In this paper we provide an overview of the literature relating labour supply to taxes and welfare benefits with a focus on presenting the empirical consensus. We begin with a basic continuous hours model, where individuals have completely free choice over their hours of work. We then consider...

This paper analyzes in a large-scale field experiment (N = 2,980) the incentive effects of monetary vs. non-monetary incentives on the usage of a sustainable Demand Responsive Transport (DRT) system. Financial incentives were implemented by offering customers vouchers, which were received when...

Group-based incentive pay is attractive in contexts where production is complex and interdependent, yet freeriding is a paramount concern. We assess the introduction of group-based performance pay in a modern industrial production setting using difference-in-difference estimation. Performance...

This paper analyzes in a large-scale field experiment (N = 1425) whether gift vouchers stimulate the use of a demand responsive transportation (DRT) system. This scenario is compared to a situation where customers receive environmental certificates, which report the saved carbon dioxide as a...

Job search requirements constrain the effort choice of unemployment insurance recipients by enforcing a minimum number of monthly applications. This paper is the first to assess how individual search effort, job finding and job stability react to this constraint. Standard job search theory...

Dieser Beitrag skizziert die grundlegenden Gedanken von Karl Homanns Programm einer ökonomischen Ethik. Zunächst werden drei Rezeptionsschwierigkeiten identifiziert. Darauf aufbauend, wird in sieben weiteren Thesen erläutert, auf welche Problemstellung dieses Forschungsprogramm fokussiert ist...

Die ordonomische These, dass man von Walter Eucken als einem Klassiker der Ordnungsethik auch heute noch wichtige Lektionen lernen kann, wird in diesem Beitrag in fünf Schritten entwickelt. Der erste Argumentationsschritt identifiziert einige Rezeptionsschwierigkeiten, die einem angemessenen...

Dieser Beitrag wirft einen kritischen Blick auf die maßgeblich von Walter Eucken in den 1930er und 1940er Jahren ausgearbeitete ordnungspolitische Konzeption. Aus heutiger Sicht und insbesondere aus der Theorieperspektive des ordonomischen Forschungsprogramms werden zwei Defizite...

Performance fees for portfolio managers are designed to align the managers' goals with those of the investors and to motivate managers to aquire superior information and to make better investment decisions. A part of the literature analyzes performance fees on the basis of market valuation. In...

A large part of the theoretical tournament literature argues that rank-order tournaments only unfold their incentive effects if the contestants all have similar prospects of winning. In heterogeneous fields, the outcome of the tournament is relatively clear and the contestants reduce their...