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Insurance and Information: Firms as a Commitment Device
Bovenberg, A.L.; Teulings, Coen N. - 2001
and the firm can base its incentive payments on good information. Competition, however, may allow themarket and explicit …
Persistent link: https://www.econbiz.de/10010325071
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Job Assignments, Intrinsic Motivation and Explicit Incentives
Nafziger, Julia - 2008
This paper considers the interplay of job assignments with the intrinsic and extrinsic motivation of an agent. Job assignments influence the self confidence of the agent, and thereby his intrinsic motivation. Monetary reward allow the principal to complement intrinsic motivation with extrinsic...
Persistent link: https://www.econbiz.de/10010264916
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The dark side of reciprocity
Montinari, Natalia - 2011
compensation scheme under both symmetric and asymmetric information about workers' actions, and we also derive conditions for our …
Persistent link: https://www.econbiz.de/10010281688
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The existence of informationally efficient markets when individuals are rational
Muendler, Marc-Andreas - 2004
A rational-expectations equilibrium with positive demand for financial information does exist under fully revealing … average portfolio demand information in equilibrium if they can adjust portfolio size. More information diminishes the … endowments strongly differ from the average portfolio are worse off. Under fully revealing price, information market equilibria …
Persistent link: https://www.econbiz.de/10010261275
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Interactive Unawareness and Speculative Trade
Heifetz, Aviad; Meier, Martin; Schipper, Burkhard C. - 2003
The standard state-spaces of asymmetric information preclude non- trivial forms of unawareness (Dekel, Lipman and … standard information structures with strong properties of knowledge. …
Persistent link: https://www.econbiz.de/10010263088
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On a three-alternative Condorcet jury theorem
Goertz, Johanna M. M.; Maniquet, François - 2011
We investigate whether the simple plurality rule aggregates information efficiently in a large election with three …. With two alternatives and strategic voters, the simple plurality rule aggregates information efficiently in elections with …
Persistent link: https://www.econbiz.de/10010274750
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Unawareness, Beliefs and Games
Heifetz, Aviad; Meier, Martin; Schipper, Burkhard C. - 2007
We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are desirable for many potential applications of asymmetric unawareness. We develop Bayesian games with unawareness, define equilibrium, and prove existence. We show how equilibria are...
Persistent link: https://www.econbiz.de/10010276586
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Strategic Campaigns and Redistributive Politics
Schultz, Christian - 2003
The paper investigates strategic campaigning in a model of redistributive politics in a society with many groups and two parties. Campaigns are informative, and parties can target campaigns to different groups. Voters are uncertain about whether parties favor special groups. The parties will...
Persistent link: https://www.econbiz.de/10010320881
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Sequential optimization, front-loaded information, and U.S. consumption
Willman, Alpo - 2007
In an overlapping generations maximization framework with consumers, whose information on uncertain future income …
Persistent link: https://www.econbiz.de/10011604811
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Unawareness, beliefs and games
Heifetz, Aviad; Meier, Martin; Schipper, Burkhard C. - 2007
We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are desirable for many potential applications of asymmetric unawareness. We develop Bayesian games with unawareness, define equilibrium, and prove existence. We show how equilibria are...
Persistent link: https://www.econbiz.de/10010276636