infonet-economy

The visual system rapidly extracts information about objects from the cluttered natural environment. In 5 experiments, the authors quantified the influence of orientation and semantics on the classification speed of objects in natural scenes, particularly with regard to object-context interactions. Natural scene photographs were presented in an object-discrimination task and pattern…

We study the role of peer groups in determining the structure and the total amount of executive compensation. Our analysis is based on a standard agency model in which the agent's reservation utility is related to the peer group used for performance evaluation. Our main result is that the informativeness criterion proposed by Holmström (1979) is neither a necessary nor a…

We argue that one major cause of the U.S. postwar baby boom was the increased demand for female labor during World War II. We develop a quantitativendynamic general equilibrium model with endogenous fertility and female labor-force participation decisions. We use the model to assess the long-term implications of a one-time demand shock for female labor, such as the one experienced by…

This paper applies the five modified standard criteria generally used in economics for assessing system performances to gauge the contribution of Managed Care to the performance of three health care systems, viz. Germany, the Netherlands and the United States. The maximum contribution of Managed Care to the performance of the health care system is found for the United States and the…

Rules on abuse of dominance are used to find a balance between three objectives: 1) ensuring enough competition between firms in order to force them to be efficient and to compete on merit, 2) allowing a certain degree of profitability so that companies have incentives to become more efficient, and 3) achieving an equal distribution of wealth and business opportunities among…

Many scholars have recently argued that nation-state—centered approaches in comparative sociology and political science are obsolete. In this view, we have entered, or are about to enter, a new “postnational” or “transnational” era characterized by complex and qualitatively new patterns of multilevel governance, in which the nation-state still plays a role, though a drastically…

This essay reviews recent and less recent literature on the consequences of social movements and protest activities. It focuses on three types of consequences: political, personal and biographical, and cultural. Political consequences and, in particular, policy outcomes receive most attention, as they are those which have been addresses most often by students of social movements. The…

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In this paper, we discuss the implementation of various…

We investigate the wage effects of privatization using person-level firm-based panel datasets from one privatized and one nonprivatized public sector firm in the same country for the years immediately before and after privatization. Thus, we can analyze the before-after effects of privatization while controlling for individual and time fixed effects and allowing for firm-specific…