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of incentives between serving the client and earning commissions, a dilemma about fiduciary responsibility to a client …
Persistent link: https://www.econbiz.de/10013122961
This paper investigates the long-run effects of climate change on conflict by examining cooling from 1400-1900 CE, a period that includes most of the Little Ice Age. We construct a geo-referenced and digitized database of conflicts in Europe, North Africa, and the Near East from 1400-1900, which...
Persistent link: https://www.econbiz.de/10012965017
The paper examines severance pay programs around the world by providing the first ever overview of existing programs …
Persistent link: https://www.econbiz.de/10013124479
and a unique rate of diffusion throughout the world. Suppose too that initially all countries are fairly closely bunched … follower countries in the various parts of the world fall in line in a similar geographic order. The result will be …
Persistent link: https://www.econbiz.de/10013083094
through a set of instruments exploiting colonial history and the quality of institutions inherited from the past …
Persistent link: https://www.econbiz.de/10013317290
Demand for air quality depends on health impacts and defensive investments that improve health, but little research assesses the empirical importance of defenses. We study an important cap-and-trade market, which dramatically reduced NOx emissions, a key ingredient in ozone formation. A rich...
Persistent link: https://www.econbiz.de/10013063105
Ground-level ozone has been shown to have significant health consequences from short-term exposure, and as such has been regulated in the U.S. since the 1970s by the Environmental Protection Agency (EPA). Ozone is not emitted directly; instead formation occurs due to a complex, Leontief-like...
Persistent link: https://www.econbiz.de/10012829224
In light of the low public awareness of ozone pollution and the potential health threats posed by long-term ozone exposure, this study estimates the causal effect of long-term ozone exposure on respiratory mortality. By employing an instrumental variable based on the long-distance transmission...
Persistent link: https://www.econbiz.de/10014260081
We develop an equilibrium model of wages and estimate it using administrative data from Norway. Coworkers interact through a task-assignment model, and wages are determined through multi-lateral bargaining over the surplus that accrues to the workforce. Seniority affects wages through workplace...
Persistent link: https://www.econbiz.de/10013160314
We study optimal incentive contracts for workers who are reciprocal to management attention. When neither worker's effort nor manager's attention can be contracted, a double moral-hazard problem arises, implying that reciprocal workers should be given weak financial incentives. In a...
Persistent link: https://www.econbiz.de/10013147137