On the value of relative comparisons in firms

Ramalingam, Abhijit (2014) On the value of relative comparisons in firms. Economics Letters, 124 (3). pp. 446-448. ISSN 0165-1765

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Abstract

In a principal-agent model, we find that firms may not always benefit from the relative concerns of agents if such concerns are heterogeneous. Further, accounting for the influence of the environment on such concerns, profits are reduced relative to the no-comparisons benchmark.

Item Type: Article
Additional Information: © 2014 The Author. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/3.0/).
Uncontrolled Keywords: comparisons,incentives,context-dependence,profits
Faculty \ School: Faculty of Social Sciences > School of Economics
Depositing User: Pure Connector
Date Deposited: 01 Aug 2014 12:14
Last Modified: 21 Mar 2019 11:11
URI: https://ueaeprints.uea.ac.uk/id/eprint/49827
DOI: 10.1016/j.econlet.2014.07.013

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