Showing 61 - 70 of 335
We examine the effects of different sequences of work and rest on the daily productivity of workers who planted trees in the province of British Columbia, Canada, comparing the intertemporal productivity profiles of planters who were paid either fixed wages or piece rates. We find that planters...
Persistent link: https://www.econbiz.de/10005796019
Persistent link: https://www.econbiz.de/10005796020
If there is asymmetry among the bidders taking part in a first price auction, the equilibrium is not expost efficient. We consider a simple model of first price auction among two bidders where resale always occurs in case of inefficiency. We obtain mathematical formulas for the equilibrium...
Persistent link: https://www.econbiz.de/10005796021
In this paper, we show that replacing a public-education regime by a private regime with public subsidization of education, causes agents to completely internalize the effect, on their offspring education, of their fertility decisions. As a result, fertility is lower compared to a public regime,...
Persistent link: https://www.econbiz.de/10005796022
I provide a complete characterization of Nash implementable allocations of spending in prevention by judgement-proof injurers. This characterization is used to identify the optimal rule that allows for the maximum total spending in prevention. The optimal rule amounts to apply the negligence...
Persistent link: https://www.econbiz.de/10005796023
In this paper, we provide another reason that may explain the adoption of the hub-and-spoke network structure in the airline industry. We show that when an airline has to decide on its capacity before the demand conditions are perfectly known, a hub-and-spoke network structure by pooling...
Persistent link: https://www.econbiz.de/10005796024
Cet article illustre les difficultés inhérentes au processus démocratique à partir des résultats d'une consultation tenue à l'Université Laval, dans le cadre de la nomination d'un doyen. Lors de ce scrutin, les votants devaient en principe ordonner tous les candidats, au nombre de quatre....
Persistent link: https://www.econbiz.de/10005796025
Persistent link: https://www.econbiz.de/10005796026
Les objectifs fixés par l'accord de Kyoto, s'ils seront respectés, imposent des changements fondamentaux dans la structure de l'économie nord-américaine. Ce texte met en évidence l'ampleur du défi de Kyoto en décrivant clairement l'inertie historique dans l'industrie électrique...
Persistent link: https://www.econbiz.de/10005796027
The last 20 years have seen a significant evolution in the literature on horizontal inequity (HI) and have led to two major and "rival" methodological strands, namely, classical HI and reranking. We propose in this paper a class of ethically flexible tools that integrate these two strands. This...
Persistent link: https://www.econbiz.de/10005796028