Showing 1 - 10 of 2,395
Persistent link: https://www.econbiz.de/10003934101
Incentives based on esteem, honor and shame are increasingly popular and easy to use due to modern surveillance techniques. However, the use of shaming is controversial: critics argue that delegating punishment to a crowd can lead to mob justice and a loss of control over the size of the...
Persistent link: https://www.econbiz.de/10011844573
Persistent link: https://www.econbiz.de/10003408840
This paper is concerned with the role of committees in collective decision-makingprocesses in a world where agents must be motivated to collect information. Committees improvethe quality of decision-making by providing information and by coordinating the collection ofinformation. We address two...
Persistent link: https://www.econbiz.de/10011332816
We identify the conditions under which voters can induce political parties to collect information and to select policies which are optimal from the representative voter’s point of view. We show that when parties are office motivated the voting rule should encourage parties to collect...
Persistent link: https://www.econbiz.de/10011334829
This article proposes a theory of corporate transparency and its determinants. We show that under imperfect product … preferred by equity holders. The theory predicts a clustering of firm characteristics that emerge when capital markets are not …
Persistent link: https://www.econbiz.de/10011316902
The collection of information necessary fordecision-making is often delegated to agents (e.g. bureaucrats,advisors, lawyers). If both the pros and cons of a decision haveto be examined, it is better to use competing agents instead of asingle agent. The reason is that two conflicting pieces...
Persistent link: https://www.econbiz.de/10011326399
Persistent link: https://www.econbiz.de/10001993175
Persistent link: https://www.econbiz.de/10001791773
Persistent link: https://www.econbiz.de/10001554528