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Fairness, Incentives and Contractual Incompleteness

We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral hazard context. Incentive contracts that are optimal when there are only selfish actors become inferior when some agents are concerned about fairness. Conversely, contracts that are doomed to fail when there are only selfish actors provide powerful incentives and...

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English / 01/02/2001

Energy Tax Reform with Exemptions for the Energy-Intensive Export Sector (Revised Version wp 29)

The present paper applies a theoretical two-sector three-factor model to analyze a variety of energy tax reforms with the common feature of at least partly exempting the energy-intensive export sector from the tax. As a result, all scenarios with exemptions reduce energy less than the non-discriminating textbook version of the energy tax. Moreover, in the two scenarios that exemplify...

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English / 01/02/2001

Das Personenverkehrsabkommen Schweiz-EG: Ausgangslage, Neuregelungen und erwartete Auswirkungen aus der Perspektive einer Grenzregion

Referat an der Volkshochschule Rheintal in Heerbrugg vom 25.01.2001 in der Vortragsreihe "Die Schweiz und Europa"; Download der Präsentation:

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English / 25/01/2001

Contracted workdays and absence

We present results of a negative binomial model on the determinants of the number of days of absence in a given year for a sample of 2049 workers drawn from three factories. We find evidence of the terms of the remuneration contract being important and we offer an interpretation of the differential effect of the company sickpay scheme on the behaviour of workers contracted to work...

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English / 01/01/2001

Markov chain Monte Carlo analysis of correlated count data

This article is concerned with the analysis of correlated count data. A class of models is proposed in which the correlation among the counts is represented by correlated latent effects. Special cases of the model are discussed and a tuned and efficient Markov chain Monte Carlo algorithm is developed to estimate the model under both multivariate normal and multivariate-t assumptions...

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English / 01/01/2001

Investment and market dominance

We analyze a model of oligopolistic competition with ongoing investment. Special cases include incremental investment, patent races, learning by doing, and network externalities. We investigate circumstances under which a firm with low costs or high quality will extend its initial lead through investments. To this end, we derive a new comparative statics result for general games with...

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English / 01/01/2001

Skill supply, supervision requirements and unemployment of low-skilled labor

This paper presents a model with flexible wages in which unemployment of low-skilled labor is possible in equilibrium, whereas high-skilled workers are fully employed. Thus, the model can explain why even in countries with flexible labor markets and full employment of skilled labor an employment problem exists at the bottom of the skill spectrum. The model is used to evaluate the...

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English / 01/01/2001

On the use of willingness-to-pay studies in health

Health policy makers know that their decisions affect the chances of well-being and survival of individuals and that they implicitly are valuing human lives. Evidence with regard to willingness-to-pay (WTP) informs about the value individuals themselves put on these chances; it thus holds the promise of contributing to consistent decisions that lead to an improved benefit-cost ratio...

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English / 01/01/2001

Eine Gesundheitspolitik fur das 21. Jahrhundert: Zehn Reformvorschläge

This contribution purports to come up with reform proposals that promise to improve the benefit-cost ratio in health from the point of view of taxpayers and (potential) patients. It starts by noting that a high and increasing share of health care expenditure in the GDP does not per se indicate a need for reform. Rather, the guiding idea is that decisions in the health care sector...

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Deutsch / 01/01/2001

Investigating the shape of the EKC: a nonparametric approach

FEEM Note di Lavoro Series CLIM

Institution partenaire

Université de Genève

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English / 01/01/2001

L’impertinence utile de la société civile

Cette contribution est un bref repère conceptuel sur la société civile, ses évolutions à travers l’histoire des idées, les clivages entre les auteurs qui privilégient le contrat social et ceux qui se font les promoteurs de l’action individuelle. L’article évoque également les formes et les antagonismes de la société civile en liaison avec les pratiques politiques, les luttes sociales...

Institution partenaire

Université de Genève

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Français / 01/01/2001

La société civile : un concept de son espace-temps

Ce texte présente les articles composant le numéro collectif en insistant sur la pluralité des approches théoriques et des contextes particuliers. En outre, une synthèse typologique est proposée en mettant en relief les points communs et les différences entre les études de cas.

Institution partenaire

Université de Genève

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Français / 01/01/2001

U.S. - EU Relations : Drifting Apart? Disssociative and Associative Approaches

This chapter exposes exaggerations and sometimes even the objectives errors which have appeared in the 'dissociative approach' : those researchers who have wrongly predicted a dislocation of the transatlantic link after the end of the Cold War. This study mainly analyses the reasoning which led to affirm that NATO was condemned to disappeart, that the Uruguay Round...

Institution partenaire

Université de Genève

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English / 01/01/2001

Long run recursive VAR models and QR decompositions

Long-run recursive identification schemes are very popular in the structural VAR literature. This note suggests a two-step procedure based on QR decompositions as a solution algorithm for this type of identification problem. Our procedure will always deliver the exact solution and it is much easier to implement than a Newton-type iteration algorithm. It may therefore be very useful...

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English / 01/01/2001

More international evidence on the historical properties of business cycles

This paper establishes stylized facts about business cycles in the late 19th century, using spectral analysis techniques which allow an intuitive description and analysis of cyclical structure in economic fluctuations. Analysis of industrial production data for 13 countries permits the following generalizations. In the advanced North Atlantic economies, a fairly regular long cycle...

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English / 01/01/2001

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