کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
884273 912381 2009 12 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The appeals process in principal–agent relationships
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
The appeals process in principal–agent relationships
چکیده انگلیسی

The appeals process is employed in many organizations including administrative agencies, regulatory authorities, sports organizations, and private companies. This paper examines the dual role of the appeals process in enhancing fairness and inducing performance in principal–agent relationships in the presence of imperfect performance evaluation. Some surprising results emerge. For example, the merit of the appeals process depends on the agent’s aversion to unfairness, and appeals may be optimally denied even if the appeals process is more accurate than the initial evaluation and is costless. An increase in the accuracy of the initial evaluation may reduce the principal’s welfare. Furthermore, the principal’s welfare can increase as the cost of the appeals process increases.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 71, Issue 2, August 2009, Pages 451–462
نویسندگان
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