منابع مشابه
Explaining the Food Stamp Cash-Out Puzzle
Empirical studies have shown that food stamp participants spend a higher proportion of their benefit on food than they would with an equivalent amount of cash. Our study demonstrates that this result can be explained by the decisionmaking behavior of multi-adult households. Multi-adult households spend a higher proportion of their food stamp benefit than they would with an equivalent amount of ...
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Management incentive contracts are postulated to alleviate the principal-agent conflict in the widely-held firms. This paper studies the effect of changes in CEO pay-performance sensitivity (delta), stock option convexity (vega) and performance-contingent pay on changes in firm excess value for the US public companies that undergo non-cash divestitures (spin-offs) during the 1992-2006 period. F...
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Can higher in ‡ation diminish the government debt and contribute to …nancing the budget de…cit? And how do these public …nance concerns in ‡uence in ‡ationary expectations? These have been classic questions in macroeconomics since the seminal papers by Auernheimer (1974), Calvo (1978) and Barro (1983). The same questions recently became very relevant for several European countries in the afterm...
متن کاملDo Market Incentives Crowd Out Charitable Giving?
Donations and volunteerism can be conceived as market transactions with a zero explicit price. However, evidence suggests people may not view zero as just another price when it comes to pro-social behavior. Thus, while markets might be expected to increase the supply of assets available to those in need, some worry such financial incentives will crowd out altruistic giving. This paper reports l...
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We introduce the notion of covert security with public verifiability, building on the covert security model introduced by Aumann and Lindell (TCC 2007). Protocols that satisfy covert security guarantee that the honest parties involved in the protocol will notice any cheating attempt with some constant probability . The idea behind the model is that the fear of being caught cheating will be enou...
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ژورنال
عنوان ژورنال: Science
سال: 2011
ISSN: 0036-8075,1095-9203
DOI: 10.1126/science.334.6063.1605-a