Francisco M. Lagos

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2358 Many employment relationships are characterized by incomplete labor contracts in which the worker’s performance is not always enforceable. The firm’s profits depend (in part) on workers’ behavior. Thus, some combination of control and incentive devices is needed to get the best performance. The standard approach is to control the self-interested worker(More)
Obese adolescents suffer negative social experiences, but no studies have examined whether obesity is associated with dysfunction of the social brain or whether social brain abnormalities relate to disadvantageous traits and social decisions. We aimed at mapping functional activation differences in the brain circuitry of social decision making in(More)
On the Escalation and De-Escalation of Conflict We introduce three variations of the Hirshleifer-Skaperdas conflict game to study experimentally the effects of post-conflict behavior and repeated interaction on the allocation of effort between production and appropriation. Without repeated interaction, destruction of resources by defeated players can lead(More)
This paper analyzes the effects of population aging on the preferred legal retirement age. What is revealed is the crucial role that the indirect ’macro’ effects resulting from a change in the legal retirement age play in the optimal decision. Two Social Security systems are studied. Under a defined contribution scheme aging lowers the preferred ∗All(More)
We use a lifecycle model in which individuals differ by age and by wage in order to analyze a pairwise majority voting process on the legal retirement age. We consider two different retirement regimes. In the first one the retirees do not return to the labor market, regardless the new retirement age. In the second one, they have to return if this(More)
The Lazarillo of Tormes' picaresque novel introduces a story where two subjects sequentially extract (one, two or three) tokens from a common pool in an asymmetric information framework (the first player cannot observe her partners' actions). By introducing a reward for both subjects in case that in every period at least one subject had taken one single(More)
Most models of conflict concentrate on how players allocate resources between productive and fighting efforts. After a conflict, the winner is assumed to take control of all the resources of the loser. In this paper we show experimentally that this simplification misses an important component of a conflict, namely the reaction of the defeated player. We(More)
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