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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 novel element in the literature on decision rights, we...
Persistent link: https://www.econbiz.de/10009752337
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Handing out guns at a knife fight : behavioral limitations of subgame-perfect implementation
Fehr, Ernst; Powell, Michael; Wilkening, Tom - 2014
The assumption that payoff-relevant information is observable but not verifiable is important for many core results in contract, organizational and institutional economics. However, subgame-perfect implementation (SPI) mechanisms - which are based on off-equilibrium arbitration clauses that...
Persistent link: https://www.econbiz.de/10010398756
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Handing out guns at a knife fight : behavioral limitations of subgame-perfect implementation
Fehr, Ernst; Powell, Michael; Wilkening, Tom - 2014
The assumption that payoff-relevant information is observable but not verifiable is important for many core results in contract, organizational and institutional economics. However, subgame-perfect implementation (SPI) mechanisms - which are based on off-equilibrium arbitration clauses that...
Persistent link: https://www.econbiz.de/10010399065
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Handing out guns at a knife fight : behavioral limitations of subgame-perfect implementation
Fehr, Ernst; Powell, Michael; Wilkening, Tom - 2014
The assumption that payoff-relevant information is observable but not verifiable is important for many core results in contract, organizational and institutional economics. However, subgame-perfect implementation (SPI) mechanisms - which are based on off- equilibrium arbitration clauses that...
Persistent link: https://www.econbiz.de/10010402672
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The role of bounded rationality and imperfect information in subgame perfect implementation : an empirical investigation
Aghion, Philippe; Fehr, Ernst; Holden, Richard T.; … - 2015
mechanism should - in theory - provide incentives for truth-telling, many buyers in fact believe that they can increase their …
Persistent link: https://www.econbiz.de/10010502711
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The role of bounded rationality and imperfect information in subgame perfect implementation : an empirical investigation
Aghion, Philippe; Fehr, Ernst; Holden, Richard T.; … - 2015
mechanism should - in theory - provide incentives for truth-telling, many buyers in fact believe that they can increase their …
Persistent link: https://www.econbiz.de/10010506318
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The role of bounded rationality and imperfect information in subgame perfect implementation : an empirical investigation
Aghion, Philippe; Fehr, Ernst; Holden, Richard T.; … - 2015
mechanism should - in theory - provide incentives for truth-telling, many buyers in fact believe that they can increase their …
Persistent link: https://www.econbiz.de/10010510004
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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 novel element in the literature on decision rights, we...
Persistent link: https://www.econbiz.de/10009781380
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Multinational firms' organisational dynamics : competition intensity and the ownership decision under uncertainty
Navarro, Leandro Gastón - 2021
increasing offshoring activity increases competition in the final goods market, leading to a progressive vertical disintegration … of the supply chains. Initially, the firms that decide to explore offshoring potential choose integration. As competition … fully domestic supply chains, the increasing competition promotes a sequential disintegration of the domestic intermediate …
Persistent link: https://www.econbiz.de/10013332242
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Incomplete Contracts, Market Competition and Investment Decisions
Nicita, Antonio - 2000
assume exogenous outside options--might be reversed. First, according to the degree of ex-post market competition induced by …'s post-contractual opportunism. The resulting complex institutional context, coined as cross competition, provides an …' rigidity so as to transform multilateral market cross competition into a network of bilateral cross competition relationships …
Persistent link: https://www.econbiz.de/10014164052