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Efficiency wages and collective bargaining : theory and evidence
Straka, John W. - 1989
Persistent link: https://www.econbiz.de/10000860360
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Aging, probability weighting, and reference point adoption : an experimental study
Suzuki, Ayako (contributor); Kume, Koichi (contributor) - 2008
incentives. We estimate the parameterized models in the framework of cumulative prospect theory and examine the risk aversion … elderly group’s behavior departs more from the traditional expected utility theory than does the young group’s behavior …. -- age ; cumulative prospect theory ; risk aversion ; probability weights ; reference point …
Persistent link: https://www.econbiz.de/10003757815
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Social anchor effects in decision-making under ambiguity
Lahno, Amrei M. - 2014
I experimentally examine whether feedback about others' choices provides an anchor for decision-making under ambiguity. In a between-subjects design I vary whether subjects learn choices made individually by a "peer" in a first part when facing the same task a second time, and whether prospects...
Persistent link: https://www.econbiz.de/10010364762
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The appeal of information transactions
Cabrales, Antonio; Gossner, Olivier; Serrano, Roberto - 2012
An information transaction entails the purchase of information. Formally, it consists of an information structure together with a price. We develop an index of the appeal of information transactions, which is derived as a dual to the agent's preferences for information. The index of information...
Persistent link: https://www.econbiz.de/10009633817
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Geschenkaustausch in der modernen Volkswirtschaft: eine Fallstudie im Geiste Karl Büchers
Backhaus, Jürgen G.; Erlei, Mathias - In: Beiträge zur Finanz- und Wirtschaftspolitik : …, (pp. 13-48). 1999
Persistent link: https://www.econbiz.de/10001453340
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Profit sharing and reciprocity : theory and survey evidence
Cornelißen, Thomas; Heywood, John S.; Jirjahn, Uwe - 2010
The 1/n problem potentially limits the effectiveness of profit sharing in motivating workers. While the economic literature suggests that reciprocity can mitigate this problem, it remains silent on the optimal degree of reciprocity. We present a representative model demonstrating that...
Persistent link: https://www.econbiz.de/10010356085
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Three essays in macroeconomics
Rhee, Changyong - 1989
Persistent link: https://www.econbiz.de/10000802302
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Trade unions after Donovan
McGregor, Peter - 1970
Persistent link: https://www.econbiz.de/10001460081
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On the nature and scope of the firm : an adjustment-cost theory
Wernerfelt, Birger - In: The journal of business : B 70 (1997) 4, pp. 489-514
Persistent link: https://www.econbiz.de/10001228878
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Counter intuitive learning : an exploratory study
Hanaki, Nobuyuki; Kirman, Alan P.; Pezanis-Christou, Paul - 2016
The literature on learning in unknown environments emphasises reinforcing on actions which produce positive results. But, in some cases, success requires shifting from a currently successful actions to others. We examine, experimentally and theoretically in a very simple framework, how...
Persistent link: https://www.econbiz.de/10011517970