Results 141 to 150 of about 1,067,568 (299)
Gendered Effects of the Minimum Wage
International Economic Review, EarlyView.ABSTRACT Women work disproportionately in low‐hours jobs, which pay lower wages and are more exposed to minimum‐wage policies. We estimate an equilibrium search model with worker and firm heterogeneity, jobs differing in wages and hours, and imperfect compliance. Applied to Germany, the 8.50 € minimum wage reallocates women toward higher‐hours jobs and
Alessandro Di Nola, Haomin Wang
wiley +1 more source
Stochastic Approximation, Momentum, and Nash Play [PDF]
Main objects here are normal-form games, featuring uncertainty and noncooperative players who entertain local visions, form local approximations, and hesitate in making large, swift adjustments.
Flåm, Sjur Didrik, Berglann, Helge
core
Information Aggregation With Delegation of Votes
International Economic Review, EarlyView.ABSTRACT Liquid democracy (LD) combines elements of direct and representative democracy: voters can either vote directly or delegate their votes to others. We study its information aggregation properties in a setting with heterogeneously and privately informed independent and partisan voters.
Amrita Dhillon +3 more
wiley +1 more source
Scientific ReportsIn this paper, the distributed Nash equilibrium seeking problem is addressed for the second-order systems without velocity measurement. The Nash equilibrium seeking methods with finite/fixed-time convergence are designed to obtain fast convergence speed ...
Yan Yuan, Hongna Du
doaj +1 more source
Inter‐disciplinary perspectives on sustainability in machinery manufacturing
International Journal of Management Reviews, EarlyView.Abstract Perspectives on economic, social and environmental sustainability in machinery manufacturing are changing. These are predominantly driven by increased consumer, firm and public knowledge on the importance of sustainability and the role that machinery manufacturers can play to achieve sustainability outcomes.
Oluwaseun E. Olabode +5 more
wiley +1 more source
Altruistic Behavior and Correlated Equilibrium Selection [PDF]
This paper studies new refinement concepts for correlated equilibria based on altruistic behavior of the players and which generalize some refinement concepts introduced by the authors in previous papers for Nash equilibria. Effectiveness of the concepts,
Jacqueline Morgan, Giuseppe De Marco
core
Incentive and Signaling Effects of Bonus Payments: An Experiment in a Company
Journal of Economics &Management Strategy, EarlyView.ABSTRACT Economists and management scholars have argued that the scope of incentives to increase cooperation in organizations is limited as their use may signal the prevalence of free‐riding among employees. This paper tests this hypothesis with an artefactual field experiment that assigns managers and employees from a large company to stylized roles ...
Marvin Deversi, Lisa Spantig
wiley +1 more source
Do soccer players play the mixed-strategy Nash equilibrium? [PDF]
Mixed-strategy Nash equilibrium (MSNE) is a commonly-used solution concept in game-theoretic models in various fields in economics, management, and other disciplines, but the experimental results whether the MSNE predicts well actual play in games is ...
Azar, Ofer H., Bar-Eli, Michael
core
Evidence Gathering Under Competitive and Noncompetitive Rewards
Journal of Economics &Management Strategy, EarlyView.ABSTRACT Reward schemes may affect not only agents' effort but also their incentives to gather information in order to reduce the riskiness of the productive activity. In a laboratory experiment using a novel task, we find that the relationship between incentives and evidence gathering depends critically on the availability of information about peers ...
Philip Brookins +2 more
wiley +1 more source