Abstract. This paper studies the interplay between economic incentives and social norms in firms. Our main focus is on “efficiency norms, ” that is, norms that arise from workers ’ desire for, or peer pressure towards, social efficiency for the workers as a group. In a simple model of team

This paper studies the importance of incentives as a determinant of international trade flows. We argue that barter, countertrade and foreign direct investment can be seen as efficient institutions that mitigate contractual hazards which arise in technology trade, marketing and imperfect capital

The exclusivity conferred to inventors by intellectual property rights (IPRs) provide an ex ante incentive for innovation, but the resulting market power yields an ex post inefficiency (because it limits use of the innovation). Strong IPRs may also affect innovation by limiting access

In light of the current increase'in elementary and secondary 'school attendance coupled with a simultaneous decrease in college-age population between now and the end of the decade, this study assesse401) the role of economic factors in determining the number of teachers certified and (2

are those of the authors and not those of the National Bureau of Economic Research. NBER Working Paper #2406

A preference-Based Lucas Critique of Public Policy by

In the light of the recent policy debate on the desirability of hypothecated (earmarked) taxa-tion, this paper re-examines tax hypothecation in the context of a collective decision making process with various specifications of the relationship between voters and the legislature. A model is proposed in which the government and the electorate have potentially divergent preferences. A comparison is made between tax revenues and voter satisfaction under general fund financed public expenditures and expenditures financed by incremental and full public good-specific tax hypothecation.

We provide a game-theoretic analysis of countries ’ strategic allo-cations of resources to different sports and athletes performance at Olympic Games. Individuals are assumed to face opportunity costs of spending efforts to become elite athletes and countries are assumed to be medal number maximizers. We test the predictions of the model using Olympics data covering eleven Olympic Games (1960-2000). 1

-sourcing av statlig prosjektledelse. Summary: This study investigates the use of economic incentives in public project management. Economic incentives affect effort and decisions of project managers. It becomes crucial to link payment and bonuses to the relevant aspects of project management performance

time- or spell duration effects. There is a substantial business cycle element in all transition rates apart from transitions from employment to non-participation. Conditioned on observed covariates, there is a strong negative duration dependence in transitions from unemployment to employment. Economic