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finds that higher wages are associated with lower monitoring, irrespective of whether these high wages are caused by labour …, monitoring is a type of ‘rent-seeking’ activity and the decentralized equilibrium spends excessive resources on monitoring …. Labour market regulations that reduce monitoring by pushing wages up may increase net output or reduce it only by a small …
Persistent link: https://www.econbiz.de/10005504251
This Paper shows that over monitoring a partner in the initial phase of a relationship may not be optimal if the goal … monitoring too much we lose the opportunity to learn how the partner will behave when not monitored. Only by allowing the partner …
Persistent link: https://www.econbiz.de/10005504367
information, either about productive activity or monitoring activity, two incentive problems must be simultaneously solved: first …
Persistent link: https://www.econbiz.de/10005504381
, remain open questions. This paper presents a randomized field experiment on increasing community-based monitoring. As … suggest that community monitoring can play an important role in improving service delivery when traditional top …
Persistent link: https://www.econbiz.de/10005504630
This Paper investigates the effectiveness of benefit sanctions in reducing unemployment duration. Data from the Swiss labour market allow making a distinction between the effect of a warning that a person is not complying with eligibility requirements and the effect of the actual enforcement of...
Persistent link: https://www.econbiz.de/10005504761
performance. Informed investors affect prices indirectly, and in opposite directions: their monitoring activity tends to raise …
Persistent link: https://www.econbiz.de/10005497985
This Paper considers why a manager would choose to submit himself to the discipline of bank monitoring. This issue is … is optimally compensated by shareholders. Within this setting, we find that managers will submit to monitoring when they … a favourable view of financing choices that increase monitoring. …
Persistent link: https://www.econbiz.de/10005498142
Are courts effective monitors of corporate decisions? In a controversial landmark case, the Delaware Supreme Court held directors personally liable for breaching their fiduciary duties, signaling a sharp increase in Delaware’s scrutiny over corporate decisions. In our event study, low-growth...
Persistent link: https://www.econbiz.de/10011084098
liquidity cycles. Monitoring decisions by market-makers and market-takers are self-reinforcing, generating multiple equilibria …
Persistent link: https://www.econbiz.de/10008558587
monitoring, as loan officers of different gender do not seem to screen borrowers differently based on observable borrower …
Persistent link: https://www.econbiz.de/10005048548