Correlation neglect, incentives, and welfare
Author
Abstract
Suggested Citation
DOI: 10.1016/j.econlet.2020.109171
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Pietro Ortoleva & Erik Snowberg, 2015.
"Overconfidence in Political Behavior,"
American Economic Review, American Economic Association, vol. 105(2), pages 504-535, February.
- Pietro Ortoleva & Erik Snowberg, 2013. "Overconfidence in Political Behavior," NBER Working Papers 19250, National Bureau of Economic Research, Inc.
- Holmstrom, Bengt & Milgrom, Paul, 1987.
"Aggregation and Linearity in the Provision of Intertemporal Incentives,"
Econometrica, Econometric Society, vol. 55(2), pages 303-328, March.
- Bengt Holmstrom & Paul R. Milgrom, 1985. "Aggregation and Linearity in the Provision of Intertemporal Incentives," Cowles Foundation Discussion Papers 742, Cowles Foundation for Research in Economics, Yale University.
- de la Rosa, Leonidas Enrique, 2011.
"Overconfidence and moral hazard,"
Games and Economic Behavior, Elsevier, vol. 73(2), pages 429-451.
- Leonidas Enrique de la Rosa, 2007. "Overconfidence and Moral Hazard," Economics Working Papers 2007-08, Department of Economics and Business Economics, Aarhus University.
- Alex Rees-Jones & Ran Shorrer & Chloe J. Tergiman, 2020. "Correlation Neglect in Student-to-School Matching," NBER Working Papers 26734, National Bureau of Economic Research, Inc.
- Holmstrom, Bengt & Milgrom, Paul, 1991. "Multitask Principal-Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 7(0), pages 24-52, Special I.
- Benjamin Enke & Florian Zimmermann, 2019.
"Correlation Neglect in Belief Formation,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 86(1), pages 313-332.
- Benjamin Enke & Florian Zimmermann, 2013. "Correlation Neglect in Belief Formation," CESifo Working Paper Series 4483, CESifo.
- Enke, Benjamin & Zimmermann, Florian, 2013. "Correlation Neglect in Belief Formation," IZA Discussion Papers 7372, Institute of Labor Economics (IZA).
- Enke, Benjamin & Zimmermann, Florian, 2013. "Correlation Neglect in Belief Formation," Bonn Econ Discussion Papers 04/2013, University of Bonn, Bonn Graduate School of Economics (BGSE).
- Enke, Benjamin & Zimmermann, Florian, 2013. "Correlation Neglect in Belief Formation," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79900, Verein für Socialpolitik / German Economic Association.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Iossa, Elisabetta & Martimort, David, 2015.
"Pessimistic information gathering,"
Games and Economic Behavior, Elsevier, vol. 91(C), pages 75-96.
- Elisabetta Iossa & David Martimort, 2015. "Pessimistic information gathering," PSE-Ecole d'économie de Paris (Postprint) halshs-01156552, HAL.
- Elisabetta Iossa & David Martimort, 2015. "Pessimistic information gathering," Post-Print halshs-01156552, HAL.
- Philipp Weinschenk, 2010. "Moral Hazard and Ambiguity," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2010_39, Max Planck Institute for Research on Collective Goods.
- David Martimort & Flavio Menezes & Myrna Wooders & ELISABETTA IOSSA & DAVID MARTIMORT, 2015.
"The Simple Microeconomics of Public-Private Partnerships,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(1), pages 4-48, February.
- Elisabetta Iossa & David Martimort, 2008. "The Simple Micro-Economics of Public-Private Partnerships," CEIS Research Paper 139, Tor Vergata University, CEIS, revised 15 Feb 2013.
- Elisabetta Iossa & David Martimort, 2008. "The Simple Micro-Economics of Public-Private Partnerships," The Centre for Market and Public Organisation 08/199, The Centre for Market and Public Organisation, University of Bristol, UK.
- Elisabetta Iossa & David Martimort, 2015. "The Simple Microeconomics of Public-Private Partnerships," Post-Print halshs-01109351, HAL.
- Elisabetta Iossa & David Martimort, 2015. "The Simple Microeconomics of Public-Private Partnerships," PSE-Ecole d'économie de Paris (Postprint) halshs-01109351, HAL.
- Dietrichson, Jens, 2013. "Coordination Incentives, Performance Measurement and Resource Allocation in Public Sector Organizations," Working Papers 2013:26, Lund University, Department of Economics.
- Elisabetta Iossa & David Martimort, 2012.
"Risk allocation and the costs and benefits of public--private partnerships,"
RAND Journal of Economics, RAND Corporation, vol. 43(3), pages 442-474, September.
- Iossa, Elisabetta & Martimort, David, 2011. "Risk Allocation and the Costs and Benefits of Public-Private Partnerships," CEPREMAP Working Papers (Docweb) 1104, CEPREMAP.
