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principal in the context of production. We examine in particular the case of envy and we show that in general envy entails … costly observation of private decisions so that we investigate whether envy encourages non compliance or not. …
Persistent link: https://www.econbiz.de/10009444735
to the literature, we find that inequity aversion may be beneficial: In the presence of envy, for a certain range of … of envy, further softening the credibility constraint. The third paper contrasts a rank-order tournament with independent …
Persistent link: https://www.econbiz.de/10009467139
habits and envy places additional restrictions on the evolution of the optimal consumption path. We use a unique data set …
Persistent link: https://www.econbiz.de/10012530376
A proper security architecture is an essential part of implementing robust and reliable networked applications. Security patterns have shown how reoccurring problems can be best solved with proven solutions. However, while they are critical for ensuring the confidentiality, integrity and...
Persistent link: https://www.econbiz.de/10009441305
Consumers are in general less informed than producers about the quality of agricultural goods. To reduce the information gap, consumers can rely on standards (labels, certifications, geographic indications) that insure quality and origin of the goods. However, these standards do not always fully...
Persistent link: https://www.econbiz.de/10009442899
In this paper, we develop a model of regulation for a set of heterogenous farmers whose production yields to environmental externalities. The goal of the regulator is first to offer some income support depending on collective preferences towards income redistribution and second to internalize...
Persistent link: https://www.econbiz.de/10009443279
The clear definition of property rights is not a sufficient condition to prevent congestion effects in commons. In this paper we present how interesting can be the coordination among owners in the preservation of the common good. Our approach takes into account economic dynamics and incentive...
Persistent link: https://www.econbiz.de/10009443834
Most of the literature attributes credit constraints in small-farm developing-country agriculture to the variability of returns to investment in this sector. But the literature does not fully explain lenders. reluctance to finance investments in technologies that provide both higher average and...
Persistent link: https://www.econbiz.de/10009445423
Project-based mechanisms for emissions reductions credits, like the Clean Development Mechanism, pose important challenges for policy design because of several inherent characteristics. Participation is voluntary. Evaluating reductions requires assigning a baseline for a counterfactual that...
Persistent link: https://www.econbiz.de/10009445513
The probability that actors in economic relationships break rules increases with the profits they thus expect to earn. It decreases with the probability and level of short- and long-term losses resulting from disclosure. It also decreases with the level of social context factors and intrinsic...
Persistent link: https://www.econbiz.de/10009445534