This book organized by Alice Abreu, actual President of ISA-RC30 “Sociology of Work”, is a follow up of an international seminar on the same theme of the title, held in September 1997 also in Rio de Janeiro (Brazil). In this book are published papers presented on Latin American case studies,...

We investigate incentive effects of a typical hedge-fund contract for a manager with power utility. With a one-year horizon, she displays risk-taking that varies dramatically with fund value. We extend the model to multiple yearly evaluation periods and find her risk-taking is rapidly moderated...

Important aspects of leadership behavior can be rendered intelligible through a focus on coordination games. The concept of common knowledge is shown to be particularly important to understanding leadership. Thus, leaders may establish common knowledge conditions and assist the coordination of...