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Human utility embodies a number of seemingly irrational aspects. The leading example in this paper is that utilities often depend on the presence of salient unchosen alternatives. Our focus is to understand <i>why</i> an evolutionary process might optimally lead to such seemingly dysfunctional features...
Persistent link: https://www.econbiz.de/10011599367
information provided by the latter irreplaceable render its use for diagnostic approaches financial foundation. An efficient … information system can provide relevant indicators to users based on accurate and real information and financial analysis results … information it produces, into analysts’ work. The used research method is the bibliographic one, being studied timely books and …
Persistent link: https://www.econbiz.de/10012017065
A contestant’s effort depends on her knowledge of her rival’s type. This knowledge is often limited in real-life contests. We propose a model where the principal of a contest has commitment power to verifiably disclose contestants’ types. We investigate the optimal disclosure policy to...
Persistent link: https://www.econbiz.de/10014497469
We present an electoral theory on the public provision of local public goods to an imperfectly informed electorate. We show that electoral incentives lead to greater spending if the electorate is not well informed. A more informed electorate induces candidates to target funds only to specific...
Persistent link: https://www.econbiz.de/10012215297
What are the value and form of optimal persuasion when information can be generated only slowly? We study this question … in a dynamic model in which a `sender' provides public information over time subject to a graduality constraint, and a … sender's equilibrium value function and information provision. We show that the graduality constraint inhibits information …
Persistent link: https://www.econbiz.de/10014536988
Gamification as the use of game mechanisms for motivation in non-game contexts has been gaining popularity and is considered one of the hottest topics in management. However, there is little research on gamification in remuneration systems, especially with regard to the sales force. The article...
Persistent link: https://www.econbiz.de/10014544501
It may be surprising that one of the most popular compensation schemes in business is so open to being hacked - to having managers cheat to win. We explore tournament theory to detail its vulnerabilities to various forms of cheating unilateral and multilateral. We identify who is most likely to...
Persistent link: https://www.econbiz.de/10013327680
During the Corona pandemic, access to reliable information is particularly relevant in order to be able to take … protective measures. However, migrants and refugees in transit and residence countries often lack such access to information …. This opens the opportunity for alternative sources of raising awareness and information. Corona Songs about COVID-19 and …
Persistent link: https://www.econbiz.de/10012692487
The paper shows that an IMF-like coinsurance arrangement among countries can play a useful role in the global financial system. The operation of the coinsurance arrangement is examined under different loan contracts. It shows that, if the IMF?s objective is to safeguard its resources and be...
Persistent link: https://www.econbiz.de/10010295311
of their children's schools. In this paper, we assess the effect of public information of school quality on the school … 1996, information regard - ing school performance was scarce, it was widespread in 2003. We conclude that regardless of …' they knew it when choosing a school. Nevertheless, making public the information regarding the performance of the schools …
Persistent link: https://www.econbiz.de/10011538737