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Use and Abuse of Authority
Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - 2012
Employment contracts give a principal the authority to decide flexibly which task his agent should execute. However … behavioral forces shape an important transaction cost of integration – the abuse of authority – and by providing an empirical …
Persistent link: https://www.econbiz.de/10010427645
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The intrinsic value of decision rights
Bartling, Björn; Fehr, Ernst; Herz, Holger - 2014
Philosophers, psychologists, and economists have long argued that certain decision rights carry not only instrumental value but may also be valuable for their own sake. The ideas of autonomy, freedom, and liberty derive their intuitive appeal-at least partly-from an assumed positive intrinsic...
Persistent link: https://www.econbiz.de/10011282466
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Let the market decide: An experimental study of competition and fairness
Bartling, Björn; Grieder, Manuel; Zehnder, Christian - 2014
competitive auction to determine the terms of trade than if she uses her authority to dictate the same terms directly. Our results …
Persistent link: https://www.econbiz.de/10011282487
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On the design of public institutions: Evidence from financial supervision
Nitsch, Volker - 2014
This paper studies the allocation of the functions and responsibilities of prudential supervision on public authorities, including the central bank. In particular, it is argued that there are interdependencies in the design of institutions; political decisions on the supervisory structure are...
Persistent link: https://www.econbiz.de/10011803910
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The Intrinsic Value of Decision Rights
Bartling, Björn; Fehr, Ernst; Herz, Holger - 2013
Philosophers, psychologists, and economists have long argued that certain decision rights carry not only instrumental value but may also be valuable for their own sake. The ideas of autonomy, freedom, and liberty derive their intuitive appeal - at least partly - from an assumed positive...
Persistent link: https://www.econbiz.de/10010312870
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Authority and Incentives in Organizations
Kräkel, Matthias - 2013
based on authority rights and minimizing costs for implementing high efforts. Concentrated delegation and hierarchical … cross-authority delegation is the optimal form of full delegation. If, however, the division heads are more efficient than …
Persistent link: https://www.econbiz.de/10010312979
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Exit options and the allocation of authority
Bester, Helmut; Krähmer, Daniel - 2013
We analyze the optimal allocation of authority in an organization whose members have conflicting preferences. One party … has decision-relevant private information, and the party who obtains authority decides in a self-interested way. As a … optimal to assign authority to the informed and not to the uninformed party, irrespective of the parties' conflict of interest …
Persistent link: https://www.econbiz.de/10010313117
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The intrinsic value of decision rights
Bartling, Björn; Fehr, Ernst; Herz, Holger - 2013
Philosophers, psychologists, and economists have long argued that certain decision rights carry not only instrumental value but may also be valuable for their own sake. The ideas of autonomy, freedom, and liberty derive their intuitive appeal - at least partly - from an assumed positive...
Persistent link: https://www.econbiz.de/10010316882
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Use and abuse of authority: A behavioral foundation of the employment relation
Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - 2012
Employment contracts give a principal the authority to decide flexibly which task his agent should execute. However … behavioral forces shape an important transaction cost of integration - the abuse of authority - and by providing an empirical …
Persistent link: https://www.econbiz.de/10010316905
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Use and abuse of authority: A behavioral foundation of the employment relation
Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - 2012
Employment contracts give a principal the authority to decide flexibly which task his agent should execute. However … behavioral forces shape an important transaction cost of integration - the abuse of authority - and by providing an empirical …
Persistent link: https://www.econbiz.de/10010291316