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This paper analyzes the determinants of governance transparency. In our model, entrepreneurs optimally decide the precision of their earning reporting by trading off the possibility of expropriating profits against the capacity to attract external funding.We find that information is only...
Persistent link: https://www.econbiz.de/10009756942
constitutes a rational response to a time allocation problem, their reaction to incentives appears myopic in other dimensions. …
Persistent link: https://www.econbiz.de/10010378353
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It has been argued that monetary incentives restrain individual creativity and hamper performance in jobs requiring out … also when individuals work together to solve such problems. We do not find a negative impact of incentives on group … performance. As a comparison we ran the same experiment (the Candle Problem) with and without incentives for individuals as well …
Persistent link: https://www.econbiz.de/10009786022
Early studies often found that offering economic incentives for undertaking prosocial and intrinsically motivated … related to whether crowding out (or substitution) is likely to occur. In many cases, incentives succeed in encouraging more … prosocial behavior and are also cost-effective. However, although the substitution of external incentives for intrinsic …
Persistent link: https://www.econbiz.de/10011434072
The paper presents an axiomatic restatement of the standard approach to nonlinear income taxation. It assumes a finite number of taxpayers rather than an uncountable infinity. Analytical tools are developed which facilitate proving the existence of tax schedules that are continuous,...
Persistent link: https://www.econbiz.de/10011525880
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institutional moral hazard in a multi-tiered UI system, and give examples of monitoring methods and incentives to ameliorate such …
Persistent link: https://www.econbiz.de/10011554136
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