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The inclination of individuals to improve their performance when it lags behind that of others with whom they naturally compare themselves can be harnessed to optimize the individuals' effort in work and study. In a given set of individuals, we characterize each individual by his relative...
Persistent link: https://www.econbiz.de/10012419100
This paper studies how asymmetric information over inputs affects workers' response to incentives and self-selection at the workplace. Using daily records from a Peruvian egg production plant, we exploit a sudden change in the worker salary structure and find that workers' effort, firm profits,...
Persistent link: https://www.econbiz.de/10012147088
Most demand -- especially labor demand -- is derived from the demand for some other product. This note demonstrates … case of derived demand. -- derived demand ; indirect demand ; consumers's surplus ; economic rent …
Persistent link: https://www.econbiz.de/10003333109
-constrained consumers' access to financial markets make demand insensitive to interest rate fluctuations. The demand of credit … price sector influence aggregate demand and, for monetary policy to have its desired effect, the central bank has to …
Persistent link: https://www.econbiz.de/10008810538
The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated … the growing literature on models used to study demand, consumer baseline (CBL) and demand response in the electricity … market. After characterizing the general demand models, it reviews consumer baseline based on which further study the demand …
Persistent link: https://www.econbiz.de/10009548648
treatment of the demand for adoption. We show that the propensity to adopt a child increases in the degree of own altruism …. -- adoption ; demand for adoption ; fertility ; children ; altruism …
Persistent link: https://www.econbiz.de/10009558964
This paper presents a life cycle model for the demand for health, and derives empirical specifications that distinguish … between permanent and transitory wage responses. Using panel data, we estimate dynamic health and health input demand …
Persistent link: https://www.econbiz.de/10011336871
We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … depends on the consumers' rational price expectations from the recent past. By implication, demand responses are more elastic …
Persistent link: https://www.econbiz.de/10010350414
We investigate how, in temporary economic hardship, agents change their consumption of health services, and how this depends on whether the service is universally free-of-charge visits to GP's or privately co-financed dental care. We find that own expenditures for dental care decrease. The...
Persistent link: https://www.econbiz.de/10011450026
Persistent link: https://www.econbiz.de/10001808429