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Screening, Competition, and Job Design : Economic Origins of Good Jobs
Bartling, Björn - 2010
In recent decades, many firms offered more discretion to their employees, often increasing the productivity of effort but also leaving more opportunities for shirking. These "high-performance work systems" are difficult to understand in terms of standard moral hazard models. We show...
Persistent link: https://www.econbiz.de/10013148345
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Team Governance : Empowerment or Hierarchical Control
Friebel, Guido; Schnedler, Wendelin - 2021
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, interventions that the manager undertakes in order to...
Persistent link: https://www.econbiz.de/10013316729
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Public and Private Insurance with Costly Transactions
Bertola, Giuseppe - 2010
We characterize how public insurance schemes are constrained by hidden financial transactions. When non-exclusive private insurance entails increasing unit transaction costs, public transfers are only partly offset by hidden private transactions, and can influence consumption allocation. We show...
Persistent link: https://www.econbiz.de/10013137517
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Checkerboards and Coase : Transactions Costs and Efficiency in Land Markets
Akee, Randall - 2021
The Coase theorem emphasizes the role transactions costs play in efficient market outcomes. We document inefficient outcomes, in the presence of a transactions cost, in southern California land markets and the corresponding transition to efficient outcomes after the transactions cost is...
Persistent link: https://www.econbiz.de/10013317335
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Disclosure, Trust and Persuasion in Insurance Markets
de Meza, David - 2010
This high-stakes experiment investigates the effect on buyers of mandatory disclosures concerning an insurance policy's value for money (the claims ratio) and the seller's commission. These information disclosures have virtually no effect despite most buyers claiming to value such information....
Persistent link: https://www.econbiz.de/10013139875
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Confidence in Knowledge or Confidence in the Ability to Learn : an Experiment on the Causal Effects of Beliefs on Motivation
Fischer, Mira - 2018
confidence in the ability to learn raises incentives, while confidence in the level of human capital lowers incentives for …
Persistent link: https://www.econbiz.de/10012926724
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Trust and the Welfare State : The Twin Peaks Curve
Algan, Yann - 2014
We show the existence of a twin peaks relation between trust and the size of the welfare state that stems from two opposing forces. Uncivic people support large welfare states because they expect to benefit from them without bearing their costs. But civic individuals support generous benefits...
Persistent link: https://www.econbiz.de/10013051446
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Culture of Trust and Division of Labor
Meier, Stephan - 2015
Firms exhibit heterogeneity in size, productivity, and internal structure, and this is true even within the same industry. It has been thought since the time of Adam Smith that a firm's internal structure affects its productivity through the channel of gains from specialization. Our paper...
Persistent link: https://www.econbiz.de/10013023773
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Evaluating Trust and Trustworthiness in Social Groups and Networks
O'Higgins, Niall - 2018
Trust and trustworthiness are important components of social capital and much attention has been devoted to their correct evaluation. In this paper, we argue that individuals' trust and trustworthiness are strongly dependent on the level of trust and trustworthiness of the social group in which...
Persistent link: https://www.econbiz.de/10012920459
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Overconfidence is a Social Signaling Bias
Burks, Stephen V. - 2010
relatively. We test three different theories about observed relative overconfidence. The first theory notes that simple … on 1,016 individuals' relative ability judgments about two cognitive tests rejects the Bayesian model. The second theory … might make this belief worse. Our data also reject this prediction. The third theory is that overconfidence is induced by …
Persistent link: https://www.econbiz.de/10013146457