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Job Assignments under Moral Hazard:The Peter Principle Revisited
Koch, Alexander Karl; Nafziger, Julia - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
The Peter Principle captures two stylized facts about hierarchies: first, promotions often placeemployees into jobs for which they are less well suited than for that previously held. Second,demotions are extremely rare...
Persistent link: https://www.econbiz.de/10005862318
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Unawareness and Selective Disclosure : The Effect of School Quality Information on Property Prices
Haisken-DeNew, John P. - 2017
The Australian Government launched the My School website in 2010 to provide standardised information about the quality … Victoria to estimate the effect of the publication of school quality information on property prices. We use a difference …-in-difference approach to estimate the causal effect of the release of information about high-quality and low-quality schools relative to …
Persistent link: https://www.econbiz.de/10012966818
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Information and Competition Entry
Ewers, Mara - 2012
This paper studies the influence of information on entry choices in a competition with a controlled laboratory … experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … productivity. Information on the opponent is a promising nudge to raise individuals' awareness towards the complexity of the …
Persistent link: https://www.econbiz.de/10013108628
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Hidden Insurance in a Moral Hazard Economy
Bertola, Giuseppe - 2013
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
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An Economic Analysis of Exclusion Restrictions for Instrumental Variable Estimation
van den Berg, Gerard J. - 2007
information on the value of the IV. This leads to violation of the exclusion restriction. We analyze this in a dynamic economic …
Persistent link: https://www.econbiz.de/10012777599
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Against All Odds : Tentative Steps Toward Efficient Information Sharing in Groups
Schlangenotto, Darius - 2020
such a degree that it is in fact optimal for all non-experts to contribute their bits of information. A single individual … noise by holding back their information strongly and significantly increases …
Persistent link: https://www.econbiz.de/10012826744
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The Adverse Consequences of Tournaments : Evidence from a Field Experiment
De Paola, Maria - 2016
We run a field experiment to investigate whether competing in rank-order tournaments with different prize spreads affects individual performance. Our experiment involved students from an Italian University who took an intermediate exam in which one part was awarded on the basis of their relative...
Persistent link: https://www.econbiz.de/10012995579
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Does Everyone Use Probabilities? Intuitive and Rational Decisions About Stockholding
Binswanger, Johannes - 2013
We investigate the relationship between subjective probabilities of future stock market returns and decisions about stockholding. Specifically, we examine whether acting upon subjective probabilities is confined to individuals with high cognitive skills. We explore this question using data from...
Persistent link: https://www.econbiz.de/10013085047
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Individual-Level Loss Aversion in Riskless and Risky Choices
Gaechter, Simon; Johnson, Eric J.; Herrmann, Andreas - 2021
Loss aversion can occur in riskless and risky choices. Yet, there is no evidence whether people who are loss averse in riskless choices are also loss averse in risky choices. We measure individual-level loss aversion in riskless choices in an endowment effect experiment by eliciting both WTA and...
Persistent link: https://www.econbiz.de/10013316870
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Committee Decision-Making Under the Threat of Leaks
Fehrler, Sebastian; Hahn, Volker - 2021
threat that information might be passed on to outsiders. We study theoretically and experimentally how this possibility …, the threat of leaks causes a committee to recommend rejection of a project whenever precise information has been shared …
Persistent link: https://www.econbiz.de/10013315273