Showing 91 - 100 of 1,209
We present the results of an experiment measuring social preferences within couples in a context where intra-household pay-off inequality can be reduced at the cost of diminishing household income. We measure social norms regarding this efficiency-equality trade-off and implement a cross-country...
Persistent link: https://www.econbiz.de/10010598527
Multiissue negotiations present opportunities for tradeoffs that create gains for one or more parties without causing any party to be worse off. The literature suggests that parties are often unable to identify and capitalize on such trades. We present a Negotiation Support System, called...
Persistent link: https://www.econbiz.de/10009214680
The conventional search and matching model has been criticized for its inability to explain large cyclical volatility in the vacancy-unemployment ratio without ad hoc assumptions of wage rigidity. This paper presents a mechanism of such volatility without assuming wage rigidity by showing that...
Persistent link: https://www.econbiz.de/10009228915
This note derives the dynamic programming equation (DPE) to a differentiable Markov Perfect equilibrium in a problem with non-constant discounting and general functional forms. We begin with a discrete stage model and take the limit as the length of the stage goes to 0 to obtain the DPE...
Persistent link: https://www.econbiz.de/10010537324
We study the regulation of a morally responsible agent in the context of a negative consumption externality and motivation crowding. In particular, we analyze how various governmental interventions affect the agent’s motivation to assume moral responsibility. Employing a motivation-crowding...
Persistent link: https://www.econbiz.de/10010551732
Recently Talman and Yang (2008) examined an assignment market under price control. In the market a number of heterogeneous items are to be sold to several bidders. Each bidder has a valuation on each item. The seller has a reservation price for every item. Meanwhile every item has a ceiling...
Persistent link: https://www.econbiz.de/10010618321
Persistent link: https://www.econbiz.de/10009326733
This study take into discussion the problem of underlay the decisions, which are particularly complex and actual, based of an important volume of information, which need an important quantity of work. From our investigations, we conclusion that some inconvenient can be evitable by use also of...
Persistent link: https://www.econbiz.de/10009393082
In finite markets with short-selling, conditions on agents' utilities insuring the existence of efficient allocations and equilibria are by now well understood. In infinite markets, a standard assumption is to assume that the individually rational utility set is compact. Its drawback is that one...
Persistent link: https://www.econbiz.de/10009401085
To mitigate pollution this note advocates a two-component system. The polluter pays for the damage he causes and for the opportunity to do so. The main motivation is to achieve Pareto e¢ ciency while avoiding problems caused by asymmetric information and strategic moves. The proposed regime...
Persistent link: https://www.econbiz.de/10008919565