This paper studies how social relationships between managers and employees affect relational incentive contracts. To this end we develop a simple dynamic principal-agent model where both players may have feelings of altruism or spite toward each other. The contract may contain two types of...

Using case studies drawn from the authors' own and others' research, this working paper describes and compares some of the ways land conflicts reflected, intensified or reshaped struggles over authority within and between families, local communities, institutions and states in post-colonial...

Ausgangspunkt dieses Beitrags ist die Abgrenzung des Phänomens der residentiellen Multilokalität von anderen Formen der Mehrörtigkeit. Diese soziale Praxis, welche die Verfügbarkeit von zwei oder mehr Behausungen voraussetzt, bedingt eine spezifische Lebensweise. Als Bezeichnung des...

Der Beitrag widmet sich den Sozialstrukturen und sozialen Beziehungen in Kleinstädten: Es werden die zentralen Begrifflichkeiten geklärt, ein Überblick über den bisherigen Forschungsstand gegeben sowie offene Fragen für die Kleinstadtforschung benannt. Der Beitrag zeigt auf, dass...

This paper studies how social relationships between managers and employees affect relational incentive contracts. To this end we develop a simple dynamic principal-agent model where both players may have feelings of altruism or spite toward each other. The contract may contain two types of...

The important role of friends, neighbors and colleagues in shaping individual choices has been brought out in a number of studies over the years. The presence of significant 'local' influence in shaping individual behavior suggests that firms, governments and developmental agencies should...

Face-to-face interactions are a crucial part of services. However, research that investigates the dynamics of service encounters is still rare. In this study we used a theoretical framework that aligned the concept of interpersonal complementarity with Mehrabian and Russell's (1974)...

We test potential social costs of educational inequality by analysing the influence of spatial and social segregation on educational achievements. In particular, based on recent PISA data sets from the UK and Germany, we investigate whether good neighbourhoods with a relatively high stock of...

We use weekly survey data on short-term and medium-term sentiment of German investors to estimate the parameters of a stochastic model of opinion dynamics. The bivariate nature of our data set also allows us to explore the interaction between the two hypothesized opinion formation processes,...

This paper uses data from the British National Child Development Study to investigate the relationship between social interaction and participation in the stock market through holding stocks and/or shares at the individual level. In accordance with the existing literature, the results reveal...