Job Assignments under Moral Hazard: The Peter Principle Revisited
We show that inefficient job assignments arise in organizations even if there is full information about employees’ types and complete contracts are possible. Our model also provides a new perspective on the Peter Principle: the output of an employee who is promoted into a job for which he is not wel...
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| Volume: | 21 |
|---|---|
| Main Author: |
Koch, Alexander K
Nafziger, Julia |
| Format: | Journal Article |
| Language: | English |
| Zielgruppe: |
Academic |
| Place of publication: |
Malden, USA Blackwell Publishing Inc Winter 2012 WILEY-BLACKWELL Wiley Subscription Services, Inc |
| published in: | Journal of economics & management strategy Vol. 21; no. 4; pp. 1029 - 1059 |
| ORCID: |
0000-0001-9471-1636 |
| Data of publication: | Winter 2012 |
| ISSN: |
1058-6407 1530-9134 |
| EISSN: |
1530-9134 |
| Discipline: | Economics Business |
| Bibliography: |
We thank Mathias Dewatripont, Guido Friebel, Paul Heidhues, Ian Jewitt, Thomas Kittsteiner, Matthias Kräkel, Johan Lagerlöf, Meg Meyer, David Myatt, Urs Schweizer, John Sutton and two anonymous referees for helpful comments. Nafziger is grateful to Nuffield College, University of Oxford for its kind hospitality. |
| Subjects: | |
| Online Access: |
Fulltext |
| Database: | Social Sciences Citation Index Web of Science - Social Sciences Citation Index - 2012 Web of Knowledge Web of Science CrossRef Academic OneFile (A&I only) Database information Databases - DBIS |