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Initial luck, status-seeking and snowballs lead to corporate success and failure

Glazer, Amihai (contributor); Kanniainen, Vesa (contributor) - 2004

Corporate success often resembles a snowball. We show how initial luck in hiring talented people, the resulting technological advantage, superior corporate culture, and status-seeking by workers can make small initial differences generate large differences over time.

Persistent link: https://www.econbiz.de/10002526021

On the economics and biology of trust

Fehr, Ernst (contributor) - 2008

In recent years, many social scientists have claimed that trust plays an important role in economic and social transactions. Despite its proposed importance, the measurement and the definition of trust seem to be not fully settled, and the identification of the exact role of trust in economic...

Persistent link: https://www.econbiz.de/10003793375

Is strong reciprocity a maladaptation? : On the evolutionary foundations of human altruism

Fehr, Ernst (contributor); Henrich, Joseph (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001731004

Consistency in organization (updated)

Schlicht, Ekkehart - 2011

modern compensation theory, but has not been extended to organization theory. The perspective sheds new light on several … topics in the theory of the firm, like the boundaries of the firm, the importance of fairness concerns within firms, the … attenuation of incentives, or the role of routines and incentives. It implies a perceptional theory of the firm that is realistic …

Persistent link: https://www.econbiz.de/10009238549

Consistency in organization

Schlicht, Ekkehart (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001733890

Evolution and the growth process : natural selection of entrepreneurial traits

Galor, Oded; Michalopulos, Stelios - 2012

This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit evolved non-monotonically in the course of human...

Persistent link: https://www.econbiz.de/10009530758

On market forces and human evolution

Saint-Paul, Gilles - 2002

This paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces of natural selection are made weaker because trade allows people to specialize in those activities where they are strong, and to offset their weaknesses by purchasing adequate...

Persistent link: https://www.econbiz.de/10011414433

How Darwinian should an economy be?

Saint-Paul, Gilles - 2014

This paper studies aggregate dynamics in a cobweb model where learning takes place through a selection mechanism, by which more successful firms are replicated at a higher rate. The structure of the model allows to characterize analytically the aggregate dynamics, and to compute the effect on...

Persistent link: https://www.econbiz.de/10010440555

Do big inequalities in executive pay hurt firm performance?

Chung, Richard; DeVaro, Jed; Fung, Scott - 2024

evaluates that literature, clarifies what tournament theory predicts about the relationship, identifies methodological pitfalls … relationship between pay disparity and firm performance. Tournament theory offers a unified framework that can explain an inverted …

Persistent link: https://www.econbiz.de/10015075389

Market characteristics, intra-firm coordination, and the choice of human resource management systems : evidence from new Japanese data

Kato, Takao (contributor); Ōwan, Hideo (contributor) - 2007

consistent with the theory) is that the adoption of both self-managed online teams and cross-functional offline teams usually … in firms with joint labor-management committees. We also confirm implications from our theory that firms in more …

Persistent link: https://www.econbiz.de/10003561667

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