作者:Brandt, L; Hosios, AJ
摘要:A hedonic analysis of principal-agent employment contracts is developed in which workers and employers exchange labor services and contractual payment patterns. Within this framework, tests of alternative hypotheses are formulated and applied to contract data from a unique household-level survey of economic activity in rural China in 1935. The results indicate that credit market constraints motivated workers' and employers' contract choices, that shirking by workers rather than by employers wa...
作者:Frey, BS; OberholzerGee, F; Eichenberger, R
摘要:Local opposition to many projects makes it increasingly difficult to find sites for socially desirable facilities. As has been widely documented, compensation for local disamenities does not increase the level of support. An empirical analysis of the Swiss search for a nuclear waste repository even reveals decreased acceptance due to the rejection of bribes and the crowding-out of public spirit. However, a ''compensation cycle'' may be exploited to finally win the support of host communities. ...