The paper investigates technical efficiency determinants for sausage industry in Greece over the period of 1994–2007. A double bootstrap data envelopment analysis is applied in order to obtain robust estimates of efficiency scores and regression variable coefficients in the presence of...

Standard economic theory assumes individuals choose actions that optimize their expected utility. In this paper we investigate how the existence of players with non-standard preferences may influence economic agents' behavior in some of the most frequently studied non-cooperative games. We find...

A contract-based model of the endogenous determination of an organization's architecture is considered where a principal has the choice between a two- and a three-level organization. Each organizational architecture is plagued with its own specific form(s) of opportunism. We derive the...

Economists have offered a number of explanations on the introduction of monetary incentives within firms. These range from the classical agency model to the impact exerted by factors such as monitoring technology, influence activity and organizational structure. Numerous empirical contributions...

Standard economic theory assumes individuals choose actions that optimize their expected utility. In this paper we investigate how the existence of players with non-standard preferences may influence economic agents' behavior in some of the most frequently studied non-cooperative games. We find...

Economists have offered a number of explanations on the introduction of monetary incentives within firms. These range from the classical agency model to the impact exerted by factors such as monitoring technology, influence activity and organizational structure. Numerous empirical contributions...

Using data from Nippon Professional Baseball, which is the Japanese professional baseball league, we examine the relationship between within-team salary disparity and team performance. We find that greater salary disparity tends to result in better team performance, which is the opposite of what...

We present a model of optimal monitoring expenditures. For any technology that yields a conventional ``S-shaped''' production function for monitoring, the optimal level of monitoring is shown to be higher in medium-sized firms than in both small and large firms. Further, the interaction between...

We present a model of optimal monitoring expenditures. For any technology that yields a conventional ``S-shaped''' production function for monitoring, the optimal level of monitoring is shown to be higher in medium-sized firms than in both small and large firms. Further, the interaction between...