Showing 1 - 10 of 650,281
question by recent work that shows that, under the standard infinitely repeated game model of reputation, reputational … circumstances, in a finite-horizon model of reputation. Reputational economies of scale help explain why law and accounting firms …
Persistent link: https://www.econbiz.de/10014114954
Persistent link: https://www.econbiz.de/10014388732
Persistent link: https://www.econbiz.de/10014388786
Persistent link: https://www.econbiz.de/10011508203
interest in reputation. The bijection between defamation and reputation is typically thought of as perfect: defamation only … protects reputation, while reputation is only protected by defamation. This article shows, however, that neither limb of the … of negligence could not prima facie extend the scope of its protection to reputation. It might seem that the fact that …
Persistent link: https://www.econbiz.de/10013066653
Persistent link: https://www.econbiz.de/10012011941
This article develops a new rationale for the emergence of pay-for-performance contracts where the labor market is competitive, workers are risk averse, and firms are risk neutral and unaware of workers' productivities. The article shows that the prevalence of pay for performance rises and the...
Persistent link: https://www.econbiz.de/10013150889
In this paper, we introduce the psychological concept of anxiety into the standard linear agency model. After replacing the agent's risk premium with anxiety, we show that the agent's optimal effort can conform to the inverted-U hypothesis, which states that an increase in anxiety improves...
Persistent link: https://www.econbiz.de/10014026659
Persistent link: https://www.econbiz.de/10012061275
This study models producer protection legislation that would grant growers the right to claim damages (PPLD) if their contracts are prematurely terminated. In the absence of contracting frictions that prevent contractors from redesigning contracts to accommodate exogenous policy changes, PPLD...
Persistent link: https://www.econbiz.de/10003894440