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Moral hazard and clear conscience
Miettinen, Topi - 2007
We consider guilt averse agents and principals and study the effects of guilt on optimal behavior of the principal and the agent in a moral hazard model. The principal's contract proposal contains a target effort in addition to the monetary incentive scheme. By accepting the agreement, the...
Persistent link: https://www.econbiz.de/10010263824
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The resolution game: A multiple selves perspective
Migrow, Dimitri; Uhl, Matthias - 2009
The notion of choice inconsistency is widely spread in the literature on behavioral economics. Several approaches were used to account for the observation that people reverse their choices over time. This paper aims to explain the formation of resolutions regarded as internal self-binding...
Persistent link: https://www.econbiz.de/10010267094
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Do self-committers mind commitment by others? An experiment on weak paternalism
Uhl, Matthias - 2010
Weak paternalism commits protégés to their own plans. This experiment addresses the question of whether protégés judge weakly paternalistic acts primarily by means of their consequences or on principle grounds. Subjects receive a reward for showing up to the laboratory early the next morning...
Persistent link: https://www.econbiz.de/10010281641
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The Resolution Game - A Multiple Selves Perspective
Migrow, Dimitri; Uhl, Matthias - Wirtschaftswissenschaftliche Fakultät, … - 2009
The notion of choice inconsistency is widely spread in the literature on behavioral economics. Several approaches were used to account for the observation that people reverse their choices over time. This paper aims to explain the formation of resolutions regarded as internal self-binding...
Persistent link: https://www.econbiz.de/10004964132
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Do Self-Committers Mind Commitment by Others? An Experiment on Weak Paternalism
Uhl, Matthias - Wirtschaftswissenschaftliche Fakultät, … - 2010
Weak paternalism commits protégés to their own plans. This experiment addresses the question of whether protégés judge weakly paternalistic acts primarily by means of their consequences or on principle grounds. Subjects receive a reward for showing up to the laboratory early the next morning...
Persistent link: https://www.econbiz.de/10008483753
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Moral Hazard and Clear Conscience
Miettinen, Topi - Wirtschaftswissenschaftliche Fakultät, … - 2007
We consider guilt averse agents and principals and study the effects of guilt on optimal behavior of the principal and the agent in a moral hazard model. The principal’s contract proposal contains a target effort in addition to the monetary incentive scheme. By accepting the agreement,...
Persistent link: https://www.econbiz.de/10005090532
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The long persistence of regional entrepreneurship culture: Germany 1925 - 2005
Fritsch, Michael; Wyrwich, Michael - 2012
We investigate the persistence of levels of self-employment and new business formation in different time periods and under different framework conditions. The analysis shows that high levels of regional self-employment and new business formation tend to be persistent for periods as long as 80...
Persistent link: https://www.econbiz.de/10010291827
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Who are the brokers of knowledge in regional systems of innovation? A multi-actor network analysis
Kauffeld-Monz, Martina; Fritsch, Michael - 2008
The discussion on regional innovation systems emphasizes the duality of local and global links. While the former enable effective knowledge exchange between regional actors, the latter are considered to provide regional systems with knowledge diverse to their knowledge base. Our empirical...
Persistent link: https://www.econbiz.de/10010330091
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What determines the efficiency of regional innovation systems?
Fritsch, Michael; Slavtchev, Viktor - 2007
. This function relates private sector research and development (R&D) activity in a region to the number of inventions that … have been registered by residents of that region. Different measures and estimation approaches lead to rather similar … institutions have a positive effect on the efficiency of private sector R&D in the respective region. It is not the mere presence …
Persistent link: https://www.econbiz.de/10010263783
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Industry specialization, diversity and the efficiency of regional innovation systems
Fritsch, Michael; Slavtchev, Viktor - 2007
Innovation processes are characterized by a pronounced division of labor between actors. Two types of externality may arise from such interactions. On the one hand, a close location of actors affiliated to the same industry may stimulate innovation (MAR externalities). On the other hand, new...
Persistent link: https://www.econbiz.de/10010263793