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Persistent link: https://www.econbiz.de/10005767431
like oneself. Our Paper thus provides a psychologically grounded theory of endogenous peer effects, as well as of the …
Persistent link: https://www.econbiz.de/10005656406
This paper analyzes how private decisions and public policies are shaped by personal and societal preferences ("values"), material or other explicit incentives ("laws") and social sanctions or rewards ("norms"). It first examines how honor, stigma and social norms arise from individuals'...
Persistent link: https://www.econbiz.de/10009530311
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most talented workers leads to an escalating reliance on...
Persistent link: https://www.econbiz.de/10009729417
What is the best way to reward innovation? While prizes avoid deadweight loss, intellectual property selects high social surplus projects. Optimal innovation policy thus trades off the ex-ante screening benefit and the ex-post distortion. It solves a multidimensional screening problem in the...
Persistent link: https://www.econbiz.de/10013115803
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most talented workers leads to an escalating reliance on...
Persistent link: https://www.econbiz.de/10013083378
This paper analyzes the impact of labor market competition on the structure of compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most talented workers leads to an escalating reliance on performance pay and other...
Persistent link: https://www.econbiz.de/10013051714
We build a theory of prosocial behavior that combines heterogeneity in individual altruism and greed with concerns for …
Persistent link: https://www.econbiz.de/10014067852
This paper analyzes how private decisions and public policies are shaped by personal and societal preferences (values), material or other explicit incentives (laws) and social sanctions or rewards (norms). It first examines how honor, stigma and social norms arise from individuals' behaviors and...
Persistent link: https://www.econbiz.de/10010282313
This advanced text introduces the principles of noncooperative game theory - including strategic form games, Nash … given point. The analytic material is accompanied by many applications, examples, and exercises. The theory of …. Although game theory has been applied to many fields, Fudenberg and Tirole focus on the kinds of game theory that have been …
Persistent link: https://www.econbiz.de/10004973298