Showing 1 - 10 of 2,667
We model a firm in an institutional market setting, consisting of a production technology and its governance. The governance consists of a hierarchical firm structure, a cost efficiency parameter,and an internal pay system. The depth of the firm is determined by profit maximization under the...
Persistent link: https://www.econbiz.de/10011343293
This paper develops a model of conflict resolution over scarce water in a trans-boundary river. In our model, we … along the river, they sequentially bargain over the surplus of water, or decide to engage in a military conflict with their … upstream neighbour. The probability of winning a military conflict is determined by a contest success function which depends on …
Persistent link: https://www.econbiz.de/10012195325
Persistent link: https://www.econbiz.de/10002618082
A government officials' propensity to corruption, or corruptibility, can be affected by his intertemporal preference over job benefits. Through a dynamic model of rent-seeking behavior, this paper examines how endogenously determined corruptibility changes with monitoring intensity, salary...
Persistent link: https://www.econbiz.de/10011373824
Persistent link: https://www.econbiz.de/10009720715
We provide an explanation why centralisation of political decision makingresults in overspending in some policy domains, whereas too low spending persists in others.We study a model in which delegates from jurisdictions bargain over local public goods provision.If all of the costs of public...
Persistent link: https://www.econbiz.de/10011326940
Persistent link: https://www.econbiz.de/10010191396
Trade opportunities are generally seen as valuable instruments to improve the allocation of resources in society. However, when the traded rights are secured through unproductive rent-seeking contests, the tradeability of the rents may provide stronger incentives to invest in rent-seeking...
Persistent link: https://www.econbiz.de/10011349186
eroded as one moves down the hierarchy. The reason is that, because exerting effort is costly, the supervisor only partially … inefficiencies, firms should keep the extent of hierarchy to a minimum, promote employees with the strongest sensitivity to social …
Persistent link: https://www.econbiz.de/10010226550
models of communication and hierarchy restrictions in cooperative games, compare different network structures with each other …
Persistent link: https://www.econbiz.de/10012434059