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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

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

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

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

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

Free-riding and knowledge spillovers in teams : the role of social ties

De Paola, Maria; Gioia, Francesca; Scoppa, Vincenzo - 2016

basis of individual performance and the other graded on the basis of the team performance. We find that students assigned to … socially connected teams perform significantly better than control students in both the team part and the individual part of …

Persistent link: https://www.econbiz.de/10011543736

Optimal incentive contracts under inequity aversion

Englmaier, Florian (contributor); Wambach, Achim (contributor) - 2005

contract theory and are more in line with empirical findings than standard results. We find: First, inequity aversion alters … simple rationale for team based incentives in many environments. Fourth, the Sufficient Statistics Result is violated …. Dependent on the environment, optimal contracts may be either overdetermined or incomplete. -- contract theory ; linear …

Persistent link: https://www.econbiz.de/10003011503

Black sheep and walls of silence

Mühlheußer, Gerd (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002093478

Social norms and economic incentives in firms

Huck, Steffen; Kübler, Dorothea; Weibull, Jörgen W. - 2010

a simple model of team production we examine the interplay of different types of contracts with social norms. We show …

Persistent link: https://www.econbiz.de/10009154576

Profit sharing and workplace productivity : does teamwork play a role?

Long, Richard J.; Fang, Tony - 2013

The conditions under which profit sharing affects workplace productivity have never been fully understood. Using panel data, this paper examines whether there is any link between adoption of an employee profit sharing plan and subsequent productivity growth in Canadian establishments, and...

Persistent link: https://www.econbiz.de/10010229935