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Full-Text Articles in Behavioral Economics
The Knowledge Problem Of New Paternalism, Mario J. Rizzo, Douglas Glen Whitman
The Knowledge Problem Of New Paternalism, Mario J. Rizzo, Douglas Glen Whitman
BYU Law Review
No abstract provided.
Long-Term Contracts And The Principal-Agent Problem, Elizabeth A.R. Purcell
Long-Term Contracts And The Principal-Agent Problem, Elizabeth A.R. Purcell
Gettysburg Economic Review
This paper examines the principal-agent problem within professional sports. Imperfect information between managers and players, as well as the guaranteed income a long-term contract provides, are predicted to provide players with the incentive to alter effort over the length of a contract – especially during the first year of a long-term contract. Regression analysis indicates that players’ performance levels decline during the first year of a long-term contract, suggesting that the effects of the principal-agent problem may outweigh competing effects. The study does not, however, suggest that players increase performance in the final year of a contract.
Reading Adam Smith: Understanding The Misinterpretations & The Fallacy Of The Adam Smith Problem, Ross J. Witte
Reading Adam Smith: Understanding The Misinterpretations & The Fallacy Of The Adam Smith Problem, Ross J. Witte
Gettysburg Economic Review
This paper investigates Adam Smith’s intricate vision of human motivation and seeks to expose the fallacy of the “Adam Smith Problem”. Through an expansive study of the famed economist’s two most prominent works, An Inquiry into the Nature and Causes of the Wealth of Nations (WN) and The Theory of Moral Sentiments (TMS), I will show that the two are perfect complements of one other and that Adam Smith did not set down in one place his views on the nature of man. Adam Smith saw man for what he truly is, dominated by selfinterest but not without concern for …
Time Use Of Mothers In The United States: Recent Evidence From The American Time Use Survey, Rachel Connelly, Jean Kimmel
Time Use Of Mothers In The United States: Recent Evidence From The American Time Use Survey, Rachel Connelly, Jean Kimmel
Employment Research Newsletter
No abstract provided.