Showing 1 - 10 of 453
This paper models strategic interactions between a product supplier, a provider of information about product quality …, we assess the social welfare effects of traffic information under various road markets with different ownership regimes …. The results show that in this context, the distortive welfare effect of monopolistic information pricing appears small to …
Persistent link: https://www.econbiz.de/10011381856
relative contributions of involved agents are blurred; either by lack of information about the actual performance of … coarse performance information lead to bargaining asymmetries. In addition, we find that bargainers' subjective entitlements … are also influenced by performance information and the randomness inherent in the production process. These differences in …
Persistent link: https://www.econbiz.de/10013139800
relative contributions of involved agents are blurred; either by lack of information about the actual performance of … coarse performance information lead to bargaining asymmetries. In addition, we find that bargainers' subjective entitlements … are also influenced by performance information and the randomness inherent in the production process. These differences in …
Persistent link: https://www.econbiz.de/10013139946
In this paper we propose a modified gravity model that takes into account that a population generally consists of heterogeneous groups, and we suggest a new statistical test for heterogeneity. We apply our new model to two real world data sets, and it turns out that this new model fits the data...
Persistent link: https://www.econbiz.de/10012726198
accidents to promote safe driving. Can these mechanisms improve road safety efficiently? Do they reduce asymmetric information … between drivers and insurers and regulators? In other words, is there residual asymmetric information in observed … asymmetric information in road safety management and in automobile insurance contracting. We also propose a theoretical analysis …
Persistent link: https://www.econbiz.de/10013111921
accidents to promote safe driving. Can these mechanisms improve road safety efficiently? Do they reduce asymmetric information … between drivers and insurers and regulators? In other words, is there residual asymmetric information in observed … asymmetric information in road safety management and in automobile insurance contracting. We also propose a theoretical analysis …
Persistent link: https://www.econbiz.de/10010665574
worker can gather information on investment projects, while a manager makes the implementation decision. The manager can … monitor the worker. This allows her to better exploit the information gathered by the worker, but also reduces the worker …'s incentives to gather information in the first place. Both effects of monitoring are influenced by the interest alignment between …
Persistent link: https://www.econbiz.de/10008697171
This paper examines optimal redistribution in a model with high- and low-skilled individuals with heterogeneous tastes for labor. We compare the extent to which optimal policies based on different normative criteria obey the principles of compensation (for differential skills) and responsibility...
Persistent link: https://www.econbiz.de/10003949079
relative contributions of involved agents are blurred; either by lack of information about the actual performance of … coarse performance information lead to bargaining asymmetries. In addition, we find that bargainers' subjective entitlements … are also influenced by performance information and the randomness inherent in the production process. These differences in …
Persistent link: https://www.econbiz.de/10003994177
relative contributions of involved agents are blurred; either by lack of information about the actual performance of … coarse performance information lead to bargaining asymmetries. In addition, we find that bargainers' subjective entitlements … are also influenced by performance information and the randomness inherent in the production process. These differences in …
Persistent link: https://www.econbiz.de/10008779187