Sanctions are widely used to promote compliance in principal-agent-relationships.While there is ample evidence … confirming the predicted positive incentive effect of sanctions,it has also been shown that imposing sanctions may in fact reduce …

This paper investigates the effect of sanctions of unemployment insurance benefits on theexit rate from unemployment … for a sample of Danish unemployed. According to the findingsare that even moderate sanctions have rather large effects... …

Dynamics of compliance, depending on audit probability, sanctions, and the time lagbetween audits, are investigated in … afterwards, especially if audits were frequent and sanctions high. …

search space as it appears for local search. …

results: i) the expected dynamics of consumers’ search forgoods, itself depending on the income redistributed by firms and the …

funds in the capital markets and have to search for investorswhen raising outside capital. We provide an explicit …

The paper presents a tree search algorithm for the three-dimensional container loading problem(3D-CLP). The 3D-CLP is …

This chapter assesses how models with search frictions have shaped our understanding of aggregatelabor market outcomes … market outcomes for a large set of OECD countries. We thenask how models with search improve our understanding of these data …. Our results are mixed. Searchmodels are useful for interpreting the behavior of some additional data series, but search …