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-specific budgets depends on the combination of a demand for commitment and the demand for flexibility resulting from uncertainty about … with minimum-savings rules (another widely-studied form of commitment), and how budgeting depends on the intensity of self …
Persistent link: https://www.econbiz.de/10012020300
We often use delegation as a commitment device if a government faces problems of timeinconsistency. McCallum (1995, AER … P&P) challenged this practice, claiming that delegation merely relocates the commitment problem but does not solve it …. In a model where delegation and specific policies are subject to the same commitment technology it is shown that McCallum …
Persistent link: https://www.econbiz.de/10005200597
We explore the role of firms in insuring non-verifiable output. As a device that allows workers to commit to the delivery of their output, the firm arises endogenously as an alternative to the market if workers are sufficiently risk averse and the firm can base its incentive payments on good...
Persistent link: https://www.econbiz.de/10005144574
We propose an extended principal-agent model considering employee commitment and describe how to motivate committed … are some interesting insights into the characteristic of optimal contracts: First, commitment is an effective motivator …, undifferentiated pay is sufficient in incentivizing committed agent to implement high effort in some cases. Second, commitment and wage …
Persistent link: https://www.econbiz.de/10009395486
Econometrica paper (henceforth AWA), in which individuals face the trade-off between flexibility and commitment, we show that …
Persistent link: https://www.econbiz.de/10010834075
The study examines the level of perception/experience of organization spirituality in terms of Commitment to, Awareness … and transformation model to enhance the levels of Commitment, Awareness, Readiness and Engagement for long term … terms of Commitment, Awareness, Readiness and Engagement depending on the context of their role and function in the …
Persistent link: https://www.econbiz.de/10009204911
arising from this paper, beyond the author's analysis on Commitment, Awareness, Readiness and Engagement generated through …
Persistent link: https://www.econbiz.de/10009204912
enforceable. Barriers to business start-up lower the competition for knowledge capital and, in absence of commitment, reduce the …
Persistent link: https://www.econbiz.de/10005704976
die Bindungswirkung solcher Praktika unter Rueckgriff auf das psychologische Konstrukt „affektives Commitment“ untersucht … Integration der Praktikanten in den Arbeitsprozess eine Schluesselvariable fuer das Commitment der Praktikanten zur … beschaeftigenden Organisation darstellt. Commitment weist bedeutsame Zusammenhaenge mit der Praktikumszufriedenheit auf und leistet …
Persistent link: https://www.econbiz.de/10005771422
¡°government-bank-firm¡±, we show that the government¡¯s non-commitment and banking bailout cause inefficiency in the contact … relationship. Moreover, after introducing collusion possibility, non-commitment of the government increases the stakes, or bribes … other equilibrium where she sticks to her commitment and excludes collusion from the contract relationship. Here, collusion …
Persistent link: https://www.econbiz.de/10005134539