In this laboratory experiment we study the use of strategic ignorance to delegate real authority within a firm. A worker can gather information on investment projects, while a manager makes the implementation decision. The manager can monitor the worker. This allows her to exploit any information gathered by the worker, but also reduces the worker’s incentives to gather information in the first...

Contingent choice surveys, in which respondents rate or rank alternative scenarios describing potential futures composed of varying levels of several different attributes, can help national park managers by identifying the preferences of visitors and also the nonuse values generated by park attributes. Many alternative combinations of park attributes can be explored efficiently, helping park ma...

This expert consensus statement reviews evidence on the effectiveness of drug and alcohol self-help groups and presents potential implications for clinicians, treatment program managers and policymakers. Because longitudinal studies associate self-help group involvement with reduced substance use, improved psychosocial functioning, and lessened health care costs, there are humane and practical ...

Anecdotal evidence suggests that uncontrolled managers let wages rise above competitive levels. To test this belief, we examine the wage impact of antitakeover legislation passed throughout the 1980s in many states. Since many view hostile takeovers as an important disciplining device, these laws, by reducing takeover threats, potentially raised managerial discretion. If uncontrolled managers p...

Managers at tactical and operational levels in many organizations frequently encounter similar decision problems. Decisions taken by different managers for a given problem in an organization vary due to differences in their decision making styles and/or subjectivity. Discovering classes or categories of decision makers with similar decision making styles can contribute towards organizational le...

In theory, hedging restrictions faced by managers make executive stock options more difficult to value than ordinary options, because they imply that exercise policies of managers depend on their preferences and endowments. Using data on option exercises from 40 firms, this paper shows that a simple extension of the ordinary American option model which introduces random, exogenous exercise and ...

Natural Flood Management (NFM) is now well established as a paradigm for reducing flood risk. It characterised by adopting catchment-wide hydrological perspective and implementing solutions that work with natural processes such wetlands, riparian vegetation river channel rehabilitation. However, despite substantial attention in the science literature growing appreciation NFM among environmental...

Conservation scientists have noted that conservation managers rarely use scientific information when making decisions. One of the reasons why managers rarely use scientific information may be that conservation scientists rarely provide their knowledge in a way that can directly be used by conservation practitioners. Here we show how quantitative recommendations for conservation can be derived. ...

Nurse managers play a critical role in improving the work environment. Important leadership characteristics for nurse managers include visibility, accessibility, communication, recognition, and support. The nurse manager’s recognition behaviors strongly influence the job satisfaction of staff nurses. In our previous study, we investigated how staff nurses perceived the nurse manager’s recogniti...

The constant changes in the preferences of national and international travelers influences the performance of the hotel industry thus creating the need for hotel managers to continue in the search of methods that help to predict the preferences and necessities of the travelers with the objective to obtain improvements in their planning and the development of strategic services. As a solution to...