Narrow search
Showing 1 - 10 of 242
Cover Image
Risk Tolerance and Entrepreneurship
Hvide, Hans K. - 2013
A tradition from Knight (1921) argues that more risk tolerant individuals are more likely to become entrepreneurs, but perform worse. We test these predictions with two risk tolerance proxies: stock market participation and personal leverage. Using investment data for 400,000 individuals, we...
Persistent link: https://www.econbiz.de/10013086658
Cover Image
Are Competitors Forward Looking in Strategic Interactions? Evidence from the Field
Lackner, Mario - 2015
This paper investigates empirically whether decision makers are forward looking in dynamic strategic interactions. In particular, we test whether decision makers in multi-stage tournaments take heterogeneity induced changes of continuation values and the ability of their immediate opponent into...
Persistent link: https://www.econbiz.de/10013009502
Cover Image
Design and Implementation of Pay for Performance
Gibbs, Michael - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2012
A large, mature and robust economic literature on pay for performance now exists, whichprovides a useful framework for … thinking about pay for performance systems. I use thelessons of the literature to discuss how to design and implement pay for … performance inpractice.... …
Persistent link: https://www.econbiz.de/10009486962
Cover Image
Business Conditions and Default Risks Across Countries
Pflüger, Michael - 2011
The risk of default that business firms face is very significant and differs widely across countries. This paper explores the links between countries' business conditions and international trade embedment and the default risk at the country level from a theoretical point of view. Our main...
Persistent link: https://www.econbiz.de/10013128748
Cover Image
Employment Protection, Technology Choice, and Worker Allocation
Bartelsman, Eric J. - 2011
differences across countries in EPL and the observed increase since the mid-1990s in the variance of firm performance associated …
Persistent link: https://www.econbiz.de/10013133623
Cover Image
Income Uncertainty and Household Savings in China
Chamon, Marcos - 2010
-shaped. Using a panel of urban Chinese households covering 1989-2006, we document a sharp increase in income uncertainty. While the … a buffer-stock savings model and show that rising income uncertainty and pension reforms lead younger and older …
Persistent link: https://www.econbiz.de/10013135632
Cover Image
Risk Attitudes and Well-Being in Latin America
Cárdenas, Juan-Camilo - 2010
analyze the results of three treatments designed to better reflect common choices made under uncertainty, we see that these …
Persistent link: https://www.econbiz.de/10013136481
Cover Image
Information, Uncertainty, and Subjective Entitlements in Bargaining
Karagözoğlu, Emin - 2010
relative contributions of involved agents are blurred; either by lack of information about the actual performance of … coarse performance information lead to bargaining asymmetries. In addition, we find that bargainers' subjective entitlements … are also influenced by performance information and the randomness inherent in the production process. These differences in …
Persistent link: https://www.econbiz.de/10013139946
Cover Image
Partial Identification of Willingness-to-Pay Using Shape Restrictions with an Application to the Value of a Statistical Life
Sojourner, Aaron - 2010
Economists often analyze cross-sectional data to estimate the value people implicit place on attributes of goods using hedonic methods. Usually strong enough assumptions are made on the functional form of utility to point identify individuals' willingness-to-pay (WTP) for changes in attribute...
Persistent link: https://www.econbiz.de/10013139964
Cover Image
It's the Opportunity Cost, Stupid! How Self-Employment Responds to Financial Incentives of Return, Risk and Skew
Berkhout, Peter H. G. - 2011
There is no robust empirical support for the effect of financial incentives on the decision to work in self-employment rather than as a wage earner. In the literature, this is seen as a puzzle. We offer a focus on the opportunity cost, i.e. the wages given up as an employee. Information on...
Persistent link: https://www.econbiz.de/10013117620