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Schlicht, Ekkehart - 2008

Internal organization relies heavily on psychological consistency requirements. This perspective has been emphasized in modern compensation theory, but has not been extended to organization theory. The idea is developed by starting from Williamson's discussion of idiosyncratic exchange. The...

Persistent link: https://www.econbiz.de/10010427523

Entitlements and Loyalty in Groups: An Experimental Study

Paetzel, Fabian; Sausgruber, Rupert - 2017

We study loyalty in groups that are exogenously assigned based on members' performances in a task. We observe that in-group bias is strong and significant among subjects who score high in performance, and that it is weak and insignificant among those who score low. This asymmetric pattern is...

Persistent link: https://www.econbiz.de/10011712737

Engineering Crises: Favoritism and Strategic Fiscal Indiscipline

Saint-Paul, Gilles; Ticchi, Davide; Vindigni, Andrea - 2017

If people understand that some macroeconomic policies are unsustainable, why would they vote for them in the first place? We develop a political economy theory of the endogenous emergence of fiscal crises, based on the idea that the adjustment mechanism to a crisis favors some social groups,...

Persistent link: https://www.econbiz.de/10011744963

The Political Economy of Entitlement

Super, David A. - 2004

Debates over “entitlements” have lacked conceptual clarity because the term has at least six analytically distinct … meanings. The psychological “entitlements” that many attack are distinct from the legalistic “entitlements” that others … champion. Most importantly, however, entitlements are economic concepts. A benefit provided to all claimants meeting state …

Persistent link: https://www.econbiz.de/10009432046