Showing 1 - 10 of 517
This paper analyzes intertemporal effort provision in two-stage tournaments. A principal with a fixed budget for prizes faces two risk-neutral agents. He observes noisy signals of effort in both periods. His goal is to maximize either total efforts (perfect substitutes) or the product of first-...
Persistent link: https://www.econbiz.de/10010338948
non-financial incentives and test their effect on effort and performance of students. Our identification strategy exploits … cross-cohort experimental variation in assessment rules and within course variation in incentives to determine their impact … on the performance in exams. We find these incentives to result in an increase in grades of 2.4 marks or about 4%. The …
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This paper complements research on how love of wealth bears on key variables in a Ramsey-Cass-Koopmans growth framework. It is shown that for an optimum the social planner cannot have an excessive love of wealth. If the planner has the 'right' love of wealth an optimum exists and implies higher...
Persistent link: https://www.econbiz.de/10010482448
Which are the new frontiers in central banking? Which things have changed in the aftermath of the financial, economic and sovereign debt crisis? These are questions raised frequently by central bankers, academics and interested observers alike. There are quite a few areas to cover in answering...
Persistent link: https://www.econbiz.de/10011754571
Economists have a long tradition in identifying the evolution of cooperation in large, unstructured societies as a …
Persistent link: https://www.econbiz.de/10010483272
We find new equilibria of minimum-revenue core-selecting (MRCS) auctions that, in contrast to previously identified equilibria, involve overbidding - bidding more than one's true value for some packages of goods. With full information, every MRCS auction in every possible setting has equilibria...
Persistent link: https://www.econbiz.de/10010339391
al (2011) argue that with increasing volatility, incentives to invest in flexible resources should be implemented in … incentives of achievable full load hours does not need additional incentives for flexibility. …
Persistent link: https://www.econbiz.de/10010342120
This paper studies the influence of shared guilt and diffused responsibility in institutions that may require the support of several actors to realize specific outcomes. Decision makers weigh supporting an immoral yet egoistically advantageous action to the detriment of a third party against...
Persistent link: https://www.econbiz.de/10010487722