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Gun For Hire : Does Delegated Enforcement Crowd out Peer Punishment in Giving to Public Goods?

Andreoni, James - 2011

This paper compares two methods to encourage socially optimal provision of a public good. We compare the efficacy of vigilante justice, as represented by peer-to-peer punishment, to delegated policing, as represented by the "hired gun" mechanism, to deter free riding and improve group welfare....

Persistent link: https://www.econbiz.de/10012461626

Tax Competition and Migration : The Race-to-the-Bottom Hypothesis Revisited

Razin, Assaf - 2011

Oates reminds us that tax competition among localities in the presence of capital mobility, may lead to inefficiently low tax rates (and benefits). In contrast, the Tiebout paradigm suggests that tax competition yields an efficient outcome, so that there are no gains from tax coordination. This...

Persistent link: https://www.econbiz.de/10012461987

Subgame Perfect Implementation with Almost Perfect Information and the Hold-Up Problem

Aghion, Philippe - 2009

The foundations of incomplete contracts have been questioned using or extending the subgame perfect implementation approach of Moore and Repullo (1988). We consider the robustness of subgame perfect implementation to the introduction of small amounts of asymmetric information. We show that...

Persistent link: https://www.econbiz.de/10012463482

Volatile Policy and Private Information : The Case of Monetary Policy

Jones, Larry E. - 1999

In this paper we study how volatility in monetary policy affects economic performance in the presence of endogenously chosen information structures. To isolate the effects produced by the interaction of uncertainty in monetary policy and (possibly) asymmetric information, we consider a model in...

Persistent link: https://www.econbiz.de/10012471724

Image Versus Information : Changing Societal Norms and Optimal Privacy

Ali, S. Nageeb - 2016

reputation-conscious agents to supply a public good. Each agent chooses how much to contribute based on his own mix of public …

Persistent link: https://www.econbiz.de/10012456472

Credit History : The Changing Nature of Scientific Credit

Gans, Joshua S. - 2013

This paper considers the role of the allocation of scientific credit in determining the organization of science. We examine changes in that organization and the nature of credit allocation in the past half century. Our contribution is a formal model of that organizational choice that considers...

Persistent link: https://www.econbiz.de/10012459123

Exploring Tradeoffs in the Organization of Scientific Work : Collaboration and Scientific Reward

Bikard, Michaël - 2013

When do scientists and other knowledge workers organize into collaborative teams and why do they do so for some projects and not others? At the core of this important organizational choice is, we argue, a tradeoff between the productive efficiency of collaboration and the credit allocation that...

Persistent link: https://www.econbiz.de/10012459704

Optimal Regulation in the Presence of Reputation Concerns

Atkeson, Andrew - 2012

firm invests, and the market shuts down. Learning introduces reputation incentives such that a fraction of entrants do … invest. If the market operates with spot prices, simple regulation can enhance the role of reputation to induce investment …

Persistent link: https://www.econbiz.de/10012460760

Adverse Selection, Reputation and Sudden Collapses in Secondary Loan Markets

Chari, V.V. - 2010

Banks and financial intermediaries that originate loans often sell some of these loans or securitize them in secondary loan markets and hold on to others. New issuances in such secondary markets collapse abruptly on occasion, typically when collateral values used to secure the underlying loans...

Persistent link: https://www.econbiz.de/10012462575

Markets for Reputation : Evidence on Quality and Quantity in Academe

Hamermesh, Daniel S. - 2009

We develop a theory of the market for individual reputation, an indicator of regard by one's peers and others. The … central questions are: 1) Does the quantity of exposures raise reputation independent of their quality? and 2) Assuming that … overall quality matters for reputation, does the quality of an individual's most important exposure have an extra effect on …

Persistent link: https://www.econbiz.de/10012463122