タイトル(掲載誌)Institute of Social and Economic Research Discussion Papers
一般注記We explore why authority within firms helps trading parties immediately settle ex post adaptation problems despite the possibility of a subordinate’s disobedience to the orders of his boss. By employing three crucial behavioral assumptions (reference-dependent preference, self-serving bias, and shading), we point out that the choice of governance structure affects trading parties’ expectations about outcome of ex post adaptations and show that a subordinate is likely to obey orders of his boss because he is expected to do so. Nevertheless, our study also points out that such a positive aspect of authority comes with subordinate’s psychological disutility.
連携機関・データベース国立情報学研究所 : 学術機関リポジトリデータベース(IRDB)(機関リポジトリ)