Power in Profit-maximizing Organizations - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Power in Profit-maximizing Organizations write by Julio Rotemberg. This book was released on 1993. Power in Profit-maximizing Organizations available in PDF, EPUB and Kindle.
Power in Pro¿t Maximizing Organizations (Classic Reprint)
Power in Pro¿t Maximizing Organizations (Classic Reprint) - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Power in Pro¿t Maximizing Organizations (Classic Reprint) write by Julio J. Rotemberg. This book was released on 2016-10-29. Power in Pro¿t Maximizing Organizations (Classic Reprint) available in PDF, EPUB and Kindle. Excerpt from Power in Pro t Maximizing Organizations This has two implications. First, individuals who expect to stay at t+ 1 with higher probability are, all else equal, willing to pay more for the right to have decisions made according to their wishes. Thus, even if the firm were just trying to mimic the outcome that would prevail with an auction they would let these individuals have a large say. Second, and more importantly for my purposes, the firm will benefit by implementing the wishes of those employees that it wants to retain with high probability, even if these are not necessarily the employees who are willing to pay the most. The reason is that, by following these individuals' wishes, the firm raises the probability that they will stay in order to collect what amounts to a form of deferred compensation. The motivation for giving in uence to this subset of employees would vanish if the firm could write complete contracts that specify future wage compensation in all states of the world. But, as long as it is not possible to specify future wages in this fashion, the firm may benefit from giving in uence to employees it wants to keep, even if others are willing to pay more. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works."
Formal Authority Versus Power in Profit Maximizing Organizations
Formal Authority Versus Power in Profit Maximizing Organizations - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Formal Authority Versus Power in Profit Maximizing Organizations write by Julio J. Rotemberg. This book was released on 1994. Formal Authority Versus Power in Profit Maximizing Organizations available in PDF, EPUB and Kindle.
Formal Authority Versus Power in Profit Maximizing Organizations
Formal Authority Versus Power in Profit Maximizing Organizations - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Formal Authority Versus Power in Profit Maximizing Organizations write by Julio Rotemberg. This book was released on 2018-03-04. Formal Authority Versus Power in Profit Maximizing Organizations available in PDF, EPUB and Kindle. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Formal Authority Versus Power in Profit Maximizing Organizations (Classic Reprint)
Formal Authority Versus Power in Profit Maximizing Organizations (Classic Reprint) - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Formal Authority Versus Power in Profit Maximizing Organizations (Classic Reprint) write by Julio J. Rotemberg. This book was released on 2015-08-05. Formal Authority Versus Power in Profit Maximizing Organizations (Classic Reprint) available in PDF, EPUB and Kindle. Excerpt from Formal Authority Versus Power in Profit Maximizing Organizations I consider a setup in which the firm generally wishes to follow the wishes of individuals (or groups) with large amounts of specific human capital even if their willingness to pay for decisions is less than that of others. Thus, these individuals have power over decisions. In a situation where costly communication prevents the owner of the firm from knowing the valuations employees attach to all decisions, the owner will give formal authority to one individual (or group). I show that, as long as individuals have the possibility of protesting against decisions they do not like, it may be profit maximizing to give this formal authority to someone other than the powerful individual. The reason is that the threat of formal protests by powerful individuals is more effective as a check on the discretion of the person endowed with formal authority. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
