Showing 1 - 10 of 109
In many countries environmental policies and regulations are implemented to improve environmental quality and thus individuals' well-being. However, how do individuals value the environment? In this paper, we review the Life Satisfaction Approach (LSA) representing a new non-market valuation...
Persistent link: https://www.econbiz.de/10010271282
This paper estimates the rate of return to the High/Scope Perry Preschool Program, an early intervention program targeted toward disadvantaged African-American youth. Estimates of the rate of return to the Perry program are widely cited to support the claim of substantial economic benefits from...
Persistent link: https://www.econbiz.de/10010274261
The latest study investigating the cost-benefit ratio of apprenticeship training for Swiss companies has shown that most apprentices offset the cost of their training during their apprenticeship on the basis of the productive contribution of the work they perform. Given this outcome, it is worth...
Persistent link: https://www.econbiz.de/10010276566
We look at the effect of transparency on the incidence of costly back-scratching in a laboratory setting by … transparency. A plausible story that fits our results is that there may be two countervailing forces at play. First, more rapid … policy makers about the limits of transparency in curtailing "grey" types of corruption. …
Persistent link: https://www.econbiz.de/10011653411
basic building block of individual accounts. This ensures the important design feature of transparency, the "enabler" of …
Persistent link: https://www.econbiz.de/10012005922
suppose that greater transparency would enhance incentives. Therefore, it is puzzling that team production often lacks … transparency about individual contributions despite negligible costs for providing such information. We offer a rationale for this … by demonstrating that transparency can actually hurt incentives. In the presence of career concerns information on the …
Persistent link: https://www.econbiz.de/10010267330
We provide an explanation for peer pressure in teams based on inequity aversion. Analyzing a two-period model with two agents, we find that the effect of inequity aversion strongly depends on the information structure. When contributions are unobservable, agents act as if they were purely...
Persistent link: https://www.econbiz.de/10010268881
The current peer review system suffers from two key problems: promotion of an in-crowd whose methods, opinions and innovations it protects; and failure to represent the opinions and interests of non-peer clients. As a result, whole disciplines orient themselves toward navel-gazing research...
Persistent link: https://www.econbiz.de/10011479412
of moral ideal, we show that the impact of transparency is conditional on the length of the transfer chain and on the … intermediary will embezzle less. Senders react positively to a reduction of the length of the chain but negatively to transparency. …
Persistent link: https://www.econbiz.de/10011494297
We analyze the costs and benefits of using social image to foster virtuous behavior. A Principal seeks to motivate reputation-conscious agents to supply a public good. Each agent chooses how much to contribute based on his own mix of public-spiritedness, private signal about the value of the...
Persistent link: https://www.econbiz.de/10011494319