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This paper studies the efficiency of decentralized leadership in federations where selfish regional governments provide …. Without residential mobility, unlimited decentralized leadership is efficient only if the center implements redistributive … leadership is efficient if the center adopts redistributive interregional income and earmarked policies and there is a common …
Persistent link: https://www.econbiz.de/10012981293
We present a field experiment in which we set up a call-center to study how the productivity of workers is affected if managers treat their co-workers in an unfair way. This question cannot be studied in long-lived organizations since workers may change their career expectations (and hence...
Persistent link: https://www.econbiz.de/10012929481
I study a sequential-move public goods game based on the notion that leadership comes with an obligation; conscientious … leadership. Provision by the leader of an amount of the public good below a minimum imposes a psychological cost on the follower … conscientious leadership. I find that, under certain conditions, the follower's equilibrium contribution is an increasing or non …
Persistent link: https://www.econbiz.de/10012964625
in the foreign policy alignment between a donor and a recipient country following leadership changes induce reallocation … policy position. Thus, leadership turnover in recipient and donor countries makes otherwise inconsequential deviations in …
Persistent link: https://www.econbiz.de/10012967869
leader heterogeneity in the selectorate theory of Bueno de Mesquita et al. (2003) and derive the hypothesis that in the …
Persistent link: https://www.econbiz.de/10013315693
When a principal’s monitoring information is private (non-verifiable), the agent should be concerned that the principal could misrepresent the information to reduce the agent’s wage or collect a monetary penalty. Restoring credibility may lead to an extreme waste of resources - the so-called...
Persistent link: https://www.econbiz.de/10014043494
Economic regions, such as urban agglomerations, face external demand and price shocks that produce income risk. Workers in large and diversified agglomerations may benefit from reduced wage volatility, while firms may outsource the production of intermediate goods and realize benefits from...
Persistent link: https://www.econbiz.de/10014204210
The tractable general equilibrium model developed by Golosov et al. (2014), GHKT for short, is modified to allow for stock-dependent fossil fuel extraction costs and partial exhaustion of fossil fuel reserves, a negative impact of global warming on growth, mean reversion in climate damages,...
Persistent link: https://www.econbiz.de/10012996198
The paper investigates social-learning when the information structure is not commonly known. Individuals repeatedly interact in social-learning settings with distinct information structures. In each round of interaction, they use their experience gained in past rounds to draw inferences from...
Persistent link: https://www.econbiz.de/10012996206
In recent years tax authorities worldwide have implemented voluntary disclosure schemes to recover tax on offshore investments. Such Schemes are characterized by the acquisition of non-audit information on offshore holdings, and a subsequent opportunity for affected taxpayers to make a voluntary...
Persistent link: https://www.econbiz.de/10012996861