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Philosophers, psychologists, and economists have long argued that certain decision rights carry not only instrumental value but may also be valuable for their own sake. The ideas of autonomy, freedom, and liberty derive their intuitive appeal – at least partly – from an assumed positive...
Persistent link: https://www.econbiz.de/10010660133
Employment contracts give a principal the authority to decide flexibly which task his agent should execute. However … behavioral forces shape an important transaction cost of integration – the abuse of authority – and by providing an empirical …
Persistent link: https://www.econbiz.de/10010604419
competitive auction to determine the terms of trade than if she uses her authority to dictate the same terms directly. Our results …
Persistent link: https://www.econbiz.de/10010781540
Authority and power permeate political, social, and economic life, but empirical knowledge about the motivational … origins and consequences of authority is limited. We study the motivation and incentive effects of authority experimentally in … an authority-delegation game. Individuals often retain authority even when its delegation is in their material interest …
Persistent link: https://www.econbiz.de/10013096578
In this laboratory experiment we study the use of strategic ignorance to delegate real authority within a firm. A …
Persistent link: https://www.econbiz.de/10013316162