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Team production is a frequent feature of modern organizations. Combined with team incentives, team production can create externalities among workers, since their utility upon accepting a contract depends on their team's performance and therefore on their colleagues' productivity. We study the...
Persistent link: https://www.econbiz.de/10010245995
The pace of the global decarbonization process is widely believed to hinge on the rate of cost improvements for clean energy technologies, in particular renewable power and energy storage. This paper adopts the classical learning-by-doing framework of Wright (1936), which predicts that cost will...
Persistent link: https://www.econbiz.de/10012587784
-sloping labor demand curve in the capital-producing sector, which in turn requires an implausibly strong externality. We show …
Persistent link: https://www.econbiz.de/10011545829
The provision of public goods often benefits a larger group than those who actively provide the public good. In an experimental setting, this paper addresses institutional arrangements between subjects who can provide a public good (insiders) and subjects who benefit from the public good but...
Persistent link: https://www.econbiz.de/10011480417
Receiving equal wages for work of equal value is a legal right in many countries. However, it remains unknown to what degree the neglect of this principle yields differences in pay between social and other occupations. The results of a task-based analysis with survey data confirm a notable wage...
Persistent link: https://www.econbiz.de/10011455517
Persistent link: https://www.econbiz.de/10011456192
magnitudes. I estimate social and externality benefits of influenza vaccination in two settings. First, using a natural … examine a setting with large potential externality benefits: vaccination mandates for health care workers. I find that the … social benefits of vaccination are substantial, most of benefits operate through an externality, and that the benefits of …
Persistent link: https://www.econbiz.de/10012060585
Persistent link: https://www.econbiz.de/10012063980
enactment of VPROs in Florida more than halved the negative externality from foreclosure. This finding is robust to a rich set … price effect of nearby foreclosures is a non-pecuniary externality where the failure to maintain or secure a property …
Persistent link: https://www.econbiz.de/10012122985
We develop a tractable model to study the macroeconomic impacts of limited arbitrage by linking arbitrage activities with the macroeconomy through collateralization. We show that the interactions between speculative trading and the business cycle can work as a powerful transmission mechanism,...
Persistent link: https://www.econbiz.de/10011626467