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We develop and estimate a non-stationary job search model to evaluate a scheme that monitors job search effort and sanctions insured unemployed whose effort is deemed insufficient. The model reveals that such schemes provide incentives to the unemployed to front-load search effort prior to...
Persistent link: https://www.econbiz.de/10013117409
economics. This paper explores voting on a scheme of intergroup competition which facilitates cooperation in a social dilemma … situation. Experimental results show that the competitive scheme fosters cooperation. Competition is popular but also that the …
Persistent link: https://www.econbiz.de/10013104948
initial cooperation rates are similar, it increases in the groups with higher intelligence to reach almost full cooperation … differences in the response to past cooperation of the partner. In higher intelligence subjects, cooperation after the initial … difference is absent. Cooperation of higher intelligence subjects is payoff sensitive, thus not automatic: in a treatment with …
Persistent link: https://www.econbiz.de/10013046232
of universal cooperation because the more prosocial subjects populate the two efficient institutions first, elect … prosocial judges (if institutionally possible), and immediately establish a social norm of high cooperation. This norm appears … to guide subjects' cooperation and punishment choices, including the virtually complete removal of antisocial punishment …
Persistent link: https://www.econbiz.de/10012920461
BoS, with high and low payoff inequality. In PD, disclosure markedly hampers cooperation, as higher intelligence players …
Persistent link: https://www.econbiz.de/10014080121
students, this paper presents a simple model showing that free riding incentives lead to an insufficient degree of cooperation …
Persistent link: https://www.econbiz.de/10013325075
Employers structure pay and employment relationships to mitigate agency problems. A large literature in economics documents how the resolution of these problems shapes personnel policies and labor markets. For the most part, the study of agency in employment relationships relies on highly...
Persistent link: https://www.econbiz.de/10013139879
divisions to replace high incentive pay to the division heads by incentives based on private benefits of control. In that … cooperation, but cross-authority delegation is optimal for cooperation being crucial. If, however, the division heads are clearly … more efficient than the CEO, the owner will choose centralization given that cooperation is the dominating issue, but …
Persistent link: https://www.econbiz.de/10013084675
We consider an economy where individuals privately choose effort and trade competitively priced securities that pay off with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then standard functional form restrictions ensure that...
Persistent link: https://www.econbiz.de/10013071425
This article examines whether social comparisons have behavioral effects on workers' performance when a firm can choose workers' wages or let them choose their own. Firms can delegate the wage decision to neither, one or both workers in the firm. We vary the information workers receive, finding...
Persistent link: https://www.econbiz.de/10013071433