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Recent thinking has emphasized the importance of consistency in a firm?s compensation policy. By starting from Williamson?s ideas about idiosyncratic exchange, this view can be supplied with some theoretical foundation. At the same time, the consistency view can be applied to a number of...
Persistent link: https://www.econbiz.de/10010261986
Internal organization relies heavily on psychological consistency requirements. This thought has been emphasized in 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...
Persistent link: https://www.econbiz.de/10010278547
Employment contracts give a principal the authority to decide flexibly which task his agent should execute. However, there is a tradeoff, first pointed out by Simon (1951), between flexibility and employer moral hazard. An employment contract allows the principal to adjust the task quickly to...
Persistent link: https://www.econbiz.de/10010291316
respond? A simple theoretical framework predicts that reduced exposure to pre-pandemic international mobility causes slightly … 2009. We find that in all cases, even a draconian 50 percent reduction in pre-pandemic international mobility is associated …
Persistent link: https://www.econbiz.de/10012497848
We investigate gender differences across socioeconomic and wellbeing dimensions after three months of lockdown in the … prevalent and lethal than men do. Women are also more likely to expect a new lockdown or virus outbreak by the end of 2020, and … food banks. Women are more likely to have lost their job because of the pandemic, and working women are more likely to hold …
Persistent link: https://www.econbiz.de/10012270141
The public health measures implemented by governments to limit the spread of the COVID-19 pandemic will produce … economic lockdown and contagion. We then supply empirical evidence, by means of simulation analysis, on the distributive … effects of the lockdown for 31 European countries. Our results confirm that the lockdown is likely to significantly increase …
Persistent link: https://www.econbiz.de/10012269927
remove concurrent policy bias from the effect of each policy of interest, and we establish that policies curb the epidemic by …
Persistent link: https://www.econbiz.de/10012269971
estimates also have implications for the costs of social distancing during a pandemic and may be especially applicable when …
Persistent link: https://www.econbiz.de/10012322447
profit. I shall argue against this thesis that the same attribution mechanisms which render corporate culture an effective …
Persistent link: https://www.econbiz.de/10010262244
We develop a theory of firm scope in which integrating two firms into one facilitates the allocation of resources, but leads to weaker incentives for effort, compared with non-integration. Our theory makes minimal assumptions about the underlying agency problem. Moreover, the benefits and costs...
Persistent link: https://www.econbiz.de/10010268001