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bargaining, leading to stronger effort incentives and higher output. However, it also reduces incentives for labor market …
Persistent link: https://www.econbiz.de/10003850266
bargaining, leading to stronger effort incentives and higher output. However, it also reduces incentives for labor market …
Persistent link: https://www.econbiz.de/10009697870
We reconsider Laussel and Palfrey's (2003) analysis of private provision of a discrete public good via the subscription game. We show that the equilibria they define as semi-regular do not exist. Taking players' values for the public good as uniformly distributed on [vl, vh] with vl 0, we...
Persistent link: https://www.econbiz.de/10014050790
to suboptimal incentives. When a regulated firm compares the marginal change in its cost norm with its marginal cost of … that the eight-year catch-up period allowed in this regulation gives strong incentives to reduce costs since the firms can … the other hand, this scheme also provides very weak quality incentives since it takes eight years before the extra cost of …
Persistent link: https://www.econbiz.de/10012514429
A logical strategy to contain the COVID-19 pandemic is to completely isolate everyone for two weeks (the incubation period of the virus). However, such a strategy can have prohibitive economic and social costs and, therefore, will be difficult to implement. At the same time, the current...
Persistent link: https://www.econbiz.de/10012839401
Blockchain technology is subject to security vulnerabilities resulting from recent developments in quantum computing and cryptography. All the while, the technical complexities of blockchain’s peer-to-peer system require the intervention of third-party intermediaries to facilitate financial...
Persistent link: https://www.econbiz.de/10013241220
In the paper the author represents the system dynamic model of taxes income and it action results. The system dynamic is one from systems research methods, which analyses the systems in time depending from structure of system elements and their mutual influence, including reasons connections,...
Persistent link: https://www.econbiz.de/10008742994
Persistent link: https://www.econbiz.de/10011921929
Persistent link: https://www.econbiz.de/10014381487
The study aims to test whether the unbalanced structure of indigenous workforce offer in developed economies, such as Germany, originates both in the structure of rewards associated with each type of job in accordance with the required education level and also in the algorithm of their...
Persistent link: https://www.econbiz.de/10011725122