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Decentralised Job Matching
Haeringer, Guillaume; Wooders, Myrna - 2003
This paper studies a decentralised job market model where firms (academic departments) propose sequentially a (unique) position to some workers (Ph.D. candidates). Successful candidates then decide whether to accept the offers, and departments whose positions remain unfilled propose to other...
Persistent link: https://www.econbiz.de/10011325139
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Decentralised job matching
Haeringer, Guillaume; Wooders, Myrna Holtz - 2003
This paper studies a decentralised job market model where firms (academic departments) propose sequentially a (unique) position to some workers (Ph.D. candidates). Successful candidates then decide whether to accept the offers, and departments whose positions remain unfilled propose to other...
Persistent link: https://www.econbiz.de/10011593289
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Government intervention need for social security improvement in the Democratic Republic of the Congo : a theoretical analysis using the principal-agent model
Luzolo, Didier Mumpambala - 2016
African populations need better support through social protection mechanisms. Among those who need social security are millions of older people who, having worked all their lives in the formal sector, are in precarious situations with lower benefits. This study aims to appreciate theoretically,...
Persistent link: https://www.econbiz.de/10011581094
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Implementable Mechanisms for Discrete Utility Functions, A Solution Using Tropical Geometry
Chitiva, Julian - 2019
For mechanisms with two possible outcomes and a unique agent with two posible types, we state sufficient and necessary conditions over the type space that guarantees the existence of an incentive compatible mechanism. By using tropical geometry, we found that these conditions rely only on the...
Persistent link: https://www.econbiz.de/10012861900
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Hidden action, identification, and organization design
Schnedler, Wendelin - 2010
-tasking problem. -- moral hazard ; hidden action ; implementation ; multi-tasking ; identification by organization design …
Persistent link: https://www.econbiz.de/10009303451
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Hidden action, identification, and organization design
Schnedler, Wendelin - 2010 - This version: November 2010
Incentives often fail in inducing economic agents to engage in a desirable activity; implementability is restricted. What restricts implementability? When does re-organization help to overcome this restriction? This paper shows that any restriction of implementability is caused by an identifi...
Persistent link: https://www.econbiz.de/10008758145
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Dynamic Adverse Selection and Belief Update in Credit Markets
Jang, Inkee - 2020
We develop a dynamic model of debt contracts with adverse selection and belief updates. In the model, entrepreneurs borrow investment goods from lenders to run businesses whose returns depend on entrepreneurial productivity and common productivity. Entrepreneurial productivity is the...
Persistent link: https://www.econbiz.de/10012840518
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(Interim) Bayesian efficiency implies two-agent Bayesian implementation
Korpela, Ville - 2020
We study the relationship between two-agent implementation problems and the notionof interim efficiency due to …, Bayesianefficiency, and show that it is sufficient for implementation of social choice functions.We also show that this condition is … sufficient for implementation of social choice setsunder a weak domain restriction - in particular, no economic condition is …
Persistent link: https://www.econbiz.de/10012852742
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Debt, Equity, and Information
Buehlmaier, Matthias M. M. - 2020
Most firms issue financial assets such as debt or equity (e.g. bonds or stock) to outside investors. While these financial assets differ greatly in their characteristics, their diversity has received little attention in the literature. Filling this important gap in the literature, this paper...
Persistent link: https://www.econbiz.de/10012857527
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Incentives, ability and disutility of effort
Martinez-Gorricho, Silvia; Villalba, Miguel Sanchez - In: SERIEs : Journal of the Spanish Economic Association 12 (2021) 3, pp. 453-487
We generalize the disutility of effort function in the linear-Constant Absolute Risk Aversion (CARA) puremoral hazardmodel.We assume that agents are heterogeneous in ability. Each agent's ability is observable and treated as a parameter that indexes the disutility of effort associated with the...
Persistent link: https://www.econbiz.de/10012612627