Showing 1 - 10 of 823,515
Persistent link: https://www.econbiz.de/10011793808
Persistent link: https://www.econbiz.de/10008696489
Persistent link: https://www.econbiz.de/10008806202
Persistent link: https://www.econbiz.de/10012303502
This paper provides a theoretical model for explaining the separation of ownership and control in firms. An entrepreneur hires a worker, whose effort is necessary for running a project. The worker's effort determines the probability that the project will be completed on time, but the worker...
Persistent link: https://www.econbiz.de/10010348626
Persistent link: https://www.econbiz.de/10011287665
Persistent link: https://www.econbiz.de/10011757438
We study, experimentally, how two alternative incentive mechanisms affect team performance, and how a team chooses between alternative mechanisms. We study a group incentive mechanism, where team output is shared equally among team members, and a hierarchical mechanism team output is allocated...
Persistent link: https://www.econbiz.de/10010515808
Persistent link: https://www.econbiz.de/10011669839
We formalize a conception of authority, which is commonly defined as the right of controlling a person's actions … embedded in human assets in sociology. Due to the inalienable property of human assets, the contractible formal authority is … hard to verify and enforce, while real authority usually diverges from formal authority. Inefficiency tends to arise when a …
Persistent link: https://www.econbiz.de/10003951385