Arbeitspapier

The (de)composition of firms: interdependent preferences of corporate actors

This article discusses the limitations of the orthodox economic theory of the firm as a nexus of contracts. Various experimental studies have shown that the aggregation of individuals in groups changes behavior and preferences systematically. This perspective has been formalized by models of interdependent preferences. Based on a prominent approach of interdependent preferences, intention-based preferences, two types of labor contracts, incentive contracts and bonus contracts, are analyzed. Results are compared with the predictions of the orthodox economic theory.

Sprache
Englisch

Erschienen in
Series: Preprints of the Max Planck Institute for Research on Collective Goods ; No. 2007,21

Klassifikation
Wirtschaft
Firm Behavior: Theory
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Transactional Relationships; Contracts and Reputation; Networks
Thema
Firms
interdependent preferences
labor contracts
Theorie der Unternehmung
Arbeitsvertrag
Nutzen
Theorie

Ereignis
Geistige Schöpfung
(wer)
Nicklisch, Andreas
Ereignis
Veröffentlichung
(wer)
Max Planck Institute for Research on Collective Goods
(wo)
Bonn
(wann)
2007

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Nicklisch, Andreas
  • Max Planck Institute for Research on Collective Goods

Entstanden

  • 2007

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