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In the current competitive scenario, the banking industry must contend with multiple challenges tied to regulations, legacy systems, disruptive models/technologies, new competitors, and a restive customer base, while simultaneously pursuing new strategies for sustainable growth. Banking...
Persistent link: https://www.econbiz.de/10014323783
Should principals explain and justify their evaluations? Suppose the principal's evaluation is private information, but she can provide justification by sending a costly cheap-talk message. If she does not provide justification, her message space is restricted, but the message is costless. I...
Persistent link: https://www.econbiz.de/10010398669
markets anticipated monetary policy decisions equally well under this new disclosure regime than before, but arrived at their … implications of macroeconomic data releases. Taken together, these findings suggest that the Fed's new disclosure practice may …
Persistent link: https://www.econbiz.de/10011604503
Consider managers evaluating their employees\' performances. Should managers justify their subjective evaluations? Suppose a manager\'s evaluation is private information. Justifying her evaluation is costly but limits the principal\'s scope for distorting her evaluation of the employee. I show...
Persistent link: https://www.econbiz.de/10011932985
We study experimentally persuasion games in which a sender (e.g., a seller) with private information provides verifiable but potentially vague information (e.g., about the quality of a product) to a receiver (e.g., a buyer). Various theoretical solution concepts such as sequential equilibrium or...
Persistent link: https://www.econbiz.de/10011936493
The paper studies the role of information transparency on fairness concerns, welfare and efficiency. When the firm … respond with higher performance. Workers respond not only to wages but also to firms' intentions concerning fairness …. Information transparency serves as a mechanism that promotes fairness and performance while the lack of transparency results in …
Persistent link: https://www.econbiz.de/10010334250
Dieser Beitrag untersucht die Arbeiten von Jon Elster zum Problem lokaler Gerechtigkeit. Das Thema dieser Arbeiten sind Rationierungsentscheidungen. Es geht um die Allokation und Distribution knapper Zuteilungsgüter, also etwa um die Vergabe von Kindergarten- oder Studienplätzen, die Zuweisung...
Persistent link: https://www.econbiz.de/10011733749
In an anonymous experiment with induced fairness norms, physical exercises (squat jumps with arm-swings) are used as … payment units in order to avoid windfall gains. We vary fairness norms, authority norms and social control in three …. We believe payments above the fairness norm to be a sequential cash flow with a random probability of termination after …
Persistent link: https://www.econbiz.de/10012433297
inequality to their preference for inequality. If they identify a gap between what they perceive and what they prefer (= fairness … fairness gap is associated with lower levels of political trust; (2) the fairness gap mediates the link between actual … inequality and political trust; and (3) disaggregating the fairness gap measure, political trust is more strongly linked to …
Persistent link: https://www.econbiz.de/10015198020
class of rules satisfying the properties, and find the tension between minimal properties of efficiency, fairness, and …
Persistent link: https://www.econbiz.de/10013472342