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associated with it In particular we distinguish between employment hours and effort per worker and allow for adjustment costs …
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Collective decision procedures should balance the incentives they provide toacquire information and their capacity to aggregate private information. In a decisionproblem in which a project can be accepted or rejected once information about its qualityhas been acquired or not, we compare the...
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’sinvestment decision (like political risk) – substantiallydecreases investment. Also effort to obtain the capital usedfor investment …
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We first build a fair wage model in which effort varies over the business cycle. This mechanism decreases the need for …
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This paper shows that monitoring too much a partner in the initial phase of a relationship may not be optimal if the goal is to determine his loyalty to the match and if the cost of ending the relationship increases over time. The intuition is simple: by monitoring too much we learn less on how...
Persistent link: https://www.econbiz.de/10010261760
-monetary effort (like exercising). We first present the laissez-faire and the first best. Like Becker and Philipson (1998), we find … that the laissez-faire level of effort is too high compared with the first best, because individuals do not internalize the … impact of survival on the return of their savings. We also claim that because of its non-monetary form, effort is not …
Persistent link: https://www.econbiz.de/10010264575
managers between countries whereas in the second scenario relocation possibilities exist. Our findings show that the effort … towards more effort based pay. Moreover, the bonus tax negatively affects profits and dividends and thus the incidence falls …
Persistent link: https://www.econbiz.de/10010270463
We put together the different conceptual issues involved in measuring inequality of opportunity, discuss how these concepts have been translated into computable measures, and point out the problems and choices researchers face when implementing these measures. Our analysis identifies and...
Persistent link: https://www.econbiz.de/10010283980