Microeconomics: Incentives
Aid for AIDS (8/30/2001)
Benefit/cost analysis applied to the epidemiology of AIDS leads to surprising behavioral implications and policy recommendations.
Benefit/cost analysis applied to the epidemiology of AIDS leads to surprising behavioral implications and policy recommendations.
Busy secretary - The principal-agent problem - youtube cartoon (11/2/2011)
The principal-agent conflict is endemic in employer-employee and supervisor-supervisee relationships.
The principal-agent conflict is endemic in employer-employee and supervisor-supervisee relationships.
Dead Men Flying (3/7/2007)
Funeral directors might be more concerned about getting the most perks offered by airline loyalty programs than the lowest fares for shipping dead bodies.
Funeral directors might be more concerned about getting the most perks offered by airline loyalty programs than the lowest fares for shipping dead bodies.
Green Tax (8/30/2001)
Taxing nonrenewable resources instead of labor income would create more jobs and encourage conservation while reducing pollution.
Taxing nonrenewable resources instead of labor income would create more jobs and encourage conservation while reducing pollution.
Metered Consumption (3/7/2007)
Resource conservation depends on who pays and the time horizon of costs vs benefits.
Resource conservation depends on who pays and the time horizon of costs vs benefits.
Scrapped Art (3/7/2007)
High prices of copper have led to theft of bronze sculptures for material recycling.
High prices of copper have led to theft of bronze sculptures for material recycling.
Supply-chain Births (6/22/2006)
Caesarean sections, which are preferred for their predictability, are more prevalent when reimbursement policy favors their practice even when they are not medically necessary.
Caesarean sections, which are preferred for their predictability, are more prevalent when reimbursement policy favors their practice even when they are not medically necessary.
Talent Raid (10/19/2000)
The booming high-tech economy and the speculative stock market have led to massive migration of skilled workers from old-line firms to Internet startups in search of overnight wealth promised by generous stock options.
The booming high-tech economy and the speculative stock market have led to massive migration of skilled workers from old-line firms to Internet startups in search of overnight wealth promised by generous stock options.
The Miles Rush (7/27/2000)
Frequent flier miles are as good as money because they are redeemable for many goods and services and can be earned in many ways other than flying.
Frequent flier miles are as good as money because they are redeemable for many goods and services and can be earned in many ways other than flying.
To Each According to His Work (3/7/2007)
Piecework pay could raise labor productivity, pay, and company earnings when output and quality are easily measurable.
Piecework pay could raise labor productivity, pay, and company earnings when output and quality are easily measurable.
