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Nobel for their fundamental contributions to contract theory. This article offers a short summary and discussion of their …
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This paper explores the optimal provision of dynamic incentives for employees with reciprocal preferences. Building on … his career. I also show that more competition might magnify the use of reciprocity-based incentives, and that a formal …
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We analyze the optimal allocation of authority in an organization whose members have conflicting preferences. One party has decision-relevant private information, and the party who obtains authority decides in a self-interested way. As a novel element in the literature on decision rights, we...
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