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data with representative behavioural data from a social dilemma experiment. We identify which survey questions intended to … elicit people’s trust correlate well with behaviourally exhibited trust in the experiment. People above the age of 65, highly …
Persistent link: https://www.econbiz.de/10005661984
cornerstone of contract theory. We have conducted an experiment with 720 participants to explore whether the theoretical insights …Principal-agent models in which the agent has access to private information before a contract is signed are a … the principals make contract offers, they anticipate that social preferences affect agents' behavior. …
Persistent link: https://www.econbiz.de/10011084433
A central insight of agency theory is that when a principal offers a contract to a privately informed agent, the … report about an experiment with 508 participants designed to test whether this fundamental trade-off is actually relevant. In …
Persistent link: https://www.econbiz.de/10005789080
We study competitive market outcomes in economies where agents have other-regarding preferences. We identify a separability condition on monotone preferences that is necessary and sufficient for one's own demand to be independent of the allocations and characteristics of other agents in the...
Persistent link: https://www.econbiz.de/10005114265
Hierarchy can function as an instrument to channel influence activities or power struggles in organizations. Contrary …
Persistent link: https://www.econbiz.de/10005504716
This paper examines hierarchies’ role in the organization of human-capital-intensive production. We develop an equilibrium model of hierarchical organization, then provide empirical evidence using confidential data on thousands of law offices from the 1992 Census of Services. We show how the...
Persistent link: https://www.econbiz.de/10005497763
design. Using a unique panel dataset on firm hierarchies of large U.S. firms (1986-1999) and a quasi-natural experiment …, span of control increased by 6% and depth decreased by 11% as a result of the quasi-natural experiment. …
Persistent link: https://www.econbiz.de/10005792092
How does information technology (IT) affect the organization of police work? How does it in turn affect police crime-fighting effectiveness? To answer these questions, we construct a new panel data set of police departments covering 1987-2003. We find that while IT adoption had substantial...
Persistent link: https://www.econbiz.de/10005792143
Hierarchies allow individuals to leverage their knowledge through others' time. This mechanism increases productivity and amplifies the impact of skill heterogeneity on earnings inequality. To quantify this effect, we analyze the earnings and organization of U.S. lawyers and use the equilibrium...
Persistent link: https://www.econbiz.de/10005136470
public good – here, new productions – to have access to a private good – here, fringe benefits – and by altruism. The results …
Persistent link: https://www.econbiz.de/10005504511