Showing 101 - 110 of 14,608
This paper constructs a simple model of pair-wise tournament competition to investigate categorical redistribution in winner-take-all markets. We consider two forms of redistribution: category-sighted, where employers are allowed to use categorical information in pursuit of their redistributive...
Persistent link: https://www.econbiz.de/10005830196
We study the initial assignment of ownership of a good. When the good is sold at the market-clearing price, wealthy agents may acquire it instead of poor agents who value it more highly, all else equal. Non-market assignment schemes such as random rationing may allocate the good more efficiently...
Persistent link: https://www.econbiz.de/10005836934
In the Solidarity Game (Selten and Ockenfels, 1998) lucky winners of a lottery can transfer part of their income to unlucky losers. Will losers get smaller transfers if they can be assumed to be (partly) responsible for their zero income because they have chosen riskier lotteries (Trhal and...
Persistent link: https://www.econbiz.de/10009421957
In a laboratory-controlled environment we provide experimental evidence on the effects of transparency (complete over incomplete information) and empowerment on trust (investment by a principal) and trustworthiness (reciprocal behavior of an agent). We implement a simple two-person investment...
Persistent link: https://www.econbiz.de/10010699611
What can ICT bring for the inhabitants of 600,000 Indian villages? How India is empowering the poor and marginalised citizens to participate in the emerging knowledge society? How will India provide voice to her millions of citizens? "Taking ICT to every Indian village: Opportunities and...
Persistent link: https://www.econbiz.de/10014058737
This paper provides risk/reward evaluation and legal analysis of foreign investing under Cuban Law No. 118 (2014). Section I addresses dynamic changes in Cuba since 2008. Section II examines reforms of Cuban foreign investment laws. Section III explores investment options such as import/export,...
Persistent link: https://www.econbiz.de/10013003178
Behind a Veil of Ignorance, the Social Planner's problem of choosing from a collection of diverse wellbeing distributions is akin to a problem of individual decision making under uncertainty. This interpretation provides a rationale for applying the concept of Stochastic Dominance Optimality in...
Persistent link: https://www.econbiz.de/10012967067
Do we praise altruistic acts because they produce social benefits or because they entail a personal sacrifice? Across five studies, we find that people mainly rely on personal cost rather than social benefit when evaluating prosocial actors. This occurs because sacrifice, but not benefit, is...
Persistent link: https://www.econbiz.de/10014033249
Mundell (1961) claimed that the viability of a currency union relies on the degree of labour mobility. In the present paper an attempt is made to introduce a test for the viability of a currency union. To this end author will try to measure in European countries the relative real wage rigidity...
Persistent link: https://www.econbiz.de/10013148538
This paper combines the Aiyagari/Huggett–type standard incomplete markets model with the Arrow/Romer approach to growth to analyze feedback effects between growth and inequality, both endogenously determined in equilibrium. We derive conditions on existence/ nonexistence of balanced growth...
Persistent link: https://www.econbiz.de/10013087716