This article explicates the logic of decision-making among raika shepherds in western India to set the stage for a simple principal-agent model that I deploy to analyze leader-led relations among the raikas. Using detailed information on strategies followed by the shepherds to control their...

Trust allows financial transactions to take place when contracts are incomplete and the cost of negotiating too great for the parties involved. Banking covers many different types of transactions in assets with different levels of incomplete contracts. Investment banks have traditionally dealt...

The debate about the amalgamation of local government units stems from the fact that their political borders (the institutional territory) do no longer coincide with the functional territory required for an efficient provision of most local public services. And both do not correspond with the...

We find UK investors and entrepreneurs are significantly concordant in rankings of investments and key factors for risk but significantly discordant on risk classes. Investors emphasise agency risk (e.g., motivation, empowerment, alignment), and entrepreneurs emphasise business risk (e.g.,...

Compliance with medication regimens among patients with chronic conditions in the U.S. and other developed countries averages only 50%. Numerous studies have attributed poor compliance to physicians’ failure to exhibit sufficient empathy with patients’ problems. Can financial incentives help...

Le vol en interne - les vols commis par les employés sur leur lieu de travail - représente une masse considérable de délits. La littérature économique et de management n'analyse le vol en interne que pour se demander comment le réduire ; la littérature sociologique en fait un acte de...

Chile's Colchagua Valley is both a geographical cluster of wineries and a dynamic learning network of wine-making professionals. A principal-agent problem arises in that the latter knowledge network is frowned upon by owners and top managers. Whereas experts aim at maximising quality, firms are...