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Following recent empirical evidence which indicates the importance of rank for the determination of workers’ wellbeing, this paper introduces status seeking preferences in the form of rank-dependent utility functions into a moral hazard framework with one firm and multiple workers, but no...
Persistent link: https://www.econbiz.de/10005146923
Following recent empirical evidence which indicates the importance of rank for the determination of workers' wellbeing, this paper introduces status seeking preferences in the form of rank-dependent utility functions into a moral-hazard framework with one firm and multiple workers, but no...
Persistent link: https://www.econbiz.de/10005408851
Persistent link: https://www.econbiz.de/10010926121
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This paper studies the dominance-solvability (by iterated deletion of weakly dominated strategies) of plurality rule voting games. For K 3 alternatives and n 3 voters, we find sufficient conditions for the game to be dominance-solvable (DS) and not to be DS. These conditions can be stated in...
Persistent link: https://www.econbiz.de/10005747062