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Production Technology, Information Technology, and Vertical Integration Under Asymmetric Information
Atallah, Gamal - 2016
The paper addresses the effect of technological progress on the boundaries of the firm, building on transaction cost theory and agency theory. The model incorporates four types of costs: production, coordination, management, and transaction costs. The market has lower production costs, but...
Persistent link: https://www.econbiz.de/10014118281
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Delegating Recruitment Under Asymmetric Information
Sengupta, Sarbajit - 2021
relates to the candidates' "type". Delegation is then superior to direct (owner) recruitment and offering "tenure" or …
Persistent link: https://www.econbiz.de/10013320180
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Implicit contracts, incentive compatibility, and involuntary unemployment : thirty years on
MacLeod, William Bentley; Malcomson, James M. - 2023
"Implicit Contracts, incentive compatibility, and involuntary unemployment" (MacLeod and Malcomson, 1989) remains our most highly cited work. We briefly review the development of this paper and of our subsequent related work, and conclude with reflections on the future of relational contract...
Persistent link: https://www.econbiz.de/10013500553
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Delegation and information revelation
Gautier, Axel; Paolini, Dimitri - Institut de Recherche Économique et Sociale (IRES), … - 2000
This paper addresses the question of delegation in an organization where there is an initial asymmetry of information … be contracted for. With these simple contracts, we show that delegation is an alternative to contracting to elicit agent … sequence of decisions, the information learned by the principal can be used for the other decisions. So delegation is only …
Persistent link: https://www.econbiz.de/10004984983
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Optimal delegation of sequential decisions : the role of communication and reputation
Atakan, Alp; Koçkesen, Levent; Kubilay, Elif - 2017
We analyze delegation of a set of decisions over time by an informed principal to a potentially biased agent. Each …
Persistent link: https://www.econbiz.de/10011609923
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A note on firms' strategic behaviour during an IPO
Weiss, Pia; Mai, Stefan - 2002
When potential shareholders cannot observe the business conditions of the firms, the latter desiring to acquire capital by an IPO and operating under less favourable business conditions have a strong incentive to appear more successful.
Persistent link: https://www.econbiz.de/10010277221
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A Note on Firms' Strategic Behaviour During an IPO
Weiß, Pia; Mai, Stefan - Institut für Wirtschaftspolitik, Wirtschafts- und … - 2002
When potential shareholders cannot observe the business conditions of the firms, the latter desiring to acquire capital by an IPO and operating under less favourable business conditions have a strong incentive to appear more successful.
Persistent link: https://www.econbiz.de/10005342403
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A Note on Firms' Strategic Behaviour During an IPO
Weiss, Pia - EconWPA - 2002
When potential shareholders cannot observe the business conditions of the firms, the latter desiring to acquire capital by an IPO and operating under less favourable business conditions have a strong incentive to appear more successful.
Persistent link: https://www.econbiz.de/10005077052
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Organizational structure and innovative activity
Sliwka, Dirk - 2003
A model is analyzed in which agents exert effort to create innovations within an organization. When payments are infeasible, the decision on the implementation of a proposal is shown to bemadeby simplemonotonic decision rules. A trade-off arises between the use of information and the incentives...
Persistent link: https://www.econbiz.de/10005845884
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Allocation of Authority when a Person is not a Robot
Li, Jianpei; Wu, Yanhui - Volkswirtschaftliche Fakultät, … - 2007
, and the relationship between the resources. Monitoring is then introduced to fine tune value of delegation. …
Persistent link: https://www.econbiz.de/10005785789