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Analyses of a large retail scanner price data set reveal a new and surprising regularity – small price increases occur more frequently than small price decreases for price changes of up to 10¢. That is, we find asymmetric price adjustment “in the small.” Furthermore, it turns out that...
Persistent link: https://www.econbiz.de/10012140646
correlated with working time accounts. No significant effects of working time accounts can be detected on wages and on operating …
Persistent link: https://www.econbiz.de/10011427770
In this paper, we study how foreign ownership of Swedish companies affects employment and wages. To study these effects … employers bargain over employment and wages. Our hypothesis is that bargaining power is affected by institutional settings and … the period 1980-2005. The results indicate no significant impact of foreign ownership on employment or wages in Sweden. …
Persistent link: https://www.econbiz.de/10011991890
In the UK, the top executive remuneration policy is not geared towards the creation of value but compensation revisions are rather driven by changes in corporate size, measured by sales growth. This suggests that managing larger firms requires special managerial skills. Even in UK companies with...
Persistent link: https://www.econbiz.de/10010377541
Empirical studies on the earnings effects of tobacco use have found significant wage penalties attached to smoking. This article produces evidence that suggests that these estimates are significantly upward biased. The bias arises from a general failure in the literature to control for past...
Persistent link: https://www.econbiz.de/10010311150
. The study focuses on evaluating the impact of the contracting-out of these services on the wages and conditions of … savings for government, these resulted partly from a reduction in wages and benefits of former blue collar staff, despite the … best efforts of the Western Australian government to protect staff wages and benefits. The research makes an important …
Persistent link: https://www.econbiz.de/10010318135
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We address the following question: When can one person properly be said to be more delay averse than another? In reply, several (nested) comparison methods are developed. These methods yield a theory of delay aversion which parallels that of risk aversion. The applied strength of this theory is...
Persistent link: https://www.econbiz.de/10011599383
This paper extends the theory of temptation and self-control introduced by Gul and Pesendorfer (2001) to allow for increasing marginal costs of resisting temptation, that is, convex self-control costs. It also proves a representation theorem that admits a general class of self-control cost...
Persistent link: https://www.econbiz.de/10011599426