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Organizations design their communication structures to improve decision-making while limiting wasteful influence …
Persistent link: https://www.econbiz.de/10013470530
This paper offers an explanation why a principal may demand too much paperwork from a subordinate: Due to limited liability and moral hazard a principal is unable to appropriate all rents. Internal paperwork allows a more accurate monitoring of the agent and enables the principal to appropriate...
Persistent link: https://www.econbiz.de/10010370531
Organizations design their communication structures to improve decision-making while limiting wasteful influence …
Persistent link: https://www.econbiz.de/10013463790
We study the design of a sequence of two contests between a pair of identical risk averse employees whose effort choices are private information. It is optimal for the organization to `bias' the second contest in favor of the early winner - the reduction in second-period incentives is outweighed...
Persistent link: https://www.econbiz.de/10005667058
equilibrium play due to sorting under signaling, compared to screening, is predicted and confirmed experimentally. …Similar to Kübler et al. (2008, GEB 64, p. 219-236), we compare sorting in games with asymmetric incomplete information … capture the structural difference of screening and signaling only via their payoff specification. The experiment thus relies …
Persistent link: https://www.econbiz.de/10010323905
detrimental to firms. In addition, CfCA exacerbates the existing distortion in sorting of high-ability workers to firms: too many …-types' sorting improves when CfCA is low and remains the same when it is high. …
Persistent link: https://www.econbiz.de/10012882431
detrimental to firms. In addition, CfCA exacerbates the existing distortion in sorting of high-ability workers to firms: too many …-types' sorting improves when CfCA is low and remains the same when it is high. …
Persistent link: https://www.econbiz.de/10012698649
equilibrium play due to sorting under signaling, compared to screening, is predicted and confirmed experimentally. …Similar to Kübler et al. (2008, GEB 64, p. 219-236), we compare sorting in games with asymmetric incomplete information … capture the structural difference of screening and signaling only via their payoff specification. The experiment thus relies …
Persistent link: https://www.econbiz.de/10010884481
the implications of this model in the presence of heterogeneity in agencies’ quality. In a stylized screening model, we …-level data, and show that the necessary condition for separation is met and that there is strong separation and sorting on …
Persistent link: https://www.econbiz.de/10005058803
meeting by one buyer reduces another buyer's meeting probability. Under price posting buyers reveal their type by sorting ex …
Persistent link: https://www.econbiz.de/10010745309