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Double inefficiency in optimally organized firms

Boes, Dieter; Peters, Wolfgang - University of Bonn, Germany - 1992

Persistent link: https://www.econbiz.de/10005032099

Authority and Incentives in Organizations

Kräkel, Matthias - University of Bonn, Germany - 2013

divisions to replace high incentive pay for motivating the division heads by incentives based on private benefits of control. In …

Persistent link: https://www.econbiz.de/10010617907

Strategic Mismatches in Sequential Contracting: The Case of Professional Partnerships

Kräkel, Matthias - University of Bonn, Germany - 1999

Mismatches typically arise because of information problems in markets. This paper discusses the possibility of mismatching in partnerships focussing on strategic mismatches that cannot be explained by information problems. It is shown that due to market competition sometimes players can profit...

Persistent link: https://www.econbiz.de/10004968134

Aspiration Adaptation Theory

Selten, Reinhard - University of Bonn, Germany - 1996

Aspiration adaptation theory (Sauermann and Selten, 1962), not available in English up to now, is a general model of non-optimizing boundedly rational behavior. The theory is presented in a more formal fashion than in the original paper. Moreover, the presentation is complemented by remarks on...

Persistent link: https://www.econbiz.de/10004968260

Privatization, Technology Choice and Aggregate Outcomes

Hansen, Nico A. - University of Bonn, Germany - 1995

preferable. Technology adoption crucially depends on how property rights are distributed and which method of privatization is …' equity shares, may perform worse. Furthermore only a Big Bang approach to privatization might lead to favorable outcomes. …

Persistent link: https://www.econbiz.de/10004968121

Mass Privatization, Management Control and Efficiency

Dieter B”s; Harms, Phillipp - University of Bonn, Germany - 1995

's incumbent manager and from potential shareholders, anticipating that a greater dispersion of shares reduces the control of the … policy of mass privatization will be implemented - if the manager's utility enters the political support function with a … privatization schemes sacrifice efficiency to satisfy political constraints and show that they can be very attractive from an …

Persistent link: https://www.econbiz.de/10004968132

Privatization in East Germany: A survey of current issues

Boes, Dieter - University of Bonn, Germany - 1991

Persistent link: https://www.econbiz.de/10004968164

Incomplete Contracts and Privatization

Schmidt, Klaus M. - University of Bonn, Germany - 1995

The paper offers a selective survey on the incomplete contracts approach to privatization. Furthermore, a simple model … of privatization to an owner-manager is developed in which different allocations of ownership rights lead to different …, privatization is a commitment device of the government to credibly reward the manager for a successful cost reduction and to harden …

Persistent link: https://www.econbiz.de/10004968174

Privatization and Restructuring: An Incomplete--Contract Approach

Dieter B”s - University of Bonn, Germany - 1996

This paper deals with a special hold-up problem in privatization. …

Persistent link: https://www.econbiz.de/10004968178

Incomplete Contracting and Price--Cap Regulation

Bös, Dieter - University of Bonn, Germany - 1995

This paper deals with price--cap regulation of a monopolistic distribution grid which sells a license to some retailer. The sale of the license is a long--term incomplete contract. Both the grid and the licensee engage in relationship--specific investments before the value and costs of the...

Persistent link: https://www.econbiz.de/10004968179