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The trade-off between incentives and endogenous risk
(Sociedade Brasileira de Econometria, 2007-11-01)
Negative relationship between risk and incentives, predicted by standard moral hazard models, has not been confirmed by empirical work. We propose a moral hazard model in which heterogeneous risk-averse agents can control ...
The Trade-Off Between Incentives and Endogenous RiskThe Trade-Off Between Incentives and Endogenous Risk
(Sociedade Brasileira de Econometria, 2007)
The effects of small firm tax incentives on employment levels
(2011-07)
This paper aims to evaluate the impact on employment growth of a tax incentive program targeting Brazilian manufacturing small businesses (SIMPLES). This evaluation is conducted for two distinct periods: for the year 1997, ...
Tax incentives to modernize the energy efficiency of the housing in Spain
This paper analyzes the tax incentives and aids adopted in the taxes and environmental policies to improve the energy efficiency of Spanish households. The established environmental policy presents advances although with ...
Evidence on the relationship between incentives and exogenous risk
(Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2002-09-26)
Theoretical models on moral hazard provide competing predictions on the incentive-risk relationship. These predictions are derived under the assumptions of homogeneous agents and exogenous risk. However, the existing ...
The trade-off between incentives and endogenous risk
(Escola de Pós-Graduação em Economia da FGV, 2004-02-01)
Standard models of moral hazard predict a negative relationship between risk and incentives, but the empirical work has not confirmed this prediction. In this paper, we propose a model with adverse selection followed by ...
Biased managers, organizational design, and incentive provision
(Escola de Pós-Graduação em Economia da FGV, 2004-02-01)
We model the tradeoff between the balance and the strength of incentives implicit in the choice between hierarchical and matrix organizational structures. We show that managerial biases determine which structure is optimal: ...
Governance structures and incentives in the wheat value chain in Ethiopia
(African Association of Agricultural Economists, 2021)
Mandatory profit sharing, entrepreneurial incentives and capital accumulation
(Escola de Pós-Graduação em Economia da FGV, 1997-03-06)
The impact of a mandatory tax on profits which is transferred to workers is analyzed in a general equilibrium entrepreneurial model. In the short run, this distortion reduces the number of fmns and the aggregate output. ...