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On 23 July 2014, the U.S. Securities and Exchange Commission (SEC) passed the "Money Market Reform: Amendments to Form PF ," designed to prevent investor runs on money market mutual funds such as those experienced in institutional prime funds following the bankruptcy of Lehman Brothers. The...
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The modern formulation of equality of opportunity emerges from discussions in political philosophy from the second half of the twentieth century beginning with Rawls (1971) and Dworkin (1981a,b) . Equality of opportunity exists when policies compensate individuals with disadvantageous...
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will be associated with significant improvements in employee engagement and effort. We test our predictions using a pre …
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comes with granting autonomy. However, in such settings, overprovision of effort could arise if workers are uncertain … uncertainty. We develop an exper-iment to show that overprovision of costly effort is more likely to occur in work environments … measurement of effort overprovision by keeping performance per unit of time fixed, which we achieve by calibrating subjects …
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role of self-confidence in teamwork. In this paper, we present evidence from a laboratory experiment using a team effort … task. Effort and ability are complements and there are synergies between teammates' efforts. We exogenously manipulate … more effort, less free riding, and higher team revenue. These findings suggest that organizations could improve team …
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