Showing 1 - 10 of 26
Internal organization relies heavily on psychological consistency requirements. This thought has been emphasized in modern compensation theory, but has not been extended to organization theory. The perspective sheds new light on several topics in the theory of the firm, like the boundaries of...
Persistent link: https://www.econbiz.de/10009251371
Recent thinking has emphasized the importance of consistency in a firm’s compensation policy. By starting from Williamson’s ideas about idiosyncratic exchange, this view can be supplied with some theoretical foundation. At the same time, the consistency view can be applied to a number of...
Persistent link: https://www.econbiz.de/10005763891
Employment contracts give a principal the authority to decide flexibly which task his agent should execute. However, there is a tradeoff, first pointed out by Simon (1951), between flexibility and employer moral hazard. An employment contract allows the principal to adjust the task quickly to...
Persistent link: https://www.econbiz.de/10010598089
Informal long-term relationships and mutual confidence play a crucial role in modern economies in at least two dimensions. First, the performance of firms is strongly affected by their capacity to solve organizational questions effectively and this capacity is apparently strongly related to...
Persistent link: https://www.econbiz.de/10008777145
It has been claimed that the market fosters selfishness and thereby undermines the moral basis of society. This thesis has been developed with an emphasis on market exchange. Everyday life is, however, predominantly shaped by interactions in the workplace rather than by shopping behaviour. This...
Persistent link: https://www.econbiz.de/10005566784
We develop a theory of firm scope in which integrating two firms into one facilitates the allocation of resources, but leads to weaker incentives for effort, compared with nonintegration. Our theory makes minimal assumptions about the underlying agency problem. Moreover, the benefits and costs...
Persistent link: https://www.econbiz.de/10005761852
The Internet has the potential to reduce search frictions by allowing individuals to identify faster a larger set of …. This paper empirically examines the implications of Internet diffusion in the United States since the 1990s on one aspect … marriage markets. I also provide some suggestive evidence that Internet has likely crowded out other traditional meeting venues …
Persistent link: https://www.econbiz.de/10010887066
With the growth of the Internet, online job portals have become an important medium for job matching. This paper …
Persistent link: https://www.econbiz.de/10010959663
This paper analyses the effect of information disseminated by the Internet on voting behavior. We address endogeneity … in Internet availability by exploiting regional and technological peculiarities of the preexisting voice telephony … network that hinder the roll-out of fixed-line broadband infrastructure for high-speed Internet. We find small negative …
Persistent link: https://www.econbiz.de/10011279358
While the Internet has been found to reduce trading frictions in a number of other markets, existing research has … found that Internet job search (IJS) was associated with longer unemployment durations in 1998/2000 – using comparable data … about 25 percent. This finding is robust to controls for workers' AFQT scores and detailed indicators of Internet access …
Persistent link: https://www.econbiz.de/10009293739