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into standard labor supply theory, (i) the wage rate under-estimates (over-estimates) the true value of nonwork … differs from standard theory. We also identify conditions under which a greater nonpecuniary work incentive generates a larger …
Persistent link: https://www.econbiz.de/10010312270
How does the environment of an organization influence whether workers voluntarily provide effort? We study the power relationship between a non-profit unit (e.g. university department, NGO, health trust), where workers care about the result of their work, and a bu- reaucrat, who supplies some...
Persistent link: https://www.econbiz.de/10011422184
In this paper a method is developed to derive prices for natural goods from information about material and energy flows within ecosystems. The derivation is based on an analogy between ecological and economic systems: both systems are characterized by flows of material and energy. To derive...
Persistent link: https://www.econbiz.de/10010304525
How does the environment of an organization influence whether workers voluntarily provide effort? We study the power relationship between a non-profit unit (e.g. university department, NGO, health trust), where workers care about the result of their work, and a bureaucrat, who supplies some...
Persistent link: https://www.econbiz.de/10010274068
Traditionally, it has been argued that profit sharing can increase employment and welfare because it lowers marginal labour costs without reducing total cost or labour income. In this paper, we show that profit sharing can also represent a Pareto-improvement if labour supply is excessive due to...
Persistent link: https://www.econbiz.de/10010319746
We hypothesize that an individual?s time use choices are contingent on the time use choices of others because the utility derived from leisure time often benefits from the presence of companionable others inside and outside the household. We develop a model of time use, and demonstrate that its...
Persistent link: https://www.econbiz.de/10010261578
Nonparametric techniques are usually seen as a statistic device for data description and exploration, and not as a tool for estimating models with a richer economic structure, which are often required for policy analysis. This paper presents an example where nonparametric flexibility can be...
Persistent link: https://www.econbiz.de/10010262417
A review of the basic theory of optimal open-source software contributions points to three key factors affecting supply …
Persistent link: https://www.econbiz.de/10010268441
theory we then provide a summary of empirical estimates and the methodology underlying the studies. Our conclusion is that …
Persistent link: https://www.econbiz.de/10010268568
The purpose of this paper is to introduce and adopt a generalised version of Roemer's (1998) Equality of Opportunity (EOp) framework, which we call extended EOp, for analysing second-best optimal income taxation. Unlike the pure EOp criterion of Roemer (1998) the extended EOp criterion allows...
Persistent link: https://www.econbiz.de/10010269427