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Public and private insurance with costly transactions
Bertola, Giuseppe; Koeniger, Winfried - 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/10010274703
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Strive to be First or Avoid Being Last: An Experiment on Relative Performance Incentives
Dutcher, E. Glenn; Balafoutas, Loukas; Lindner, Florian; … - 2015
tournament contract incorporating both incentives at the top and at the bottom induces the highest effort, especially in larger …
Persistent link: https://www.econbiz.de/10011345390
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Reputations, relationships and the enforcement of incomplete contracts
MacLeod, W. Bentley - 2006
incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or …
Persistent link: https://www.econbiz.de/10010267674
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Network Effects on Labor Contracts of Internal Migrants in China: A Spatial Autoregressive Model
Baltagi, Badi H.; Deng, Ying; Ma, Xiangjun - 2017
This paper studies the fact that 37 percent of the internal migrants in China do not sign a labor contract with their … employers, as revealed in a nationwide survey. These contract-free jobs pay lower hourly wages, require longer weekly work hours … contracts in the co-villager network increases the probability that a migrant accepts a contract-free job. We provide three …
Persistent link: https://www.econbiz.de/10011744638
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Performance and Risk Taking under Threat of Elimination
Adams, Nathan R.; Waddell, Glen R. - 2017
We revisit the incentive effects of elimination tournaments with a fresh approach to identification, the results of which strongly support that performance improves under the threat of elimination and does so, but only in part, due to increases in risk taking. Where we can separately identify...
Persistent link: https://www.econbiz.de/10011744689
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Reputations, Relationships and the Enforcement of Incomplete Contracts
MacLeod, W. Bentley - Institute for the Study of Labor (IZA) - 2006
incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or …
Persistent link: https://www.econbiz.de/10005233793
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Control rights in public-private partnerships
Francesconi, Marco; Muthoo, Abhinay - 2006
This paper develops a theory of the allocation of authority between two parties that produce impure public goods. We show that the optimal allocation depends on technological factors, the parties' valuations of the goods produced, and the degree of impurity of these goods. When the degree of...
Persistent link: https://www.econbiz.de/10010268030
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United but (un-)equal: Human capital, probability of divorce and the marriage contract
Cremer, Helmuth; Pestieau, Pierre; Roeder, Kerstin - 2012
This paper studies how the risk of divorce affects the human capital decisions of a young couple. We consider a setting where complete specialization (one of the spouses uses up all the education resources) is optimal with no divorce risk. Symmetry in education (both spouses receive an equal...
Persistent link: https://www.econbiz.de/10010291461
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The firm as a pool of factor complementarities
Lindbeck, Assar; Snower, Dennis J. - 2003
This paper presents a new approach to the theory of the firm by identifying factor complementarities as central to the determination of the firm?s boundaries. The factor complementarities may take a variety of forms: technological and informational complementarities, as well as economies of...
Persistent link: https://www.econbiz.de/10010265613
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Trade as a wage disciplining device
Persyn, Damiaan - 2008
We estimate how trade openness affects the relationship between wages, labour productivity and foreign wages using sector-level time series for several EU member states. In some countries wages became less responsive to foreign wages as trade costs declined. We show this counter-intuitive result...
Persistent link: https://www.econbiz.de/10010269345