Incentives For Information Provision
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Author | : Natalia Fabra |
Publisher | : |
Total Pages | : 0 |
Release | : 2018 |
Genre | : Energy conservation |
ISBN | : |
Energy certificates (ECs) provide information about the houses' energy efficiency, potentially allowing owners to earn a premium when renting more efficient houses. In this paper, we build a search model with asymmetric information regarding energy efficiency to shed light on the owners' incentives to obtain and disclose the ECs. From both a theoretical and empirical perspective, we address three questions: (i) is there an efficiency rent premium?; (ii) do owners of inefficient houses have incentives to hide their ECs?; and (iii) how do both questions depend on the disclosure rate of ECs in the local housing market? We document a premium for more efficient houses, both with respect to less efficient houses as well as with respect to unlabeled ones. We also document a rent penalty for unlabeled houses, which is higher the greater the disclosure rate of ECs. Therefore, in local markets with higher disclosure rates, owners face stronger incentives to obtain and disclose their ECs. Through this channel, higher fines for non-compliance can give rise to a virtuous circle of disclosure that goes beyond the direct effects of increasing fines.
Author | : Inés Macho-Stadler |
Publisher | : Oxford University Press |
Total Pages | : |
Release | : 1996-10-03 |
Genre | : Business & Economics |
ISBN | : 0191512079 |
In this revised second edition, An Introduction to the Economics of Information covers the consequences for the character and efficiency of the interaction between individuals and organizations when one party has more or better information on some aspect of the relationship. This is the condition of asymmetric information, under which the information gap will be exploited if, by doing so, the better-informed party can achieve some advantage. The book is written for a one-semester course for advanced undergraduates taking specialized course options, and for first-year postgraduate students of economics or business. After an introduction to the subject and the presentation of a benchmark model in which both parties share the same information throughout the relationship, chapters are devoted to the three main asymmetric information topics of Moral Hazard, Adverse Selection, and Signalling. The wide range of economic situations where the conclusions are applied includes such areas as finance, regulation, insurance, labour economics, health economics, and even politics. Each chapter presents the basic theory before moving on to applications and advanced topics. The problems are presented in the same framework throughout to allow easy comparison of the different results. This new edition incorporates extended exercises to test the student's understanding of the material, and to develop the tools and skills provided by the main text to solve other, original problems.
Author | : Donald E. Campbell |
Publisher | : Cambridge University Press |
Total Pages | : 699 |
Release | : 2018-02-22 |
Genre | : Business & Economics |
ISBN | : 1107035244 |
This book examines incentives at work to see how and how well coordination is achieved by motivating individual decision makers.
Author | : Masahiko Aoki |
Publisher | : Cambridge University Press |
Total Pages | : 336 |
Release | : 1988 |
Genre | : Business & Economics |
ISBN | : 9780521386814 |
An in-depth analysis of conventional notions for basic characteristics of the Japanese market economy's microstructure that have significantly influenced economists' approaches to industrial organization.
Author | : Timothy J. Bartik |
Publisher | : W.E. Upjohn Institute |
Total Pages | : 180 |
Release | : 2019-10-15 |
Genre | : Political Science |
ISBN | : 0880996684 |
Bartik provides a clear and concise overview of how state and local governments employ economic development incentives in order to lure companies to set up shop—and provide new jobs—in needy local labor markets. He shows that many such incentive offers are wasteful and he provides guidance, based on decades of research, on how to improve these programs.
Author | : Hans Peter Gruner |
Publisher | : |
Total Pages | : |
Release | : 2004 |
Genre | : |
ISBN | : |
Author | : Gene E. Mumy |
Publisher | : |
Total Pages | : 45 |
Release | : 1990* |
Genre | : Public goods |
ISBN | : |
Author | : Elisabeth Paul |
Publisher | : International Monetary Fund |
Total Pages | : 40 |
Release | : 2006-06 |
Genre | : Business & Economics |
ISBN | : |
This paper analyzes the pervasiveness and persistence of rent seeking, misgovernance, and public sector inefficiency in many developing and transition economies. We formalize evidence from country experiences and empirical studies into a stylized analytical framework that reflects realistic constraints faced in these countries. Our work departs from the standard economic literature by assuming that (i) the relationship between the government and its population is regulated through an implicit social consensus; (ii) traditional incentives (in the form of public expenditure controls, sanctions, or monetary incentives to perform) are, for various reasons, ineffective in many of these countries; and (iii) the persistence of high corruption reflects a very stable equilibrium, which in turn reflects the fact that several constraints are simultaneously binding. We argue that, when traditional incentives fail, transparency-information provision and disclosure, together with the means to use it-by relaxing different constraints, can contribute to improving public outcomes.
Author | : Hans-Peter Grüner |
Publisher | : |
Total Pages | : 42 |
Release | : 2004 |
Genre | : Group decision making |
ISBN | : |
Author | : Rosolino A. Candela |
Publisher | : Rowman & Littlefield |
Total Pages | : 317 |
Release | : 2022-07-18 |
Genre | : Political Science |
ISBN | : 1538160943 |
Institutions and Incentives in Public Policy: An Analytical Assessment of Non-Market Decision-Making explores, both in theory and in practice, the consequences of using public policy as a tool to achieve specific individual and social goals, as well as its impact on private solutions to address such goals. The chapters examine the institutional incentives that operate in non-market settings, both governmental and non-governmental, using the theoretical frameworks of market process theory and public choice theory, they analyze a diverse set of contemporary public policy issues at both the domestic and international levels. Authored by individuals from a variety of disciplines with diverse interests in public policy, this work includes discussions of topics, such as foreign aid, education policy, environmental policy, health care policy, and the construction of private cities. This volume is relevant to scholars, students, policymakers, and knowledgeable citizens interested in the study of economics, political science, public policy, as well as those interested in particular policies rather than specific disciplines.