011339688
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Tipping and residential segregation : a unified schelling model
Zhang, Junfu - 2009
This paper presents a Schelling-type checkerboard model of residential segregation formulated as a spatial game. It shows that although every agent prefers to live in a mixed-race neighborhood, complete segregation is observed almost all of the time. A concept of tipping is rigorously defined,...
Persistent link: https://www.econbiz.de/10003898061
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How diverse can spatial measures of cultural diversity be? : results from Monte Carlo simulations of an agent-based model
Arribas-Bel, Daniel; Nijkamp, Peter; Poot, Jacques - 2014
Cultural diversity is a complex and multi-faceted concept. Commonly used quantitative measures of the spatial distribution of culturally-defined groups – such as segregation, isolation or concentration indexes - are often only capable of identifying just one aspect of this distribution. The...
Persistent link: https://www.econbiz.de/10010369838
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Institution formation and cooperation with heterogeneous agents
Kube, Sebastian; Schaube, Sebastian; … - 2014
Driven by an ever-growing number of studies that explore the effectiveness of institutional mechanisms meant to mitigate cooperation problems, recent years have seen an increasing interest in the endogenous implementation of these institutions. In this paper, we test within a unified framework...
Persistent link: https://www.econbiz.de/10010414346
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Worker self-selection and the profits from cooperation
Kosfeld, Michael (contributor);  … - 2008
We investigate a competitive labor market with team production. Workers differ in their motivation to exert team effort … weakly lower wages. -- Team work ; self-selection …
Persistent link: https://www.econbiz.de/10003784391
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Mutual monitoring in teams : theory and experimental evidence on the importance of reciprocity
Carpenter, Jeffrey P. (contributor);  … - 2006
requires reasonably accurate public information concerning the behavior of each player. We provide a model of team production … willingness of some team members to engage in the costly punishment of shirkers. This alternative does not require small group … reciprocity in teams. -- team production ; public good ; monitoring ; punishment ; experiment …
Persistent link: https://www.econbiz.de/10003314674
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Social interaction, co-worker altruism, and incentives
Dur, Robert A. J.; Sol, Joeri - 2009
damage the work climate. We show that both team incentives and relative incentives can help to create a good work climate …
Persistent link: https://www.econbiz.de/10003909134
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Competition, cooperation, and corporate culture
Kosfeld, Michael (contributor);  … - 2007
team work if their co-workers do the same. We show that there is no pooling in equilibrium, and that workers self …-select into firms that differ in their incentives as well as their resulting level of team work. Our model can explain why firms …
Persistent link: https://www.econbiz.de/10003603601
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Team governance : empowerment or hierarchical control
Friebel, Guido (contributor);  … - 2007
We investigate a team setting in which workers have different degrees of commitment to the outcome of their work. We … show that if there are complementarities in production and if the team manager has some information about team members … identifies that team governance is driven by the importance of tasks that cannot be monitored. The more important these tasks …
Persistent link: https://www.econbiz.de/10003578893