Showing 1 - 10 of 4,677
This paper analyzes intertemporal effort provision in two-stage tournaments. A principal with a fixed budget for prizes faces two risk-neutral agents. He observes noisy signals of effort in both periods. His goal is to maximize either total efforts (perfect substitutes) or the product of first-...
Persistent link: https://www.econbiz.de/10010338948
We conduct a contest experiment where participants can invest in increasing both the mean and the spread of an uncertain performance variable. Subjects are treated with different prize schemes and in accordance with theory we observe substantial investments in spread. We find that both types of...
Persistent link: https://www.econbiz.de/10011586585
Incentives based on esteem, honor and shame are increasingly popular and easy to use due to modern surveillance … Tirole (2011) to explore the effect of esteem-based incentives and their interaction with traditional monetary incentives. We … show that esteem-based incentives can indeed lead to a loss of control by generating multiple equilibria, some of which …
Persistent link: https://www.econbiz.de/10011844573
This paper uses as source material twenty-three autobiographical essays by Nobel economists presented since 1984 at … one planned in advance but one that evolved via the marketplace for ideas. -- Nobel economists ; economic thought …
Persistent link: https://www.econbiz.de/10003799843
This apology is neither a wholesale rejection of economic thought and perspective nor an admission of error in our understanding of ecological values or human impacts on the environment. Life is complex. It's an apology for the unintended damage that's resulted from misapplying economic ideas:...
Persistent link: https://www.econbiz.de/10013085457
Recent literature on Adam Smith and other 18th Scottish thinkers shows an engaged conversation between the Scots and today's scholars in the sciences that deal with humans — social sciences, humanities, as well as neuroscience and evolutionary psychology.We share with the 18th century Scots...
Persistent link: https://www.econbiz.de/10013020903
Which schools of thought are favored by German economists? What makes a good economist and which economists have been … ‘Verein für Socialpolitik’, the association of German speaking economists. An econometric analysis is used to identify to what … economists favor Neoclassics as a school of thought and appreciate the contributions of their Anglo-Saxon colleagues much more …
Persistent link: https://www.econbiz.de/10014202426
Should economists remain as detached scholars, pursuing their research to the satisfaction of themselves and fellow … policy? In this paper, Professor Daniel B. Klein addresses these issues, concluding that if economists want to be influential … which are relevent to policy. Five well known economists, John Fleming, Charles Goodhart, Israel Kirzner, Deirdre McCloskey …
Persistent link: https://www.econbiz.de/10014066542
We study how different demographic groups respond to incentives by comparing their performance in "high" and "low …
Persistent link: https://www.econbiz.de/10011996241
Persistent link: https://www.econbiz.de/10011283966