Showing 1 - 10 of 483
greater financial health of Japanese households is due more to culture or to government policies, institutions, and other non … explained much better by non-cultural factors than by culture. …
Persistent link: https://www.econbiz.de/10010332271
by culture and social norms by examining their saving and bequest behavior. To summarize our main findings, we find that … the Japanese are not a saving-loving people and that their saving behavior is not governed by culture and social norms …, we argue that these findings do not necessarily mean that culture and social norms do not matter. …
Persistent link: https://www.econbiz.de/10011564954
This paper explores the consequences and implications of the dual role of promotion in an environment where a firm must simultaneously achieve two distinct goals - assignment and incentive provision - via the strategic use of promotions. We argue that the efficient promotion rule is generally...
Persistent link: https://www.econbiz.de/10010332465
This paper studies the performance of promotion tournaments with heterogeneous participants in two dimensions: incentive provision and selection. Our theoretical analysis reveals a trade-off for the tournament designer between the two goals: While total effort is maximized if less heterogeneous...
Persistent link: https://www.econbiz.de/10010278311
We characterise optimal contracts in a dynamic principal-agent model of joint production in which project opportunities are heterogenous, utility from these projects is non-transferable and the agent has the option to quit the relationship at any time. In order to demand the production of...
Persistent link: https://www.econbiz.de/10013188999
This paper shows that the incentive effects of heterogeneity may be positive rather than negative in dynamic contests with multiple stages. In particular, the well-studied adverse effects of heterogeneity in static interactions are compensated by positive continuation-value and selection...
Persistent link: https://www.econbiz.de/10010398273
-interest allegedly originating in Adam Smith. I embark on sketching a 'third culture' in economics, employing a notion from cross … 'third culture' in economics in which moral aspects of economic action loom large, as well as contextualized thinking in …
Persistent link: https://www.econbiz.de/10010304499
This paper investigates how Confucianism affects individual decision making in Taiwan and in China. We found that … loving, less loss averse, and more impatient after being primed with Confucianism, whereas Taiwanese subjects became … significantly less present-based and were inclined to be more trustworthy after being primed by Confucianism. Combining the evidence …
Persistent link: https://www.econbiz.de/10010329049
on two social norms associated with Confucianism: the unequal gender division of childcare within a household and the …
Persistent link: https://www.econbiz.de/10011931709
The image of China's peaceful rise, which the Chinese government is keen to enforce in the world, stands in contrast to the view of China's ascent as a threat. China's economic and military growth is perceived as a potential threat to the (East) Asian security structure and as a challenge to the...
Persistent link: https://www.econbiz.de/10010276004