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predictive content of the traditional theory of competitive supply. A number of key results in the deterministic theory follow as … predictive content of the classical theory of competitive firm behavior from its a priori roots in profit maximization, while … subsuming the traditional theory as a special case. -- Supply aggregation ; stochastic supply function ; stochastic consistency …
Persistent link: https://www.econbiz.de/10003810898
This chapter reviews the recent theoretical and empirical economic literature on migrants' remittances. It is divided between a microeconomic section on the determinants of remittances and a macroeconomic section on their growth effects. At the micro level we first present in a fully harmonized...
Persistent link: https://www.econbiz.de/10002693330
Implementing performance pay requires that workers' output be measured. When measurement costs differ among firms, those with a measurement cost advantage choose to implement performance pay. They attract the best workers, and both the level and variability of compensation are higher at these...
Persistent link: https://www.econbiz.de/10003539338
We report the results of a field experiment with bicycle messengers in Switzerland and the United States. Messenger … Switzerland and that entering messengers must work in performance pay firms in the U.S. We find that the erosion of cooperation …
Persistent link: https://www.econbiz.de/10003292055
Persistent link: https://www.econbiz.de/10001943994
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Switzerland. Using a novel dataset that links official census data on adult education to longitudinal register data on labor …
Persistent link: https://www.econbiz.de/10013414731
This paper provides an overview of the relationship between economics and religion. It first considers the effects of economic incentives in the religious marketplace on consumers’ demand for "religion." It then shows how this demand affects religious institutions and generates a supply of...
Persistent link: https://www.econbiz.de/10003950733
It is generally believed that the structural reforms that usher in competition and force companies to become more efficient were introduced later in India following the macroeconomic crisis in 1991. However, whether the post-1991 growth is an outcome of more efficient use of resources or greater...
Persistent link: https://www.econbiz.de/10003656923
; conditional local IV ; active labour market policy ; state borders ; geographic variation ; Switzerland ; Fuller estimator …
Persistent link: https://www.econbiz.de/10003328060