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theory we then provide a summary of empirical estimates and the methodology underlying the studies. Our conclusion is that …
Persistent link: https://www.econbiz.de/10010268568
asymmetric social interactions where only one (social) individual derives positive or negative utility from the leisure of the …
Persistent link: https://www.econbiz.de/10010268569
paper presents a model of killing versus enslaving Caesar, based on a new theory which unifies justice, status, and power …
Persistent link: https://www.econbiz.de/10010268571
In this paper, we attempt to understand the determinants of mobility by introducing the concept of local social capital. Investing in local ties is rational when workers anticipate that they will not move to another region. Reciprocally, once local social capital is accumulated, incentives to...
Persistent link: https://www.econbiz.de/10010268578
rationing risk that might prevent individuals from realizing their optimal labor supply state, resulting in involuntary …
Persistent link: https://www.econbiz.de/10010268581
We develop a model where information about jobs is essentially obtained through friends and relatives, i.e. strong and weak ties. Workers commute to a business center to work and to interact with other people. We find that housing prices increase with the level of social interactions in the city...
Persistent link: https://www.econbiz.de/10010268582
Many decision models in marketing science and psychology assume that a consumer chooses by proceeding sequentially … through a checklist of desirable properties. These models are contrasted to the utility maximization model of rationality in … indifference classes increases. Checklists therefore provide a rapid procedural basis for utility maximization. …
Persistent link: https://www.econbiz.de/10010268583
. By focusing on the right-to-manage wage bargaining we assume that wage is negotiated after the capital stock decision …. With Cobb-Douglas utility and production functions the steady state is unique and the steady state capital stock depends …
Persistent link: https://www.econbiz.de/10010268603
socially desirable. A higher level of employment risk in turn depresses the skill premium and the incentives to invest in …
Persistent link: https://www.econbiz.de/10010268607
demonstrated diminishing marginal utility of income. I show not, and that knowing r(.)'s curvature is crucial. A quasi …
Persistent link: https://www.econbiz.de/10010268613