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. I study the optimal design of contracts, focusing on the organization of expertise in the communication phase. I show … assume that communication allows synergies to emerge among the experts but also opens the possibility of collusion among them … that, from the principal's point of view, when the advantage of synergies prevails over the collusion problem …
Persistent link: https://www.econbiz.de/10008463038
collusion. I study the optimal design of contracts focusing on how to sequence communication of expertise. I show that from a …
Persistent link: https://www.econbiz.de/10010994698
higher profits and lower costs. Some of the benefits business organization seek to achieve through information systems …
Persistent link: https://www.econbiz.de/10008800385
The goal of our study is to examine, how the logic of change management implementation and analysing raster of success factors helps to lay the foundation of building up knowledge management system. We led our research first of all along theoretical basis building upon technical literature. We...
Persistent link: https://www.econbiz.de/10008464314
communication structure. The value of an information system within an organization, therefore, will not be monotone in its …
Persistent link: https://www.econbiz.de/10005130154
Knowledge is central to managing an organization, but its presence in employees is difficult to measure directly. We …
Persistent link: https://www.econbiz.de/10011043059
The text is analyzing the changes occurring by creativity, responsibility and hope. There is a profuse photographic incursion within the concept of humanity and individual the text evidences, emphasizing the contemporary transfer of the sense of responsibility. A world without borders, placed...
Persistent link: https://www.econbiz.de/10005154508
Asymmetric information refers to that uncertainty which arises as a result of co-ordination problems between two agents. This has a limited applicability in the understanding of how businessmen attempt to protect themselves against the possible fluctuation in macro-economic variables and from a...
Persistent link: https://www.econbiz.de/10005698441
According to efficient markets theory, the stock price on a competitive market is the best estimate of the stock’s present value. This is the basic assumption for predictions using experimental markets. The first part of the paper describes the features of such an experimental market,...
Persistent link: https://www.econbiz.de/10005698679
Analyzing a large weekly retail transaction price dataset, we uncover a surprising regularity— small price increases occur more frequently than small price decreases for price changes of up to about 10 cents, while there is no such asymmetry for larger price changes. The asymmetry holds for...
Persistent link: https://www.econbiz.de/10005700618