Showing 1 - 10 of 543
delegation principle can be used to characterize the set of allcommon agency equilibria. …
Persistent link: https://www.econbiz.de/10011400675
Companies typically control various aspects of their workers' behaviors. In this paper, we investigate whether the hierarchical distance of the superior who imposes such control measures matters for the workers' ensuing reaction. In particular, we test, in a laboratory experiment, whether...
Persistent link: https://www.econbiz.de/10013255629
evidence for the hypothesized signaling effect. Having an informed manager set the incentive does not change employees' be … information. The absence of the signaling effect seems related to the perception of managers' intentions, a mitigating but …
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
Using a laboratory experiment, we present first evidence that stigmatization through public exposure causally reduces the take-up of an individually beneficial transfer. Our design exogenously varies the informativeness of the take-up decision by varying whether transfer eligibility is based on...
Persistent link: https://www.econbiz.de/10011663605
motive versus the signaling motive, we consider a gift-exchange game with three players: an employer pays wages to a worker …. We interpret this as support for the signaling motive: Indirect reciprocity is rather a byproduct of direct reciprocity …
Persistent link: https://www.econbiz.de/10012244540
contributing to the public good. The model combines a follower's concern for fairness and informational signaling about … goods games that were based on only signaling information (i.e., about the quality of the public good or the return to …
Persistent link: https://www.econbiz.de/10011573862
portfolios to investors. We extend the signaling model for single sales of risky assets to portfolio sales. We identify … conditions under which signaling at the portfolio level dominates signaling at the single asset level. In particular, when banks …
Persistent link: https://www.econbiz.de/10011610925
We study adaptation to climate change in a federalist setting. To protect themselves against an increase in flood risk, regional governments choose among adaptation measures that vary with respect to their costs, the level of protection they offer, and the presence and nature of spillovers to...
Persistent link: https://www.econbiz.de/10011616351
strategically distorted information. This ambiguity about the type of spy gives rise to a non-standard signaling problem where both …
Persistent link: https://www.econbiz.de/10012507333