Empirical Research of the Cost Stickiness Behavior under Opportunism Incentives
نویسندگان
چکیده
منابع مشابه
Price Stickiness: Empirical Evidence of the Menu Cost Channel
A leading explanation in the economic literature is that monetary policy has real effects on the economy because firms incur a cost when changing prices. Using a unique database of cost and retail price changes, we find that variation in menu costs results in up to 13.3% fewer price increases. We confirm that these effects are allocative and have a persistent impact on both prices and unit sale...
متن کاملThe Cost of Incentives under Disagreement
This paper identifies a new cost of pay-for-performance incentives when principal and agent may disagree on the optimal course of action. In particular, pay-for-performance gives the agent a reason to disobey the principal, and thus act against his principal’s interests, when the two of them disagree. In other words, high-powered incentives may decrease the agent’s ‘zone of acceptance’ (Simon 1...
متن کاملCost Stickiness: Value Creating or Value Destroying (The Iranian Experience)
This research reviews and tests two contradicting notions in cost stickiness literature by empirical recognition of the consequences of cost stickiness. Cost stickiness is consistent with both rational resource planning and opportunistic incentives of manager to increase personal benefits arising from status and power. Although both mechanisms involve asymmetric retention of slack, some of the ...
متن کاملIncentives and opportunism: from the carrot to the stick.
Cooperation in public good games is greatly promoted by positive and negative incentives. In this paper, we use evolutionary game dynamics to study the evolution of opportunism (the readiness to be swayed by incentives) and the evolution of trust (the propensity to cooperate in the absence of information on the co-players). If both positive and negative incentives are available, evolution leads...
متن کاملCost Stickiness and Banks Credit Risk
The credit risk in banks is a function of the profitability and quality of bank assets. Moreover, cost stickiness also affects the quality of assets and profitability of banks. To achieve the research aims, is to explore relationship between cost stickiness and banks credit risk were tested and analyzed is based on pooling data from 21 banks in duration 2012-2019. The findings show that there i...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Information Technology Journal
سال: 2013
ISSN: 1812-5638
DOI: 10.3923/itj.2013.5281.5285