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A simple model of project selection with strategic communication and uncertain motives
Rantakari, Heikki - In: Journal of Economic Behavior & Organization 102 (2014) C, pp. 14-42
I analyze a problem of project selection where two agents, privately informed of both the true value and their bias in favor of their alternatives, make non-verifiable proposals to an uninformed decision-maker. The analysis makes two contributions. First, I examine the consequences of preference...
Persistent link: https://www.econbiz.de/10010776750
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Optimal tolerance for failure
Siegert, Caspar; Trepper, Piers - In: Journal of Economic Behavior & Organization 109 (2015) C, pp. 41-55
We consider the problem of an employer who has to choose whether to reemploy agents with a positive track record or agents who were unsuccessful. While previously successful managers are likely to be of high ability, they have also accumulated wealth and will be harder to motivate in the future....
Persistent link: https://www.econbiz.de/10011190118
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Health insurance, treatment plan, and delegation to altruistic physician
Liu, Ting; Ma, Ching-to Albert - In: Journal of Economic Behavior & Organization 85 (2013) C, pp. 79-96
We study delegating a consumer's treatment plan decisions to an altruistic physician. The physician's degree of altruism is his private information. The consumer's illness severity will be learned by the physician, and also will become his private information. Treatments are discrete choices,...
Persistent link: https://www.econbiz.de/10010693377
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Delegating the decision-making authority to terminate a sequential project
Tamada, Yasunari; Tsai, Tsung-Sheng - In: Journal of Economic Behavior & Organization 99 (2014) C, pp. 178-194
This paper considers a two-stage project which requires investments to be made by different agents, who have career concerns, at each stage. The principal needs to decide whether the project should be continued or not after the first-stage outcome is realized. The principal can either keep the...
Persistent link: https://www.econbiz.de/10010743950
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Implicit collusion in non-exclusive contracting under adverse selection
Han, Seungjin - In: Journal of Economic Behavior & Organization 99 (2014) C, pp. 85-95
This paper studies how implicit collusion may take place through simple non-exclusive contracting under adverse …
Persistent link: https://www.econbiz.de/10010743936
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Who will monitor the monitors? Informal law enforcement and collusion at Champagne
Guha, Brishti - In: Journal of Economic Behavior & Organization 83 (2012) 2, pp. 261-277
, are themselves vulnerable to collusion and extortion. I focus on one such informal monitor – the fair authorities at the … deal with collusion, though it does deal with extortion. I show that there is a collusion-proof equilibrium in an … interact with the Champagne fair authorities’ incentives. This is invulnerable to collusion, extortion and “reverse extortion …
Persistent link: https://www.econbiz.de/10011048226
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Do buyer groups facilitate collusion?
Normann, Hans-Theo; Rösch, Jürgen; Schultz, Luis Manuel - In: Journal of Economic Behavior & Organization 109 (2015) C, pp. 72-84
We explore whether lawful cooperation in buyer groups facilitates collusion in the product market. Buyer groups … constitute credible threats. Hence, in theory, buyer groups facilitate collusion. We run several experimental treatments using …
Persistent link: https://www.econbiz.de/10011190130
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Make and buy: Balancing bargaining power
Stenbacka, Rune; Tombak, Mihkel - In: Journal of Economic Behavior & Organization 81 (2012) 2, pp. 391-402
We analyze the optimal procurement of labor, which can be supplied either internally, based on wage negotiations, or acquired at terms negotiated with an external subcontractor. The novel feature of our model is that the subcontractor's bargaining power is a function of the proportion of output...
Persistent link: https://www.econbiz.de/10010573049
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Innovation and waste in supply chain management
Peitz, Martin; Shin, Dongsoo - In: Journal of Economic Behavior & Organization 86 (2013) C, pp. 191-199
We study a supply chain relationship in which the buyer outsources production of a component to the supplier. The buyer also produces a component and combines it with the supplier's input to yield the final output. The supplier can upgrade production of his input via costly innovation. Neither...
Persistent link: https://www.econbiz.de/10010688110
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Worker characteristics and wage differentials: Evidence from a gift-exchange experiment
Englmaier, Florian; Strasser, Sebastian; Winter, Joachim - In: Journal of Economic Behavior & Organization 97 (2014) C, pp. 185-203
There is ample empirical evidence indicating that a substantial fraction of the population exhibits social preferences. Recent work also shows that social preferences influence the effectiveness of incentives in labor relations. Hence, when making contracting decisions, employers should take...
Persistent link: https://www.econbiz.de/10010737912