Showing 1 - 10 of 83
In the model there are two types of financial auditors with identical technology, one of which is endowed with a prior reputation for honesty. We characterize conditions under which there exists a two-tier equilibrium in which reputable auditors refuse bribes offered by clients for fear of...
Persistent link: https://www.econbiz.de/10012737550
In a typical corporate hierarchy, the manager is delegated the authority to make decisions that set directions for the organization, employ subordinates and contract with external suppliers. This paper explains when such delegation of authority can be optimal, using a model of a firm with three...
Persistent link: https://www.econbiz.de/10012739284
Persistent link: https://www.econbiz.de/10005413927
Persistent link: https://www.econbiz.de/10008218701
Persistent link: https://www.econbiz.de/10002418805
Persistent link: https://www.econbiz.de/10002418815
Persistent link: https://www.econbiz.de/10002418826
Persistent link: https://www.econbiz.de/10002418832
Persistent link: https://www.econbiz.de/10007318775
Persistent link: https://www.econbiz.de/10005499569