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whether it is because of poor or smart operations. We hypothesize that inventory has a signaling role. In our model, publicly … the assumptions behind this inventory signaling hypothesis: (1) the market cannot tell the difference between “good” and …
Persistent link: https://www.econbiz.de/10005413245
between buyers and sellers, such as found in Akerlof’s lemons model and Spence’s signaling model and extends the arguments put … all qualities together (lemons) or using external indications of quality to separate them (signaling). Similarly, the …
Persistent link: https://www.econbiz.de/10005125589
This paper reports experimental evidence on behaviour in an Ultimatum Game where responders have low structural information and feedback so that they have to learn the nature of the game during repeated play. The results lend support to the view that certain learning conditions are less...
Persistent link: https://www.econbiz.de/10005125583
What can it mean for preferences to be rational when transitivity or completenss are not assumed? In this paper we provide a framework and a set of conditions to deal with this question. We provide representation results in terms of a pair of functions, a utility function and a vagueness function.
Persistent link: https://www.econbiz.de/10005118532
(multiskilling, delegation, and continuous process improvement), and analyses ways in which they are related to labor market …
Persistent link: https://www.econbiz.de/10005556845
authority to ideologically distinct bureaucratic agents; and that delegation of authority, while it takes advantage of agency …
Persistent link: https://www.econbiz.de/10005560982
Applying the modern Property Rights Approach to depict employment and firm-internal delegation relationships, this … interaction effects between firm-internal delegation relationships, the possibly devilish side function of formal corporate ethics …
Persistent link: https://www.econbiz.de/10005561039
show that while full alignment of interests combined with delegation of authority is feasible, it is never optimal. The …
Persistent link: https://www.econbiz.de/10005561839
delegation. The questions that we ask are which decision makers choose to delegate, and to whom they delegate. In situations … involving public goods, we characterize the decision makers who will strictly prefer to delegate, and show that when delegation …
Persistent link: https://www.econbiz.de/10005118601
Suppose an altruistic person, A, is willing to transfer resources to a second person, B, if B comes upon hard times. If B anticipates that A will act in this manner, B will save too little from both agents' point of view. This is the Samaritan's dilemma. The logic of the dilemma has been...
Persistent link: https://www.econbiz.de/10005077070