Showing 1 - 10 of 323
shapes firm organizations which foster mutualism rather than selfishness. …
Persistent link: https://www.econbiz.de/10010262244
shapes firm organizations which foster mutualism rather than selfishness. …
Persistent link: https://www.econbiz.de/10005566784
"Implicit Contracts, incentive compatibility, and involuntary unemployment" (MacLeod and Malcomson, 1989) remains our most highly cited work. We briefly review the development of this paper and of our subsequent related work, and conclude with reflections on the future of relational contract...
Persistent link: https://www.econbiz.de/10014296625
The paper analyzes how the choice of organizational structure leads to the best compromise between controlling behavior based on authority rights and minimizing costs for implementing high efforts. Concentrated delegation and hierarchical delegation turn out to be never an optimal compromise. If...
Persistent link: https://www.econbiz.de/10010293168
This paper studies a partial-contracting model where an agent may provide effort to increase a project’s scope before some later decisions have to be taken. Consistent with existing empirical evidence, we find a positive relationship between exogenous risk and delegation. That is, we show that...
Persistent link: https://www.econbiz.de/10005703275
The paper analyzes how the choice of organizational structure leads to the best compromise between controlling behavior based on authority rights and minimizing costs for implementing high efforts. Concentrated delegation and hierarchical delegation turn out to be never an optimal compromise. If...
Persistent link: https://www.econbiz.de/10010632999
-selfish actions, e.g., cooperate when there is no incentive to do so, or punish inefficient actions by others. Organizations also … constitute a social boundary, or group. We investigate whether this social aspect of organizations has an important benefit … willingness to enforce a norm of cooperation towards fellow platoon members. This suggests that the social aspect of organizations …
Persistent link: https://www.econbiz.de/10010267455
-selfish actions, e.g., cooperate when there is no incentive to do so, or punish inefficient actions by others. Organizations also … constitute a social boundary, or group. We investigate whether this social aspect of organizations has an important benefit … willingness to enforce a norm of cooperation towards fellow platoon members. This suggests that the social aspect of organizations …
Persistent link: https://www.econbiz.de/10005763566
Teamwork and cooperation between workers can be of substantial value to a firm, yet the level of worker cooperation often varies between individual firms. We show that these differences can be the result of labor market competition if workers have heterogeneous preferences and preferences are...
Persistent link: https://www.econbiz.de/10005703792
We develop a formula for the optimal size of a joint savings association between individuals who share the same financial goal and who can save towards that goal at the same rate. Our motivating example and the core of our analysis is a Rotating Savings and Credit Association (ROSCA). We measure...
Persistent link: https://www.econbiz.de/10013351922