Many organisational changes fail because of resistance to change by employees. Changes require new ways of thinking, and the general uncertainty that surrounds them tends to make people uncomfortable. Jan Philipp Krügel examines the circumstances under which employees are more accepting of...

Holmström's (1982/99) career concerns model has become an important workhorse for the analysis of agency issues in many fields. The underlying signal jamming argument requires players to use information in a Bayesian way which may or may not reasonably approximate real-life decision makers'...