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Support for redistribution depends on whether inequality stems from differences in performance or luck, but different … sources of luck may impact redistribution differentially. We elicit redistribution decisions from a U.S.-representative sample … who observe worker earnings and whether luck influenced their earnings directly ("lucky outcomes") or indirectly by …
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expanding coal exports, Australia emerged as a net energy exporter. But both these forms of good luck are now running out â …
Persistent link: https://www.econbiz.de/10008539019
influences on remuneration. These influences can be seen as reflecting luck from the CEO’s perspective. In this chapter we … present a model for how to avoid compensating CEO for luck by filtering out the macroeconomic influences. In the empirical …
Persistent link: https://www.econbiz.de/10008553045
This paper investigates the relationship between relative earnings and giving in a twostage, real-effort experiment. In the first stage, four players compete in a tournament that determines their earnings. In the second stage, they decide whether they wish to transfer part of their earnings to...
Persistent link: https://www.econbiz.de/10008496354
This paper investigates the impact of luck, defined as global economic growth, and competence, defined as the … right is found to be sensitive to luck, whereas that of incumbent parties of the left is not. This is consistent with the … Clientele Hypothesis given electorates which fail to perfectly distinguish luck from competence. Economic competence plays a …
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Much of the current thinking about competitive strategy focuses on ways that firms can create imperfectly competitive product markets in order to obtain greater than normal economic performance. However, the economic performance of firms does not depend simply on whether or not its strategies...
Persistent link: https://www.econbiz.de/10009197451