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Disciplining and screening top executives
Dominguez-Martinez, Silvia; Swank, Otto H.; Visser, Bauke - 2006
Boards of directors face the twin task of disciplining and screening executives. To perform these tasks directors do not have detailed information about executives' behaviour, and only infrequently have information about the success or failure of initiated strategies, reorganizations, mergers...
Persistent link: https://www.econbiz.de/10011349199
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The Political Economy of Commitment to Policies
Delfgaauw, Josse; Swank, Otto H. - 2023
commitment. We study policymakers' incentives to commit. A policymaker decides on a policy to encourage citizens to make … redistributive concerns to the trade-off between commitment and flexibility. When a majority of citizens invest, redistributive … time-inconsistency problem. Then, the policymaker either commits too strongly or refrains from commitment altogether. …
Persistent link: https://www.econbiz.de/10014469588
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The political economy of commitment to policies
Delfgaauw, Josse; Swank, Otto H. - 2023
commitment. We study policymakers' incentives to commit. A policymaker decides on a policy to encourage citizens to make … redistributive concerns to the trade-off between commitment and flexibility. When a majority of citizens invest, redistributive … time-inconsistency problem. Then, the policymaker either commits too strongly or refrains from commitment altogether. …
Persistent link: https://www.econbiz.de/10014369623
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Why do Workers Spend so Much Time on Inferior Tasks?
Swank, Otto H. - In: Journal of Institutional and Theoretical Economics (JITE) 156 (2000) 3, pp. 501-501
This paper explains why agencies sometimes encourage their ablest workers to perform an inferior task. I develop a model in which workers' outputs in terms of the stated goal of the agency are sorrounded with uncertainty. When workers are evaluated on the basis of their contributions to the...
Persistent link: https://www.econbiz.de/10005823338
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Is Transparency to no avail? Committee Decision-making, Pre-meetings, and Credible Deals
Swank, Otto H.; Visser, Bauke - Tinbergen Instituut - 2007
Transparent decision-making processes are widely regarded as a prerequisite for the working of a representative democracy. It facilitates accountability, and citizens may suspect that decisions, if taken behind closed doors, do not promote their interests. Why else the secrecy? We provide a...
Persistent link: https://www.econbiz.de/10011255492
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On the Role of Pre-Determined Rules for HRM Policies
Martinez, Silvia Dominguez; Swank, Otto H. - Tinbergen Instituut - 2011
Using simple game-theoretical models, this paper studies the role of pre-determined rules for HRM policies. We consider a model in which HRM decisions affect employees' self-images and thereby their motivation. We show that in the absence of written rules, managers are too reluctant (1) to...
Persistent link: https://www.econbiz.de/10011255571
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Aggressive Reporting and Probabilistic Auditing in a Principles-Based Environment
Bijkerk, Suzanne H.; Karamychev, Vladimir A.; Swank, Otto H. - Tinbergen Instituut - 2013
We analyze the reporting strategies of firms and the investigation strategies of auditors in an archetype principles-based financial reporting system. To this end, we add a verification stage to a standard cheap-talk game, and apply the resulting game to financial reporting. We show that for a...
Persistent link: https://www.econbiz.de/10011255938
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What to put on and what to keep off the Table? A Politician's Choice of which Issues to address
Sayag, Rei S.; Swank, Otto H. - Tinbergen Instituut - 2012
At the start of their term, politicians often announce which issue they intend to address. To shed light on this agenda setting, we develop a model in which a politician has to decide whether or not to address a public issue. Addressing an issue means that the politician investigates the issue...
Persistent link: https://www.econbiz.de/10011256020
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Policy Makers, Advisors, and Reputation
Wrasai, Phongthorn; Swank, Otto H. - Tinbergen Instituut - 2004
This discussion paper resulted in an article in the 'Journal of Economic Behavior and Organization' (2007). Volume 62, pages 579-590.<P> When hiring an adviser (he), a policy maker (she) often faces the problem that she has incomplete information about his preferences. Some advisers are good, in...</p>
Persistent link: https://www.econbiz.de/10011256246
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Why Are Residents Reluctant to Consult Attending Physicians?
Swank, Otto H. - Tinbergen Instituut - 2009
A physician performs two tasks: making diagnoses and determining treatments. To reduce medical error, residents are supposed to consult their supervisors when they face uncommon circumstances. However, recent research shows that residents are reluctant to do so. This paper presents a model that...
Persistent link: https://www.econbiz.de/10011256385