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We develop a model of manager-employee relationships where employees care more for their manager when they are more convinced that their manager cares for them. Managers can signal their altruistic feelings towards their employees in two ways: by offering a generous wage and by giving attention....
Persistent link: https://www.econbiz.de/10011377053
This paper provides a model that can account for the almost uniform staggering of wage contracts in some countries as well as for the markedly nonuniform staggering in others. In the model, short and long contracts as well as long contracts concluded in different periods are strategic...
Persistent link: https://www.econbiz.de/10003982016
signaling game between the third party and her ally's enemy where preferences do not satisfy the single-crossing condition … information about the strength of her ally's enemy can be strategically exploited by the enemy through pronouncements that would … information to the third party. In some cases, the third party and her ally are strictly better off if the third-party's decision …
Persistent link: https://www.econbiz.de/10003854485
Persistent link: https://www.econbiz.de/10001948545
Matching mechanisms are regarded as an important instrument to bring about Pareto optimal allocations in a public good … interior matching equilibrium, however, emerges only under very special conditions. But we show in this note that corner … results by a simple numerical example. -- public goods ; matching ; Pareto optimality …
Persistent link: https://www.econbiz.de/10009011305
One of the main findings of a large body of gift exchange experiments is that in an incomplete contracts environment workers on average do not shirk and usually provide more than the minimum enforceable effort level. In general, 40 to 60 percent of the workers reward higher wages with higher...
Persistent link: https://www.econbiz.de/10011338000
Numerous gift exchange experiments have found a positive relationship between employers' wage offers and workers' effort levels. In (almost) all these experiments the employer both owns and controls the firm. Yet in reality many firms are characterized by the separation of ownership and control....
Persistent link: https://www.econbiz.de/10011349214
information. The absence of the signaling effect seems related to the perception of managers' intentions, a mitigating but … evidence for the hypothesized signaling effect. Having an informed manager set the incentive does not change employees' be …
Persistent link: https://www.econbiz.de/10014227737
reduces the incentives to exert effort in R&D activities. Then, drawing on the signaling role of patents highlighted by the …
Persistent link: https://www.econbiz.de/10010366175
Persistent link: https://www.econbiz.de/10012650192