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To control, evaluate, and motivate their agents, firms employ supervisors. As shown by empirical investigations, biased … affects agency relationships. We consider a three-level firm where a supervisor is in charge of producing a verifiable report …
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Because costly punishment is not credible, subgame perfection suggests that punishment will not deter free riding, regardless of the size or structure of groups. However, experiments show that people will punish free riders, even at considerable cost. To examine the implications of agents who...
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Because costly punishment is not credible, subgame perfection suggests that punishment will not deter free riding, regardless of the size or structure of groups. However, experiments show that people will punish free riders, even at considerable cost. To examine the implications of agents who...
Persistent link: https://www.econbiz.de/10013320792
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