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We study electoral competition among politicians who are heterogeneous both in competence and in how much they care about (what they perceive as) the public interest relative to the private rents from being in office. We show that politicians may have stronger incentives to behave...
Persistent link: https://www.econbiz.de/10011256630
Trade unions tend to reduce the dispersion of wages among their members. Skilled workers may therefore have an incentive to separate from an encompassing union and organize into a separate craft union. In this paper, we examine a theoretical model to gain insight into the determinants of the...
Persistent link: https://www.econbiz.de/10011249544
This discussion paper led to a publication in the 'Journal of Law, Economics & Organization', 2004, 20, 353-378.<P> This paper is concerned with the role of committees in collective decision-makingprocesses in a world where agents must be motivated to collect information. Committees improvethe...</p>
Persistent link: https://www.econbiz.de/10011242149
This discussion paper led to a publication in the 'Journal of Law, Economics & Organization', 2004, 20, 353-378.<P> This paper is concerned with the role of committees in collective decision-makingprocesses in a world where agents must be motivated to collect information. Committees improvethe...</p>
Persistent link: https://www.econbiz.de/10011256626
This paper examines the incentives for a party leader in office and for a parties' rank-and-file to replace a sitting member of parliament. As to the leader's decision, we show that the leader prefers to replace a critical member of parliament who votes against the leader's policy. A competent...
Persistent link: https://www.econbiz.de/10011256813
The collection of information necessary fordecision-making is often delegated to agents (e.g. bureaucrats,advisors, lawyers). If both the pros and cons of a decision haveto be examined, it is better to use competing agents instead of asingle agent. The reason is that two conflicting pieces...
Persistent link: https://www.econbiz.de/10011257104
This discussion paper has led to a publication in the <A href="http://www.sciencedirect.com/science/article/pii/S0047272710000721">'Journal of Public Economics'</A>. The quality of public management is a recurrent concern in many countries. Calls to attract the economy's best and brightest managers to the public sector abound. This paper studies self-selection into...</a>
Persistent link: https://www.econbiz.de/10011255450
We study the relation between formal incentives and social exchange in organizations where employees work for several managers and reciprocate to 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/10011255514
Field-experimental studies have shown that people litter more in more littered environments. Inspired by these findings, many cities around the world have adopted policies to quickly remove litter. While such policies may prevent people from following the bad example of litterers, they may also...
Persistent link: https://www.econbiz.de/10011255537
This paper studies how social relationships between managers and employees affect relational incentive contracts. To this end we develop a simple dynamic principal-agent model where both players may have feelings of altruism or spite toward each other. The contract may contain two types of...
Persistent link: https://www.econbiz.de/10011255564