Showing 1 - 10 of 32
This paper considers the effects of an interim performance evaluation on the decision of a principal to delegate authority to a potentially biased but better informed agent. Assuming the agents’ outside option to be determined by market beliefs about their type, interim evaluations (a) provide...
Persistent link: https://www.econbiz.de/10010639425
We develop a model of manager-employee relationships where employees care more for their manager when they are more convinced that their manager cares for them. Managers can signal their altruistic feelings towards their employees in two ways: by offering a generous wage and by giving attention....
Persistent link: https://www.econbiz.de/10005181512
We study the relation between formal incentives and social exchange in organizations where employees work for several managers and reciprocate a manager’s attention with higher effort. To this end we develop a common agency model with two-sided moral hazard. We show that when effort is...
Persistent link: https://www.econbiz.de/10005406384
This paper examines the long-run impact of ordinal rank during primary school on productivity using comprehensive English administrative data. Identification is obtained from variation in test score distributions across cohorts and subjects, such that the same score relative to the class mean...
Persistent link: https://www.econbiz.de/10010779409
of firm: high age of managers and board members is bad for innovation and productivity growth, while costs and benefits …
Persistent link: https://www.econbiz.de/10008583733
undermines the benefits of delegating control, leading to decreased managerial authority and stronger monetary incentives. When …
Persistent link: https://www.econbiz.de/10008583737
We analyze the effects of socially responsible investment and public abatement on environmental quality and the economy … in a continuous-time dynamic growth model featuring optimizing households and firms. Environmental quality is modelled as … socially responsible investment behaviour by households partially offsets the positive effects on environmental quality of …
Persistent link: https://www.econbiz.de/10005196236
This paper develops a theory of consumer boycotts. Some consumers care not only about the products they buy but also about whether the firm behaves ethically. Other consumers do not care about the behavior of the firm but yet may like to give the impression of being ethical consumers....
Persistent link: https://www.econbiz.de/10005406378
Contributing to a social cause can be an important driver for workers in the public and non-profit sector as well as in firms that engage in Corporate Philanthropy or other Corporate Social Responsibility policies. This paper compares the effectiveness of social incentives - that take the form...
Persistent link: https://www.econbiz.de/10010764293
benefits and tax credits among "comparable" households. We implement this approach by estimating a discrete choice model of …
Persistent link: https://www.econbiz.de/10005406074