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the presence of costly government resources and convex effort costs, teacher monitoring - which is wasteful in principle … shown to make the case for monitoring activity instead of incentive pay even stronger. …
Persistent link: https://www.econbiz.de/10005076924
The article examines the optimal choice of monitoring intensity when workers face external incentives (incentives that … be more attractive to other employers. Increase in such external incentives reduces optimal monitoring intensity but …
Persistent link: https://www.econbiz.de/10005125035
successfully. As investors' monitoring costs decrease, the region in which fraud occurs shifts towards better business conditions …. It follows that if business conditions are sufficiently strong, a decrease in monitoring costs actually increases the …
Persistent link: https://www.econbiz.de/10005134707
This paper presents a model of trust in which a principal chooses either to trust or monitor an agent who, in turn, chooses either to honor or exploit that trust. The principal's decision of whether to trust or monitor is based on the relative temptation an agent faces to exploit the principal's...
Persistent link: https://www.econbiz.de/10005135015
Persistent link: https://www.econbiz.de/10005550897
This paper explores domestic mergers and acquisitions (M&As) from the regional perspective. The Finnish firm-level evidence reveals that geographical closeness matters a lot for M&As within a single country. Thus, a great number of domestic M&As occur within narrowly defined regions....
Persistent link: https://www.econbiz.de/10005556219
This paper explores domestic mergers and acquisitions (M&As) from the regional perspective. The Finnish firm-level evidence reveals that geographical closeness matters a lot for M&As within a single country. Thus, a great number of domestic M&As occur within narrowly defined regions....
Persistent link: https://www.econbiz.de/10005118986
Two central puzzles about social norms are how they are enforced and how they are created or modified. The sanctions for violation of a norm can be categorized as automatic, guilt, shame, informational, bilateral- costly, and multilateral-costly. Problems in creating and enforcing norms are...
Persistent link: https://www.econbiz.de/10005076640
The existence of social norms is one of the big unsolved problems in social cognitive science. Although no other concept is invoked more frequently in the social sciences, we still know little about how social norms are formed, the forces determining their content, and the cognitive and...
Persistent link: https://www.econbiz.de/10005076756
punishment increased the more the norm was violated. Likewise, up to roughly 60% of the third parties punished violations of the …’’ third parties. In addition, these experiments suggest that thirdparty punishment games are powerful tools for studying the …
Persistent link: https://www.econbiz.de/10005125599