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We study a continuous and balanced mechanism that is capable of implementing in Nash equilibrium all the Pareto-efficient individually rational allocations for an economy with public goods. The Government chooses a set of weights directly related to the Lindahl prices corresponding to the...
Persistent link: https://www.econbiz.de/10009458592
In a common agency game a set of principals promises monetary transfers to an agent which depend on the action he will take. The agent then chooses the action, and is paid the corresponding transfers. Principals announce their transfers simultaneously. This game has many equilibria; Bernheim and...
Persistent link: https://www.econbiz.de/10009440358
The Truckers and Turnover Project is an intensive case study of a single firm and its employees which matches proprietary personnel and operational data to new information collected by the researchers to create a two-year panel study of a large subset of new hires. The project’s most...
Persistent link: https://www.econbiz.de/10009451867