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We develop a model in which the principal and the agent share private information about the value of the agent for a multi-agent organization. The principal can disclose private information and make public the relative standing or status of all agents in the organization. We study whether it is...
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Unethical behavior within organizations is not rare. We investigate experimentally the role of status-seeking behavior in sabotage and cheating activities aiming at improving one’s performance ranking in a flat-wage environment. We find that average effort is higher when individuals are...
Persistent link: https://www.econbiz.de/10014138773
version of Bayesian Implementation is introduced and a recursive formulation of the original allocation problem is established …
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We study priority-based matching markets with public and private endowments. We show that efficiency-adjusted deferred acceptance (EADA) is justified-envy minimal in the class of efficient mechanisms, while Top trading cycles (TTC) and other popular mechanisms are not. Our findings highlight...
Persistent link: https://www.econbiz.de/10012846503
distributional preferences in each of these settings. -- other-regarding preferences ; credence good ; institution ; contract theory …
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