Narrow search
Showing 1 - 10 of 244
Cover Image
Advantageous smallness in contests
Amegashie, J. Atsu - 2021
A standard result in contests is that a higher-ability player has a higher probability of winning the prize than a lower-ability player. Put differently, a stronger player has an advantage over a weaker player in a contest. There are very few exceptions to this standard result. I consider a...
Persistent link: https://www.econbiz.de/10012669006
Cover Image
Do employees benefit from worker representation on corporate boards?
Blandhol, Christine; Mogstad, Magne; Nilsson, J. Peter; … - 2020
Do employees benefit from worker representation on corporate boards? Economists and policymakers are keenly interested in this question – especially lately, as worker representation is widely promoted as an important way to ensure the interests and views of the workers. To investigate this...
Persistent link: https://www.econbiz.de/10012392177
Cover Image
Why isn't Uber worker-managed? : a model of digital platform cooperatives
Belloc, Filippo - 2019
vis-à-vis a capital-managed (CM) counterpart. Firms compete over workers by choosing the optimal size and (CM firms only … interval of firm size. At the equilibrium size, viability of WM firms may be impeded by the costs of the external capital, no …
Persistent link: https://www.econbiz.de/10012029152
Cover Image
Labor in the boardroom
Jäger, Simon; Schoefer, Benjamin; Heining, Jörg - 2019
reduces owners' capital investment -we find that granting formal control rights to workers raises capital formation. The … capital stock, the capital-labor ratio, and the capital share all increase. Shared governance does not raise wage premia or … effect on profitability, leverage, or costs of debt. Overall, the evidence is consistent with richer models of industrial …
Persistent link: https://www.econbiz.de/10012138860
Cover Image
Experience, innovation and productivity : empirical evidence from Italy's slowdown
Daveri, Francesco; Parisi, Maria Laura - 2010
We investigate the role of workers' and managerial experience as a determinant of firm innovation and productivity in a sample of Italian manufacturing firms. A high share of temporary - thus un-experienced - workers is associated to low innovation and productivity. The effect of managerial...
Persistent link: https://www.econbiz.de/10003985881
Cover Image
Incentives, reputation and the allocation of authority
Englmaier, Florian; Filipi, Ales; Singh, Ravi - 2010
We address the question how much authority a principal should delegate to a manager with conflicting interests and uncertain ability in a context in which the manager has both compensation-based and reputational incentives. The optimal level of authority balances the value of the manager's...
Persistent link: https://www.econbiz.de/10003942661
Cover Image
Delegation and interim performance evaluation
Schütte, Miriam; Wichardt, Philipp C. - 2013 - This Version: March 22, 2013
This paper considers the effects of an interim performance evaluation on the decision of a principal to delegate authority to a potentially biased but better informed agent. Assuming the agents ́outside option to be determined by market beliefs about their type, interim evaluations (a) provide...
Persistent link: https://www.econbiz.de/10009730547
Cover Image
Being independent is a great thing : subjective evaluations of self-employment and hierarchy
Frey, Bruno S.; Benz, Matthias - 2003
One can be independent, or subject to decisions made by others. This paper empirically tests whether individuals attach an intrinsic value to the institutional difference between independence and hierarchy. Taking self-employment as an important case of independence, it is shown that the...
Persistent link: https://www.econbiz.de/10011507967
Cover Image
Gift exchange in the workplace : money or attention?
Dur, Robert A. J. - 2008
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/10003803551
Cover Image
Pay transparency under subjective performance evaluation
Fahn, Matthias; Zanarone, Giorgio - 2021
This paper studies how pay transparency affects organizations that reward employees based on their efforts (i.e., using "subjective performance evaluation"). First, we show that transparency triggers social comparisons that require the organization to pay its employees an "envy premium". This...
Persistent link: https://www.econbiz.de/10012418628