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We include initial holdings in the jungle economy of Piccione and Rubinstein (Economic Journal, 2007) in which the unique equilibrium satisfies lexicographic welfare maximization. When we relax assumptions on consumption sets and preferences slightly, equilibria other than lexicographic welfare...
Persistent link: https://www.econbiz.de/10010421741
Power is a core concept in the analysis and design of organisations. In this paper we consider positional power in … hierarchies. One of the problems with the extant literature on positional power in hierarchies is that it is mainly restricted to … the analysis of power in terms of the bare positions of the actors. While such an analysis informs us about the authority …
Persistent link: https://www.econbiz.de/10011372509
Power is a core concept in the analysis and design of organizations. One of the problems with the extant literature on … positional power in hierarchies is that it is mainly restricted to the analysis of power in terms of the bare positions of the …-established approaches for the analysis of power in non-hierarchical organizations such as the Banzhaf measure; and thus they are all based …
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The author uses monthly, individual-level data collected from two units within a large U.S. financial corporation to estimate employees' response to the introduction of a group incentive plan. The findings indicate that the incentive plan caused performance to converge to a standard: the...
Persistent link: https://www.econbiz.de/10014221697
Rationalität und Kalkül: Spieltheorie des 20. Jahrhunderts -- Exkurs: Rationale Optimierungsmethoden, kritisch betrachtet -- Realität und Kooperation: Entscheidungen in der Praxis -- Exkurs: Intuitive Entscheidungen, kritisch betrachtet -- Intuition und Verantwortung: Alternative...
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of incentives between serving the client and earning commissions, a dilemma about fiduciary responsibility to a client …
Persistent link: https://www.econbiz.de/10013122961
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