importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We …

affects its policy decision. We show that the learning process gives rise to coordination motives among speculators leading to …

This paper endogenizes coordination problems in organizations by allowing for both ex ante coordination of activities …, using rules and task guidelines, and ex post coordination, using communication and broad job assignments. It shows that: (i … coordination. In particular, specialization is often non-monotonic in the importance of coordination. (ii) Organizations exhibit …

-unit managers’ authority. Realizing synergies then involves a tradeoff between motivation and coordination. Motivating managers …

experiment with more than 6000 subjects, including a subsample of 267 consultants from an international consulting firm. We also …