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Time constraints, managerial power, and reputational concerns can impede board communication. This paper develops a model where board decisions depend on directors' effort in communicating their information to others. I show that directors communicate more effectively when pressure for...
Persistent link: https://www.econbiz.de/10009506636
committee share a common information set, but differ in ideological bias while processing multiple information sources and in …. There is also evidence that MPC members differ more in their tastes for multiple objectives than in ideological bias …
Persistent link: https://www.econbiz.de/10013074501
Initiating a conflict is an investment in social, political or economic change. The decision to attack is sequential in … disregarded in conflict theory. In this dynamic model of decision making we focus on the time dimension of an escalating conflict … oppressive government actions may lead to an earlier outbreak of conflict. However, even if latent conflicts are not immediately …
Persistent link: https://www.econbiz.de/10009664935
The large number of names on terrorism watch lists raises the problem of monitoring. Given the existing resource constraints and other logistical considerations, efficient and accurate ranking of individuals in terms of threat posed is of paramount importance. This process, however, may be...
Persistent link: https://www.econbiz.de/10014033797
Persistent link: https://www.econbiz.de/10010228403
The sinking of the Titanic in April 1912 took the lives of 68 percent of the people aboard. Who survived? It was women and children who had a higher probability of being saved, not men. Likewise, people traveling in first class had a better chance of survival than those in second and third...
Persistent link: https://www.econbiz.de/10003808139
This essay deals with the notion and content of freedom of choice proposing a new set up and a new family of measures for this concept which is, indeed, an ethical value of paramount importance in a well ordered and open society. Following some ideas of John StuartMill, we propose that freedom...
Persistent link: https://www.econbiz.de/10009506417
Power is a core concept in the analysis and design of organisations. In this paper we consider positional power in hierarchies. One of the problems with the extant literature on positional power in hierarchies is that it is mainly restricted to the analysis of power in terms of the bare...
Persistent link: https://www.econbiz.de/10011372509
Power is a core concept in the analysis and design of organizations. One of the problems with the extant literature on positional power in hierarchies is that it is mainly restricted to the analysis of power in terms of the bare positions of the actors. While such an analysis informs us about...
Persistent link: https://www.econbiz.de/10011377381
Most monetary policy committees decide on interest rates using a simple majority voting rule. Given the inherent heterogeneity of committee members, this voting rule is suboptimal in terms of the quality of the interest rate decision, but popular for other (political) reasons. We show that a...
Persistent link: https://www.econbiz.de/10011342577