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This paper analyzes the decisions made by juries at the Paris Labor Court. These juries (made up of two judges representing workers’ unions and two representing employers’ federations) decide how much money defendants (employers) should pay to plaintiffs (employees). Multiple cases are...
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The provision of local public services is increasingly being contracted out to private companies. We observe that local governments regularly choose the same private operator for a range of different services, and develop a model of relational contracts that shows how this strategy may lead to...
Persistent link: https://www.econbiz.de/10008794496
Legal frameworks, especially in Europe, encourage private participation and competition in the management of public services. However, many local public authorities concentrate the various services they have in charge in the hands of a single operator, leading to horizontal integration which a...
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We explore the impact of the self-serving bias on the supply and demand for redistribution. We present results from an experiment in which participants decide on redistribution after performing a real effort task. Dependent on individual performance, participants are divided into two groups,...
Persistent link: https://www.econbiz.de/10011444282
Estimating the demand for greener products may be challenging when these products are not yet on the market. We design an experiment to elicit the willingness-to-pay (WTP) for a novel product in a non-hypothetical way, despite the fact that the product is not marketed and thus cannot be...
Persistent link: https://www.econbiz.de/10014079339
Cost-benefit analysis lacks the appropriate tools to economically value animal well-being. I propose an easily-implementable framework to evaluate the social gains from policies regarding animals. The model considers both the welfare of animals and the utility that humans derive from animal...
Persistent link: https://www.econbiz.de/10014084172