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On discrimination in the optimal management of teams
López-Pintado, Dunia; Moreno-Ternero, Juan D. - In: Journal of mathematical economics 51 (2014), pp. 154-162
Persistent link: https://www.econbiz.de/10010479142
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A new solution for the moral hazard problem in team production
Guillén, Pablo; Merrett, Danielle; Slonim, Robert - In: Management science : journal of the Institute for … 61 (2015) 7, pp. 1514-1530
Persistent link: https://www.econbiz.de/10011304127
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Efficient inequity-averse teams
Li, Jianpei - 2007
This paper analyzes the efficiency of team production when agents exhibit other regarding preferences. It is shown that … full efficiency can be sustained as an equilibrium through a budget-balancing mechanism that punishes some randomly chosen …
Persistent link: https://www.econbiz.de/10010343934
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Profit sharing and incentives
Ozdenoren, Emre; Rubanov, Oleg - In: International journal of industrial organization 83 (2022), pp. 1-25
Persistent link: https://www.econbiz.de/10013411050
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Merger efficiency and managerial incentives
Kräkel, Matthias; Müller, Daniel - 2013
We consider a two-stage principal-agent model with limited liability in which a CEO is employed as agent to gather information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that the CEO systematically recommends targets with low...
Persistent link: https://www.econbiz.de/10010198514
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The lemon market of insolvency proceedings in Spain in the new normal : information, asymmetry, and adverse selection problems
Olabarrieta, Unai; San-Jose, Leire; Araujo, Andrés - In: Cogent business & management 10 (2023) 3, pp. 1-16
framework for corporate insolvency resolution are constantly changing to enhance the efficiency of such mechanisms. This pursuit … contrasts with the lack of specific efficiency data available to both legislators and researchers, there are no solid statistics … to investigate the phenomenon from the perspective of its efficiency, which makes it impossible in practice to …
Persistent link: https://www.econbiz.de/10014505998
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Merger efficiency and managerial incentives
Kräkel, Matthias; Müller, Daniel - In: International journal of industrial organization 41 (2015), pp. 51-63
Persistent link: https://www.econbiz.de/10011487505
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Efficient Moral Hazard
Gifford, Sharon - 2001
This paper presents an infinite-horizon, discounted dynamic programming model of the endogenous opportunity costs of an agent's effort that is allocated among an endogenous number of principals. An agent allocates effort between evaluating new principals and attending to current principals....
Persistent link: https://www.econbiz.de/10014195604
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A principal-agent approach for estimating firm efficiency : revealing bank managerial behavior
Kutlu, Levent; Mamatzakis, Emmanuel C.; Tsionas, … - In: Journal of international financial markets, … 79 (2022), pp. 1-21
Persistent link: https://www.econbiz.de/10013358782
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Team incentives and leadership
Drouvelis, Michalis; Nosenzo, Daniele; Sefton, Martin - 2015
We study, experimentally, how two alternative incentive mechanisms affect team performance, and how a team chooses between alternative mechanisms. We study a group incentive mechanism, where team output is shared equally among team members, and a hierarchical mechanism team output is allocated...
Persistent link: https://www.econbiz.de/10010515808