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Market Outcomes and Dynamic Patent Buyouts

Galasso, Alberto - 2014

therefore can generate the right innovation incentives in our model …

Persistent link: https://www.econbiz.de/10012458468

Why Can Modern Governments Tax So Much? An Agency Model of Firms as Fiscal Intermediaries

Kleven, Henrik Jacobsen - 2009

This paper presents a simple agency model to explain why third-party income reporting by employers dramatically improves income tax enforcement. Modern firms have a large number of employees and carry out complex production tasks, which requires the use of accurate business records. Because such...

Persistent link: https://www.econbiz.de/10012463431

Inattention and Inequity in School Matching

Bucher, Stefan F.; Caplin, Andrew - National Bureau of Economic Research - 2021

The attractive properties of the Deferred Acceptance (DA) algorithm rest on the assumption of perfect information. Yet field studies of school matching show that information is imperfect, particularly for disadvantaged students. We model costly strategic learning when schools are ex ante...

Persistent link: https://www.econbiz.de/10012794614

Reputation Inflation

Filippas, Apostolos - 2019

A solution to marketplace information asymmetries is to have trading partners publicly rate each other post-transaction. Many have shown that these ratings are effective; we show that their effectiveness deteriorates over time. The problem is that ratings are prone to inflation, with raters...

Persistent link: https://www.econbiz.de/10012479806

Efficiency and Information Transmission in Bilateral Trading

Shimer, Robert - 2015

We study pairwise trading mechanisms in the presence of private information and limited commitment, whereby either trader can walk away from a proposed trade when he learns the trading price. We show that when one trader's information is relevant for the other trader's value of the asset,...

Persistent link: https://www.econbiz.de/10012457173

A Theory of Fiscal Responsibility and Irresponsibility

Halac, Marina; Yared, Pierre - National Bureau of Economic Research - 2022

We propose a political economy mechanism that explains the presence of fiscal regimes punctuated by crisis periods. Our model focuses on the interaction between successive deficit-biased governments subject to i.i.d. fiscal shocks. We show that the economy transitions between a fiscally...

Persistent link: https://www.econbiz.de/10013435163

Deferred Acceptance with News Utility

Dreyfuss, Bnaya; Glicksohn, Ofer; Heffetz, Ori; Romm, Assaf - National Bureau of Economic Research - 2022

Can incorporating expectations-based-reference-dependence (EBRD) considerations reduce seemingly dominated choices in the Deferred Acceptance (DA) mechanism? We run two experiments (total N = 500) where participants are randomly assigned into one of four DA variants--{static, dynamic} * {student...

Persistent link: https://www.econbiz.de/10013462684

Empire-Builders and Shirkers : Investment, Firm Performance, and Managerial Incentives

Aggarwal, Rajesh K. - 1999

underinvestment problem. We derive comparative static predictions for the equilibrium relationships between incentives from … compensation, investment, and firm performance for both cases. The relationship between firm performance and managerial incentives … to identify whether managers have private benefits or costs, we estimate the joint relationships between incentives and …

Persistent link: https://www.econbiz.de/10012471449

Incentive Contracts

Lazear, Edward P. - 1986

Persistent link: https://www.econbiz.de/10012477157

Who’s Paying Attention? Measuring Common Ownership and Its Impact on Managerial Incentives

Gilje, Erik P. - 2019

We derive a measure that captures the extent to which overlapping ownership structures shift managers' incentives to … possibility that the growth of common ownership has had a significant impact on managerial incentives …

Persistent link: https://www.econbiz.de/10012479596

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