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Companies typically control various aspects of their workers' behaviors. In this paper, we investigate whether the hierarchical distance of the superior who imposes such control measures matters for the workers' ensuing reaction. In particular, we test, in a laboratory experiment, whether...
Persistent link: https://www.econbiz.de/10013255629
relates to the candidates type . Delegation is then superior to direct (owner) recruitment and offering tenure or guaranteed …
Persistent link: https://www.econbiz.de/10011514022
We derive a natural definition of responsibility in a formal model where employees care for their career prospects: A superior holds a subordinate responsible for a task, when she announced her beliefs that this subordinate contributes most to this task. We show, that those announced beliefs...
Persistent link: https://www.econbiz.de/10014027287
We derive a natural definition of responsibility in a formal model where employees care for their career prospects: A superior holds a subordinate responsible for a task, when she announces her beliefs that this subordinate contributes most to this task. We show, that those announced beliefs...
Persistent link: https://www.econbiz.de/10013318853
relates to the candidates' 'type'. Delegation is then superior to direct (owner) recruitment and offering 'tenure' or …
Persistent link: https://www.econbiz.de/10001731780
, and the relationship between the resources. Monitoring is then introduced to fine tune value of delegation. …
Persistent link: https://www.econbiz.de/10003951385
This paper views authority as the right to undertake decisions that have external effects on other members of the organization. Because of contractual incompleteness, monetary incentives are insufficient to internalize these effects in the decision maker's objective. The optimal assignment of...
Persistent link: https://www.econbiz.de/10010366572
, and the relationship between the resources. Monitoring is then introduced to fine tune value of delegation. …
Persistent link: https://www.econbiz.de/10010383027
We often use delegation as a commitment device if a government faces problems of timeinconsistency. McCallum (1995, AER … P&P) challenged this practice, claiming that delegation merely relocates the commitment problem but does not solve it …. In a model where delegation and specific policies are subject to the same commitment technology it is shown that McCallum …
Persistent link: https://www.econbiz.de/10003747341
-employee relationship. We study a model of delegation with an informed agent, where the principal may impose money-burning on the agent as a … some results novel to the delegation literature. First, money-burning is more likely if the principal is more sensitive to …
Persistent link: https://www.econbiz.de/10011524157