Showing 1 - 10 of 707
absence of commitment, the equilibrium transfer is unambiguously larger than the optimal fiscal gap, resulting in a positive …
Persistent link: https://www.econbiz.de/10005823469
We analyze in a game between a patient player 1 and a non-myopic but less patient opponent, player 2. We assume that Player 1's type is private information and that players do not directly observe each other's action but rather see an imperfect signal of it. We show that in any Nash equilibrium...
Persistent link: https://www.econbiz.de/10005824443
optimal contracts with and without commitment and derive an exclusion restriction that is useful to identify the relevant … commitment scenario. The empirical analysis takes advantage of a data set from Spanish soccer player contracts. Our test rejects … the commitment hypothesis, which entails the acceptance of the existence of contractual incompleteness in the data. We …
Persistent link: https://www.econbiz.de/10005839090
In economic discussions, currency board systems are frequently described as arrangements with self-binding character to the monetary authorities by their strict rules and establishments by law. Hard pegs and especially currency boards are often seen as remedies to overcome economic and financial...
Persistent link: https://www.econbiz.de/10005839145
We re-examine optimal monetary policy when lump-sum taxes are unavailable. Under commitment, we show that, with …. Instead it may tend to the critical debt level at which there is no cheating incentive under commitment, and inflation and …
Persistent link: https://www.econbiz.de/10005807996
-being with a cross-national perspective. We examined identity considering the interplay of three processes (i.e., commitment, in …-depth exploration, and reconsideration of commitment) and we treated well-being as a multidimensional latent variable, whose indicators … identity domains findings indicated that well-being was consistently associated with high commitment, high in-depth exploration …
Persistent link: https://www.econbiz.de/10011241410
differentiation of the product is horizontal. Consumers have an ex-ante ideal product (“commitment preferences”), but they and the …
Persistent link: https://www.econbiz.de/10011241943
looks at what factors determine supplier’s ongoing commitment and how to build strong enduring supply chain relationships …
Persistent link: https://www.econbiz.de/10011150978
degree of total risk of a project, the greater the cost of capital; b) the less the entrepreneur's commitment on the project … the benefits of commitment reduction. …
Persistent link: https://www.econbiz.de/10011157695
We consider a job contest in which candidates go through interviews (cheap talk) and are subject to reference checks. We show how competitive pressure - increasing the ratio of "good" to "bad" type candi- dates - can lead to a vast increase in lying and in some cases make bad hires more likely....
Persistent link: https://www.econbiz.de/10011158381