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Use and abuse of authority: A behavioral foundation of the employment relation
Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - 2013
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/10010291496
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Use and abuse of authority: A behavioral foundation of the employment relation
Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - 2012
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
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Use and abuse of authority: A behavioral foundation of the employment relation
Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - 2012
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/10010316905
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Use and Abuse of Authority
Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - 2012
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/10010333940
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Use and Abuse of Authority
Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - 2012
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/10010427645
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Land and Property Taxation in 25 Countries: A Comparative Review
Bird, Richard M.; Slack, Enid - In: CESifo DICE Report 03 (2005) 3, pp. 34-42
Persistent link: https://www.econbiz.de/10011696557
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Innovative property for innovative land policy: Four normative principles
Davy, Benjamin - In: Raumforschung und Raumordnung / Spatial Research and … 81 (2023) 6, pp. 648-652
, property - particularly if open to innovation - plays a vital role in achieving this balance. This commentary explains four … normative principles that help design innovative property. Since the four principles derive from long-standing ideas about … property in land, the commentary uses a distinctly conservative approach. This approach, however, is quite innovative in the …
Persistent link: https://www.econbiz.de/10014475821
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Interessenvertretung und Arbeitsbeziehungen im Zeitalter der Digitalisierung - ein Überblick
Keller, Berndt - In: Industrielle Beziehungen 27 (2020) 3, pp. 255-285
fortschreitenden Digitalisierung für das duale System der Arbeitsbeziehungen. Nach einleitenden Bemerkungen geht es im ersten Teil um …/Arbeitgeber. Der dritte Teil erfasst die Perspektiven der Arbeitsbeziehungen für die bestehende Wirtschaft ebenso wie für …
Persistent link: https://www.econbiz.de/10013457584
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Malthus vs. Wordsworth: Perspectives on humankind, nature and economy
Becker, Christian; Faber, Malte; Hertel, Kirsten; … - 2004
In this paper the view of humankind and nature upon which the thinking of Malthus is founded will be reflected on and contrasted with the opposed understanding of his contemporary Wordsworth. We show that the economic considerations of both are based decidedly on the premise of these views, and...
Persistent link: https://www.econbiz.de/10011422113
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The Hand Behind the Invisible Hand: Dogmatic and Pragmatic Views on Free Markets and the State of Economic Theory
Mittermaier, Karl - 2020
Using Adam Smith's notion of an 'invisible hand', this extraordinary contribution identifies dogmatic versus pragmatic views of free markets. Published posthumously, with new contributions by Rod O'Donnell, Daniel B. Klein and Christopher Torr, this book outlines Mittermaier's main thesis and...
Persistent link: https://www.econbiz.de/10014321720