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empirical inquiries. Researchers have found that mismanagement is often a consequence of misplaced incentives. This paper tries … incentives. An introduction is given as a short overview of the healthcare sector with its economical specialties. This is … followed by an outline of some well established contract models and their effect on the demander’s incentives. The paper …
Persistent link: https://www.econbiz.de/10005464729
monitored decreases with time but is influenced by physical factors (reflecting economic incentives) such as the depth to … attempt to reduce groundwater rise. Overall, the study provides strong empirical support for the view that economic incentives …
Persistent link: https://www.econbiz.de/10010913178
Persistent link: https://www.econbiz.de/10005020289
George J. Stigler in his Nobel price lecture in 1982 suggested to apply the ideas of economics of information on the market of new ideas of economic science. On the border between the economics of information and some other social sciences, co-word method and citation analysis are proposed for...
Persistent link: https://www.econbiz.de/10005258051
This paper provides a rational choice-based analysis of the causes and consequences of surprise events. The paper argues that ignorance may be rational, but nonetheless produce systematic mistakes, inconsistent behavior, and both pleasant and unpleasant surprises. If ignorance and unpleasant...
Persistent link: https://www.econbiz.de/10009323202
В статье рассмотрены основные проблемы асимметрии информации в отношениях принципала и агента с целью определения оптимального и эффективного соотношения...
Persistent link: https://www.econbiz.de/10011234058
This paper examines the practical implications of using high-frequency data in a fast and frugal manner. It recognises the continued widespread application of model free approaches within many trading and risk management functions. Our analysis of the relative characteristics of four model-free...
Persistent link: https://www.econbiz.de/10010730255
Persistent link: https://www.econbiz.de/10005726989
Consumer advice should reduce asymmetric information between consumer and supplier as well as provide confidence in markets. However, consumer advice itself is characterised by asymmetric information between adviser and consumer. The article figures out this aspect and shows how consumers cope...
Persistent link: https://www.econbiz.de/10008550492
George J. Stigler, in his Nobel price lecture of 1982, suggested that the economics of information could be applied to the marketplace of new economic ideas. Economists enter this marketplace ? economic knowledge ? principally on the demand side, where they attempt to distinguish new and...
Persistent link: https://www.econbiz.de/10008495639