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The 'ratchet effect' refers to a situation where a principal uses private information that is revealed by an agent … ; private information ; labor markets …
Persistent link: https://www.econbiz.de/10003769812
The 'ratchet effect' refers to a situation where a principal uses private information that is revealed by an agent …
Persistent link: https://www.econbiz.de/10012715529
The 'ratchet effect' refers to a situation where a principal uses private information that is revealed by an agent …
Persistent link: https://www.econbiz.de/10013324885
Models of choice where agents see others as less sophisticated than themselves have significantly different, sometimes more accurate, predictions in games than does Nash equilibrium. When it comes to mechanism design, however, they turn out to have surprisingly similar implications. This paper...
Persistent link: https://www.econbiz.de/10011515723
. We vary the information workers receive, finding that social comparisons concerning both wages and decision rights affect …
Persistent link: https://www.econbiz.de/10010226059
. We vary the information workers receive, finding that social comparisons concerning both wages and decision rights affect …
Persistent link: https://www.econbiz.de/10013071433
understanding of principal-agent interactions, social preferences, union-firm bargaining, arbitration, gender differentials …
Persistent link: https://www.econbiz.de/10014025130
Persistent link: https://www.econbiz.de/10012175565
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requirements or cutting pay. We model this effect as a multi-period principal-agent problem with hidden information, and study its …
Persistent link: https://www.econbiz.de/10008660619