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Trittbrettfahrerproblems und die Anreizwirkung von Neid. Im dritten Aufsatz wird relationalen Individualbonusverträgen ein relatives … wird für ein Beispiel gezeigt, dass die Zinsspanne, für die der Bonusvertrag das Turnier dominiert, im Neid der Agenten … to the literature, we find that inequity aversion may be beneficial: In the presence of envy, for a certain range of …
Persistent link: https://www.econbiz.de/10009467139
The objective of this thesis is to investigate the initial allocation of pollution permits in a dynamic tradeable market. Tradeable pollution permit markets are an increasingly common method of environmental regulation and it is apparent that future schemes may have a number of repeated...
Persistent link: https://www.econbiz.de/10009465999
measurement on wage costs in U- and J-type tournaments. In U-type tournaments prizes are fixed. In J-type tournaments only an …
Persistent link: https://www.econbiz.de/10009467167
individualistic schemes. The empirical literature on Tournaments has been grown. However, many studies use no appropriate data. This … month, which allowed us to support the predictions raised above. In order to examine the tournaments predictions we … hypothesis of learning by doing. The results also demonstrated evidence to support the following tournaments hypothesis: (1 …
Persistent link: https://www.econbiz.de/10009475955
of a grand prize for performance in a sequence of tournaments affects agents' effort and participation decisions. The …
Persistent link: https://www.econbiz.de/10009431295
principal in the context of production. We examine in particular the case of envy and we show that in general envy entails … costly observation of private decisions so that we investigate whether envy encourages non compliance or not. …
Persistent link: https://www.econbiz.de/10009444735
habits and envy places additional restrictions on the evolution of the optimal consumption path. We use a unique data set …
Persistent link: https://www.econbiz.de/10012530376
Medicare has recently experienced the largest expansion of benefits since its in- ception: the inclusion of prescription drug coverage under the Medicare Prescription Drug, Improvement and Modernization Act of 2003. The policy debate has mainly focused on estimating the cost of implementing the...
Persistent link: https://www.econbiz.de/10009438528
Over the last two decades, bank credit has evolved from the traditional relationship banking model to an originate-to-distribute model where banks can originate loans, earn their fee, and then sell them off to investors who desire such exposures. We show that the borrowers whose loans are sold...
Persistent link: https://www.econbiz.de/10009441128
Two complementary sources of information are studied in a multiperiod agency model. One is an accounting source which partially but credibly conveys the agent’s private information through accounting recognition. The other is an unverified communication by the agent (i.e., a self-report). In a...
Persistent link: https://www.econbiz.de/10009441137