Showing 1 - 10 of 328
We theoretically and experimentally analyze the role of verifiability and privacy in strategic performance feedback using a “one principal-two agent” context with real effort. We confirm the theoretical prediction that information transmission occurs only in verifiable feedbackmechanisms and...
Persistent link: https://www.econbiz.de/10011389425
FeedbackWe theoretically and experimentally analyze public and private feedback in teams that are characterized by different performance technologies. We consider a setting where the principal can provide truthful information on agents’ performances or strategically withhold feedback. We find...
Persistent link: https://www.econbiz.de/10011737852
We study relational contracting and renegotiation in environments with external enforcement of long-term contractual arrangements. An external, long-term contract governs the stage games the contracting parties will play in the future (depending on verifiable stage-game outcomes) until they...
Persistent link: https://www.econbiz.de/10014033653
The literatures on bounded and ecological rationality are built on adaptationism—and its associated modular, cognitivist and computational paradigm—that does not address or explain the evolutionary origins of rationality. We argue that the adaptive mechanisms of evolution are not sufficient...
Persistent link: https://www.econbiz.de/10013295544
We ran a field experiment to investigate whether individual performance in teams depends on the gender of the leader. About 430 students from an Italian University took an intermediate exam that was partly evaluated on the basis of teamwork. Students were randomly matched in teams of three and...
Persistent link: https://www.econbiz.de/10014078391
This paper studies the role of autonomy and reciprocity in explaining control averse responses in principal-agents interactions. While most of the social psychology literature emphasizes the role of autonomy, recent economic research has provided an alternative explanation based on reciprocity....
Persistent link: https://www.econbiz.de/10011308435
Blockchain technology is firmly established in the public awareness as a revolutionary new technology underpinning cryptocurrency. However, its potential applications can be found across sectors and industries in providing a novel way of producing coordination necessary to transact online,...
Persistent link: https://www.econbiz.de/10012859083
Blockchain technology is firmly established in the public awareness as a revolutionary new technology underpinning cryptocurrency. However, its potential applications can be found across sectors and industries in providing a novel way of producing coordination necessary to transact online,...
Persistent link: https://www.econbiz.de/10012214932
Outsourcing decisions by organizations have strategic and operational implications. Strategically, understanding the market and competition is necessary to make effective outsourcing decisions. In this paper we recognize this concern and model the situation where an organization with quality and...
Persistent link: https://www.econbiz.de/10012724503
We consider an incomplete contracting model in which the decision process consists of the project choice and execution effort. Each party has an imperfectly informative private signal on the promising project and successful execution requires the agent's effort. Revelation of the principal's...
Persistent link: https://www.econbiz.de/10012833104