- Elisabetta Iossa & David Martimort, 2012. "Risk allocation and the costs and benefits of public--private partnerships," Post-Print hal-00813153, HAL.
- Elisabetta Iossa & David Martimort, 2012. "Risk allocation and the costs and benefits of public--private partnerships," PSE-Ecole d'économie de Paris (Postprint) hal-00813153, HAL.
- Oyer, Paul & Schaefer, Scott, 2011.
"Personnel Economics: Hiring and Incentives,"
Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 20, pages 1769-1823,
Elsevier.
- Paul Oyer & Scott Schaefer, 2010. "Personnel Economics: Hiring and Incentives," NBER Working Papers 15977, National Bureau of Economic Research, Inc.
- Antonio Sánchez Soliño, 2019. "Sustainability of Public Services: Is Outsourcing the Answer?," Sustainability, MDPI, vol. 11(24), pages 1-12, December.
- Michael T. Rauh & Giulio Seccia, 2010.
"Agency and Anxiety,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 19(1), pages 87-116, March.
- Michael T. Rauh & Giulio Seccia, 2006. "Agency and Anxiety," Working Papers 2006-02, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
- Fuhai Hong & Dong Zhang, 2023. "Bureaucratic beliefs and law enforcement," Public Choice, Springer, vol. 196(3), pages 357-379, September.
- Issouf Soumaré, 2013. "Incentives and Voluntary Investment in Employer Shares," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 42(1), pages 1-17, February.
- Mathias Dewatripont & Patrick Legros, 2005.
"Public-private partnerships: contract design and risk transfer,"
ULB Institutional Repository
2013/175947, ULB -- Universite Libre de Bruxelles.
- Dewatripont, Mathias & Legros, Patrick, 2005. "Public-private partnerships: contract design and risk transfer," EIB Papers 5/2005, European Investment Bank, Economics Department.
- Max Zongyuan Shang & Ken McEwan, 2021. "The make‐or‐buy decision of feed on livestock farms: Evidence from Ontario swine farms," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 69(3), pages 353-368, September.
- René Kirkegaard, 2020.
"Contracting with private rewards,"
RAND Journal of Economics, RAND Corporation, vol. 51(2), pages 589-612, June.
- Rene Kirkegaard, 2015. "Contracting with Private Rewards," Working Papers 1504, University of Guelph, Department of Economics and Finance.
- Maxim Senkov & Toygar T. Kerman, 2024.
"Changing Simplistic Worldviews,"
Papers
2401.02867, arXiv.org.
- Maxim Senkov & Toygar T. Kerman, 2024. "Changing Simplistic Worldviews," CERGE-EI Working Papers wp773, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Hans Gersbach, 1998. "On the Equivalence of General and Specific Control in Organizations," Management Science, INFORMS, vol. 44(5), pages 730-737, May.
- Martimort, David & Pouyet, Jerome, 2008.
"To build or not to build: Normative and positive theories of public-private partnerships,"
International Journal of Industrial Organization, Elsevier, vol. 26(2), pages 393-411, March.
- David Martimort & Jérôme Pouyet, 2008. "To build or not to build: Normative and positive theories of public-private partnerships," Post-Print halshs-00754298, HAL.
- Arifovic, Jasmina & Karaivanov, Alexander, 2010.
"Learning by doing vs. learning from others in a principal-agent model,"
Journal of Economic Dynamics and Control, Elsevier, vol. 34(10), pages 1967-1992, October.
- Jasmina Arifovic & Alexander Karaivanov, 2007. "Learning by Doing vs. Learning from Others in a Principal-Agent Model," Discussion Papers dp07-24, Department of Economics, Simon Fraser University.
- repec:eee:labchp:v:3:y:1999:i:pb:p:2373-2437 is not listed on IDEAS
- Kyota Eguchi, 2017. "Guilty Conscience And Incentives With Performance Assessment Errors," Economic Inquiry, Western Economic Association International, vol. 55(1), pages 434-450, January.
- Balmaceda, Felipe & Balseiro, Santiago R. & Correa, José R. & Stier-Moses, Nicolás E., 2016. "Bounds on the welfare loss from moral hazard with limited liability," Games and Economic Behavior, Elsevier, vol. 95(C), pages 137-155.
- Mu Zhang, 2021. "A Theory of Choice Bracketing under Risk," Papers 2102.07286, arXiv.org, revised Aug 2021.
More about this item
Keywords
Behavioral contract theory; Moral hazard; Risk aversion;All these keywords.
JEL classification:
- A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
- D9 - Microeconomics - - Micro-Based Behavioral Economics
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:192:y:2020:i:c:s0165176520301312. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolet .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.