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, when rescaling is feasible, private monitoring is more efficient than public monitoring subject to collusion because non …-monetary penalties are ineffective to deter collusion. …
Persistent link: https://www.econbiz.de/10011249563
Rewards to prevent supervisors from accepting bribes create incentives for extortion. This raises the question whether a supervisor who can engage in bribery and extortion can still be useful in providing incentives. By highlighting the role of team work in forging information, we present a...
Persistent link: https://www.econbiz.de/10005765652