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The gatekeeper's dilemma : political selection or team effort
Fiva, Jon H.; Izzo, Federica; Tukiainen, Janne - 2024
Political parties play a crucial gatekeeping role in elections, including controlling electoral resources, candidate recruitment, and electoral list compositions. In making these strategic choices, parties aim to encourage candidates to invest in the campaign, while also trying to secure...
Persistent link: https://www.econbiz.de/10014465029
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Becker meets Ricardo : multisector matching with social and cognitive skills
McCann, Robert J.; Shi, Xianwen; Siow, Aloysius; … - 2012
individuals have heterogeneous social and cognitive skills. In the model, there are gains to specialization and team production …, but specialization requires communication and coordination between team members, and individuals with more social skills …
Persistent link: https://www.econbiz.de/10009537710
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Long-run negotiations with dynamic accumulation
Flamini, Francesca (contributor) - 2007
Persistent link: https://www.econbiz.de/10003519898
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Moral hazard and bargaining over incentive contracts
Dittrich, Marcus; Städter, Silvio - 2014
This paper analyses bargaining over an incentive compatible contract in a moral hazard framework. We introduce the Kalai-Smorodinsky bargaining solution and compare the outcome with the commonly applied Nash solution. Whether worker's effort is higher in the Nash or the Kalai-Smorodinsky...
Persistent link: https://www.econbiz.de/10010388771
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The intensity of incentives in firms and markets : moral hazard with envious agents
Bartling, Björn; Siemens, Ferdinand von - 2006
While most market transactions are subject to strong incentives, transactions within firms are often not incentivized. We offer an explanation for this observation based on envy among agents in an otherwise standard moral hazard model with multiple agents. Envious agents suffer if other agents...
Persistent link: https://www.econbiz.de/10003368128
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The intensity of incentives in firms and markets : moral hazard with envious agents
Bartling, Björn; Siemens, Ferdinand von - 2006
While most market transactions are subject to strong incentives, transactions within Firms are often not incentivized. We offer an explanation for this observation based on envy among agents in an otherwise standard moral hazard model with multiple agents. Envious agents suffer if other agents...
Persistent link: https://www.econbiz.de/10010343950
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General equilibrium with contracts
Kwon, Suehyun - 2016
This paper studies general equilibrium when workers in the economy are also consumers of final goods. Once a firm and a worker are matched, there is a standard moral hazard problem. However, the firm's profit depends on the price of the good the worker produces, and the price is determined by...
Persistent link: https://www.econbiz.de/10011580675
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Limited liability and the risk-incentive relationship
Budde, Jörg; Kräkel, Matthias - 2008
Several empirical findings have challenged the traditional view on the trade-off between risk and incentives. By combining risk aversion and limited liability in a standard principal-agent model the empirical puzzle on the positive relationship between risk and incentives can be explained....
Persistent link: https://www.econbiz.de/10010383018
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Fear of being left alone drives inefficient exit from partnerships : an experiment
Crosetto, Paolo; Gaudeul, Alexia; Riener, Gerhard - 2014
We explore in an experiment what leads to the breakdown of partnerships. Subjects are assigned a partner and participate in a repeated public good game with stochastic outcomes. They can choose each period between staying in the public project or working on their own. There is excessive exit as...
Persistent link: https://www.econbiz.de/10010340746
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How to share it out : the value of information in teams
Gershkov, Alex; Li, Jianpei; Schweinzer, Paul - 2014
We study the role of information exchange, leadership and coordination in team or partnership structures. For this … purpose, we view individuals jointly engaging in productive processes-a "team"-as endowed with individual and privately held … information on the joint production process. Once individual information is shared, team members decide individually on the effort …
Persistent link: https://www.econbiz.de/10010405163