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We study a model where a decision maker (DM) must select an adviser to advise her about an unknown state of the world. There is a pool of available advisers who all have the same underlying preferences as the DM; they differ, however, in their prior beliefs about the state, which we interpret as differences of opinion. We derive a tradeoff faced by the
Che, Yeon-Koo, Kartik, Navin
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An Incentive Based Dynamic Ride-Sharing System for Smart Cities
Connected and automated vehicle (CAV) technology, along with advanced traffic control systems, cannot ensure congestion-free traffic when the number of vehicles exceeds the road capacity.
Abu Saleh Md Bakibillah+4 more
doaj +1 more source
Cost of illness of atrial fibrillation: a nationwide study of societal impact
Background The prevalence of atrial fibrillation is increasing rapidly; however, to date, population-based data are lacking on the attributable cost of illness of atrial fibrillation from a societal perspective, including both direct and indirect costs ...
Søren Paaske Johnsen+4 more
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Rain gardens are gardens with a specific purpose. Designed as a shallow depression that captures stormwater runoff from impervious surfaces, rain gardens are planted with deep-rooted, wet/dry-cycle tolerant plants that enable the water to slowly permeate
Linda B. Jahnke, Michael R. Barnes
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Egalitarianism and Incentives [PDF]
A group of agents is collectively engaged in a joint productive activity. Each agent supplies an observable input, and output is then collectively shared among the members. A Bergson-Samuelson welfare function defined on individual utilities describes the social values of the agents. However, individual actions are taken on a selfish basis.
Kaoru Ueda, Debraj Ray, Debraj Ray
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Background The increasing number of people with chronic diseases challenges workforce capacity. Type 2 diabetes (T2D) can have work-related consequences, such as early retirement.
M. A. Nexo+4 more
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Background The number of people of working age suffering from chronic disease is increasing. Chronic diseases such as diabetes can cause negative work-related consequences in the form of early retirement or absenteeism.
Kristoffer Panduro Madsen+4 more
doaj +1 more source
Competition and incentives [PDF]
We report on two experiments that identify non-monetary incentive effects of competition. As the number of competitors increases, monetary incentives to engage in cost reduction tend to decrease. We test the hypothesis that there are non-monetary incentive effects of competition going in the opposite direction.
Lisa Fey+3 more
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“Big data” gives markets access to previously unmeasured characteristics of individual agents. Policymakers must decide whether and how to regulate the use of this data. We study how new data affects incentives for agents to exert effort in settings such as the labor market, where an agent's quality is initially unknown but is forecast from an ...
Liang, Annie, Madsen, Erik
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Aligning Ambition and Incentives [PDF]
Labor turnover creates longer term career concerns incentives that motivate employees in addition to the short term monetary incentives provided by the current employer. We analyze how these incentives interact and derive implications for the design of incentive contracts and organizational choice.
Eloic Peyrache+2 more
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