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Strategic Bargaining Behavior, Self-Serving Biases, and the Role of Expert Agents : An Empirical Study of Final-Offer Arbitration
Ashenfelter, Orley; Dahl, Gordon B. - 2021
In this paper we study the complete evolution of a final-offer arbitration system used in New Jersey with data we have …
Persistent link: https://www.econbiz.de/10013249711
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Empirical Models of Arbitrator Behavior Under Conventional Arbitration
Bloom, David E. - 2022
about the extent to which conventional arbitration decisions are fashioned as mechanical compromises of the parties' final … in the arbitration decisions, this evidence of mechanical compromise behavior should be viewed as characterizing the … overall operation of conventional arbitration mechanisms and not the behavior of individual arbitrators in any particular case …
Persistent link: https://www.econbiz.de/10013308630
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The Economics of Identity and the Endogeneity of Race
Bodenhorn, Howard - 2010
Economic and social theorists have modeled race and ethnicity as a form of personal identity produced in recognition of the costliness of adopting and maintaining a specific identity. These models of racial and ethnic identity recognize that race and ethnicity is potentially endogenous because...
Persistent link: https://www.econbiz.de/10012762773
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Crowdsourcing City Government : Using Tournaments to Improve Inspection Accuracy
Glaeser, Edward L. - 2016
Can open tournaments improve the quality of city services? The proliferation of big data makes it possible to use predictive analytics to better target services like hygiene inspections, but city governments rarely have the in-house talent needed for developing prediction algorithms. Cities...
Persistent link: https://www.econbiz.de/10012995969
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Pay for Percentile
Barlevy, Gadi - 2011
We analyze an incentive pay scheme for educators that links educator compensation to the ranks of their students within appropriately defined comparison sets, and we show that under certain conditions this scheme induces teachers to allocate socially optimal levels of effort to all students....
Persistent link: https://www.econbiz.de/10013122652
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Confidence Management in Tournaments
Deng, Shanglyu; Fang, Hanming; Fu, Qiang; Wu, Zenan - 2022
An incumbent employee competes against a new hire for bonus or promotion. The incumbent’s ability is commonly known, while that of the new hire is private information. The incumbent is subject to a perceptional bias: His prior about the new hire’s type differs from the true underlying...
Persistent link: https://www.econbiz.de/10013292916
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Do Tournaments Have Incentive Effects?
Ehrenberg, Ronald G.; Bognanno, Michael L. - 2021
Much attention has been devoted to studying models of tournaments or situations in which an individual's payment depends only on his output or rank, relative to other competitors. Such models are of more than academic Interest as they may well describe the compensation structures applicable to...
Persistent link: https://www.econbiz.de/10013239367
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Intra Firm Bargaining and Shapley Values
Bruegemann, Bjoern - 2015
The paper revisits the problem of wage bargaining between a firm and multiple workers. We show that the Subgame Perfect Equilibrium of the extensive-form game proposed by Stole and Zwiebel (1996a) does not imply a profile of wages and profits that coincides with the Shapley values as claimed in...
Persistent link: https://www.econbiz.de/10013016648
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Decision-Making Under the Gambler's Fallacy : Evidence from Asylum Judges, Loan Officers, and Baseball Umpires
Chen, Daniel L. - 2016
We find consistent evidence of negative autocorrelation in decision-making that is unrelated to the merits of the cases considered in three separate high-stakes field settings: refugee asylum court decisions, loan application reviews, and major league baseball umpire pitch calls. The evidence is...
Persistent link: https://www.econbiz.de/10012997901
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Rules, Coordination and Manipulability Among Arbitrators
Currie, Janet - 2007
of wage settlements negotiated without arbitration using a panel of contracts between teachers and school boards in the …
Persistent link: https://www.econbiz.de/10014074310