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We analyze the impact on a firm's profits and optimal wage rates, and on the distribution of workers' earnings, when workers compare their earnings with those of co-workers. We consider a low-productivity worker who receives lower wage earnings than a high-productivity worker. When the...
Persistent link: https://www.econbiz.de/10008990892
Persistent link: https://www.econbiz.de/10009532056
Let a society’s unhappiness be measured by the aggregate of the levels of relative deprivation of its members. When two societies of equal size, F and M, merge, unhappiness in the merged society is shown to be higher than the sum of the levels of unhappiness in the constituent societies when...
Persistent link: https://www.econbiz.de/10009238652
Persistent link: https://www.econbiz.de/10009273264
Let a society’s unhappiness be measured by the aggregate of the levels of relative deprivation of its members. When two societies of equal size, F and M, merge, unhappiness in the merged society is shown to be higher than the sum of the levels of unhappiness in the constituent societies when...
Persistent link: https://www.econbiz.de/10009127070
Let a society’s unhappiness be measured by the aggregate of the levels of relative deprivation of its members. When two societies of equal size, F and M, merge, unhappiness in the merged society is shown to be higher than the sum of the levels of unhappiness in the constituent societies when...
Persistent link: https://www.econbiz.de/10014179243
Persistent link: https://www.econbiz.de/10009523517
This paper asks whether population growth is conducive to the sustainability of cooperation. A simple model is … of the sustainability of cooperation of the appearance of the mutants in a population that is not growing, and in one … that is growing. It is shown that the ex-ante probability of sustaining the cooperation strategy is higher for a community …
Persistent link: https://www.econbiz.de/10009238658
We calculate the equilibrium fraction of cooperators in a population in which payoffs accrue from playing a single-shot prisoner's dilemma game. Individuals who are hardwired as cooperators or defectors are randomly matched into pairs, and cooperators are able to perfectly find out the type of a...
Persistent link: https://www.econbiz.de/10009725484
This paper asks whether population growth is conducive to the sustainability of cooperation. A simple model is … of the sustainability of cooperation of the appearance of the mutants in a population that is not growing, and in one … that is growing. It is shown that the ex-ante probability of sustaining the cooperation strategy is higher for a community …
Persistent link: https://www.econbiz.de/10009233355