Riener, Gerhard; Wiederhold, Simon - Düsseldorf Institute for Competition Economics (DICE), … - 2012
control is perceived as excessive represents a novel channel through which hidden costs of control materialize. Our results …This paper investigates the interaction of intrinsic and extrinsic incentives. We propose a simple principal …-agent model with control that incorporates the existence of social groups resulting from common experiences in the past. Our …