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In this paper, foreign aid transfers can distort individual incentives, and hence hurt growth, by encouraging rent …
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This paper examines the internal and external pressures and incentives that affect the decision to pursue capital …
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How does organizational higher purpose affect employee behavior and firm output? We develop an optimal-contracting model which shows that pursuing organizational higher purpose dissipates agency frictions, lowers wage costs and elicits higher employee effort. The effect on profits, however,...
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