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Delegation and recruitment in organizations : the slippery slope to "bad" leadership
Çakır, Selcen; Matakos, Konstantinos; Tukiainen, Janne - 2022
We construct a dynamic model of two-sided sorting in labor markets with multi-dimensional agent and firm heterogeneity. We apply it to study optimal party structure and the decision of how (de)centralized candidate recruitment should be. Parties are non-unitary actors and compete at the local...
Persistent link: https://www.econbiz.de/10014229853
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Designing contests between heterogeneous contestants : an experimental study of tie-breaks and bid-caps in all-pay auctions
Llorente-Saguer, Aniol; Sheremeta, Roman M.; Szech, Nora - 2016
A well-known theoretical result in the contest literature is that greater heterogeneity decreases performance of contestants because of the "discouragement effect." Leveling the playing field by favoring weaker contestants through bid-caps and favorable tie-breaking rules can reduce the...
Persistent link: https://www.econbiz.de/10011473683
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Efficient implementation with interdependent valuations and maxmin agents
Song, Yangwei - 2018
We consider a single object allocation problem with multidimensional signals and interdependent valuations. When agents' signals are statistically independent, Jehiel and Moldovanu [Efficient design with interdependent valuations, Econometrica, 69(5):1237-1259, 2001] show that efficient and...
Persistent link: https://www.econbiz.de/10011900076
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Delegation and recruitment in organizations: The slippery slope to "bad" leadership
Çakır, Selcen; Matakos, Konstantinos; Tukiainen, Janne - 2022
We construct a dynamic model of two-sided sorting in labor markets with multi-dimensional agent and firm heterogeneity. We apply it to study optimal party structure and the decision of how (de)centralized candidate recruitment should be. Parties are non-unitary actors and compete at the local...
Persistent link: https://www.econbiz.de/10014551584
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Games played through agents in the laboratory : a test of Prat & Rustichini's model
Ensthaler, Ludwig; Huck, Steffen; Leutgeb, Johannes - 2017
From the regulation of sports to lawmaking in parliament, in many situations one group of people ("agents") make decisions that affect payoffs of others ("principals") who may offer action-contingent transfers in order to sway the agents' decisions. Prat and Rustichini (2003) characterize...
Persistent link: https://www.econbiz.de/10011668556
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Games played through agents in the laboratory : a test of Prat & Rustichini's model
Ensthaler, Ludwig; Huck, Steffen; Leutgeb, Johannes Josef - 2019 - 2nd revision September 2019
From the regulation of sports to lawmaking in parliament, in many situations one group of people ("agents") make decisions that affect the payoffs of others ("principals") who may offer action-contingent transfers in order to sway the agents' decisions. Prat and Rustichini (2003) characterize...
Persistent link: https://www.econbiz.de/10012102977
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Fair procedures with naive agents : who wants the Boston mechanism?
König, Tobias; Kübler, Dorothea; Mechtenberg, Lydia; … - 2019
We study preferences over procedures in the presence of naive agents. We employ a school choice setting following Pathak and Sönmez (2008) who show that sophisticated agents are better off under the Boston mechanism than under a strategy-proof mechanism if some agents are sincere. We use lab...
Persistent link: https://www.econbiz.de/10012139539
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Proxy wars
Konyukhovskiy, Pavel V.; Grigoriadis, Theocharis - 2018
Proxy wars are a key pattern of political conflict and interstate competition. Rather than resorting to direct conflicts, which are costly and entail a higher level of uncertainty, governments may opt for proxy wars, which may last longer, but are less costly and render them more immune to...
Persistent link: https://www.econbiz.de/10011805757
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Anti-corruption campaign in China : an empirical investigation
Yang, Li; Milanović, Branko; Lin, Yaoqi - 2023
database of officials who have been found guilty of corruption in China in the period 2012-21 with their personal … characteristics and the amount of embezzled funds. We use it to investigate the correlates of corruption, estimate the effects of … corruption on inequality, and find the expected increase in officials’ income due to corruption and the gain in income …
Persistent link: https://www.econbiz.de/10014440105
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Pre-emptive sovereign debt restructuring and holdout litigation
Anand, Kartik; Gai, Prasanna - 2018
We offer an analytical framework for studying "pre-emptive" debt exchanges. Countries can tailor a sovereign bankruptcy framework by choosing provisions (or "haircuts") ex ante, but must contend with the market discipline of holdout litigation ex post. Secondary markets play a role in shaping...
Persistent link: https://www.econbiz.de/10011874276