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Commitment in the workplace: toward a general model

✍ Scribed by John P Meyer; Lynne Herscovitch

Book ID
114342780
Publisher
Elsevier Science
Year
2001
Tongue
English
Weight
202 KB
Volume
11
Category
Article
ISSN
1053-4822

No coin nor oath required. For personal study only.

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The durability of economic relationships, such as employment or family relationships, is influenced by agents' willingness to "commit" by making match-specific investments or arrangements. This paper shows that many properties of optimal decisions and comparative statics in such models are quite rob