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In this paper we analyse the risk attitude of a group of heterogenous agents and we develop a theory of comparative collective risk tolerance. In particular, we characterize how shifts in the distribution of individual levels of risk tolerance affect the representative agent's degree of risk...
Persistent link: https://www.econbiz.de/10009360287
entrepreneurial firms' path dependencies have affected the evolution of business models for electric vehicles. Based on a qualitative … business model archetypes and traces their evolution over time. Findings suggest that incumbent and entrepreneurial firms … approach business model innovation in distinctive ways. Business model evolution shows a series of incremental changes that …
Persistent link: https://www.econbiz.de/10011025808
regular evolution in firms and populations. However, when a firm is trapped in a lock-in situation, Darwinian selection best …
Persistent link: https://www.econbiz.de/10010543493
institutions et de l'évolution sociale est alors posée ; le trait marquant de cette théorie est de survivre à la crise du marxisme …
Persistent link: https://www.econbiz.de/10008836454
de nombreux commentateurs dans la théorie hayékienne de l'évolution et, d'autre part, de souligner les difficultés …
Persistent link: https://www.econbiz.de/10010750962
the selection and incentive effects of pay schemes are so far thin on the ground. In addition, these effects may be …
Persistent link: https://www.econbiz.de/10008788998
The Peter Principle states that, after a promotion, the observed output of promoted employees tends to fall. Lazear (2004) models this principle as resulting from a regression to the mean of the transitory component of ability. Our experiment reproduces this model in the laboratory by means of...
Persistent link: https://www.econbiz.de/10008790587
is attributable both to its incentive effect and to its selection effect among employees (Lazear, 2000), it is important …
Persistent link: https://www.econbiz.de/10008790614
the selection and incentive effects of pay schemes are so far thin on the ground. In addition, these effects may be …
Persistent link: https://www.econbiz.de/10008791578
is attributable both to its incentive effect and to its selection effect among employees (Lazear, 2000), it is important …
Persistent link: https://www.econbiz.de/10008792126