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The decisions of firms on investment and hiring play a crucial role in business cycle fluctuations. This paper explores their dynamic behavior in the presence of frictions. It does so within a unified framework, stressing their mutual dependence and placing the emphasis on their joint,...
Persistent link: https://www.econbiz.de/10013104684
We develop a theory of firm scope in which integrating two firms into one facilitates the allocation of resources, but leads to weaker incentives for effort, compared with nonintegration. Our theory makes minimal assumptions about the underlying agency problem. Moreover, the benefits and costs...
Persistent link: https://www.econbiz.de/10013317478
We introduce "group cohesion" to study the economic relevance of social relationships in team production. We …
Persistent link: https://www.econbiz.de/10014078006
. Students were randomly matched in teams of three and in each team we randomly chose a leader with the task of coordinating the … work of the team. We find a positive and significant effect of female leadership on team performance. This effect is driven … by the higher performance of team members in female led teams rather than due to an improvement in the leader …
Persistent link: https://www.econbiz.de/10014078391
We study the effect on coordination in a minimum-effort game of a leader's gender depending on whether the leader is democratically elected or is randomly-selected. Leaders use non-binding messages to try to convince followers to coordinate on the Pareto-efficient equilibrium. We find that teams...
Persistent link: https://www.econbiz.de/10012964995
We study the effect of likability on female and male team behavior in a lab experiment. Extending a two-player public … goods game and a minimum effort game by an additional pre-play stage that informs team members about their mutual likability … on gender differences in labor market outcomes: mutual dislikability impedes team behavior, except in all-male teams …
Persistent link: https://www.econbiz.de/10012954064
We study, how help can be fostered under relative rewards by means of team bonus and corporate value statements. A … simple model analysis suggests that team members help less as relative rewards increase. As one potential measure to … encourage help, we augment relative rewards with team rewards determined by the output of the whole team. This theoretical …
Persistent link: https://www.econbiz.de/10013039594
basis of individual performance and the other graded on the basis of the team performance. We find that students assigned to … socially connected teams perform significantly better than control students in both the team part and the individual part of …
Persistent link: https://www.econbiz.de/10012981511
This paper provides strong evidence supporting the long-standing speculation that decision-making in groups has a dark side, by magnifying the prevalence of anti-social behavior towards outsiders. A large-scale experiment implemented in Slovakia and Uganda (N=2,309) reveals that deciding in a...
Persistent link: https://www.econbiz.de/10012906524
We study how workers in production teams are affected by the temporary absence and replacement of a coworker. When a substitute coworker is absent, the remaining coworkers produce less output per working time. They compensate for this by increasing their working time at the expense of the (less...
Persistent link: https://www.econbiz.de/10014030281