infonet-economy

We study the effects of a Danish wage subsidy program for highly educated workers on the performance of the persons and firms participating in the program. Using data on the population of program participants, both workers and firms, we find that the program had positive effects on employment and annual earnings during program participation while there are no positive effects for the…

This special sssue contains five papers from the 7th European Sport Economics Association (ESEA) Conference on Sports Economics. This conference was hosted by the Center for Research in Sports Administration (CRSA; http://www.crsa.uzh.ch (link is external)) August 27–28, 2015, at the University of Zurich in Switzerland. On the day prior to the…

„And for seizing the reins of the global media, for founding and framing the new digital democracy, for working for nothing and beating the pros at their own game, TIME’s Person of the Year for 2006 is you.“
LEV GROSSMAN, in TIME MAGAZINE
In 2006, the TIME Magazine selected “You” as the magazine’s Person of the Year. This award acknowledged the contribution millions of…

Bonus taxes have been implemented to prevent managers from taking excessive risks. This paper analyzes the effects of taxing executives’ bonuses in a principal–agent model. Our model shows that, contrary to its intention, the introduction of a bonus tax intensifies managers’ risk-taking behavior and decreases their effort. The principal responds to a bonus tax by offering the manager…

This paper develops an analytical approach to comparative political economy that focuses on the relative importance of different components of aggregate demand—in the first instance, exports and household consumption—and dynamic relations among the “demand drivers” of growth. We illustrate this approach by comparing patterns of economic growth in Germany, Italy, Sweden and the UK…

We introduce intention-based social preferences into mechanism design. We explore information structures that differ with respect to what is commonly known about the weight that agents attach to reciprocal kindness. When the designer has no information on reciprocity types, implementability of an incentive-compatible social choice function is guaranteed if it satisfies an additional…

Time is an extremely valuable resource but little is known about the efficiency of time allocation in decision-making. Empirical evidence suggests that in many ecologically relevant situations, decision difficulty and the relative
reward from making a correct choice, compared to an incorrect one, are inversely linked, implying that it is optimal to use relatively less time for…