Showing 1 - 10 of 303
contract theory. Contract theory is a subfield of game theory where the conflict between the owner - the principal - and the …
Persistent link: https://www.econbiz.de/10011944900
contract theory. Contract theory is a subfield of game theory where the conflict between the owner - the principal - and the …
Persistent link: https://www.econbiz.de/10011588720
The paper provides evidence on what affects at the margin the cost and availability of bank credit for firms in Argentina. We study in particular how banks use different pieces of private and public information to screen firms and overcome informational asymmetries in the credit market. Some...
Persistent link: https://www.econbiz.de/10005668752
Given that young children are under the control of their parents, if the government has a interest in either the welfare or the productivity of the former, it has no option but to act through the latter,. Parents are, in the ordynary sense....
Persistent link: https://www.econbiz.de/10004998492
This paper is about freedom of choice and rigidity of choice rules as incentive devices. We study the optimal design of an agent's freedom of choice when his information is endogenous and costly to acquire. We show that curtailing the agent's authority over decision-making may be optimal even if...
Persistent link: https://www.econbiz.de/10005063595
The financing of innovation impacts on economic growth. What’s, among bank-based or market-based system, the best organizational form? The paper supports the view that both forms have to be merged into a unique approach (law and finance view) embracing not only the overall quality of the...
Persistent link: https://www.econbiz.de/10008643971
Using a substitution property of worker’s types (productivity and time preference), we propose an explanation for both fixed-wages and wage differentials. Fixed-wages result in bunching at the optimum. Equally productive workers with different time preference accept different wages.
Persistent link: https://www.econbiz.de/10009019019
This paper is about freedom of choice and rigidity of choice rules as incentive devices. We study the optimal design of an agent's freedom of choice when his information is endogenous and costly to acquire. We show that curtailing the agent's authority over decision-making may be optimal even if...
Persistent link: https://www.econbiz.de/10005518785
integrated environment. The report on the impact evaluation of the program is available at Kézdi and Surányi (2009). The results … and methods of the impact evaluation research were criticized in a paper published (in Hungarian) in Magyar Tudomány … paper we show that the critiques are unfounded. In this study we also summarize the conclusions from the impact evaluation …
Persistent link: https://www.econbiz.de/10003973923
the theoretical background and the details of the design of the measurement instrument adopted in the evaluation of the … general points of the design of such measurement instruments. The results and methods of the impact evaluation research were …
Persistent link: https://www.econbiz.de/10003973955