haku: @author Calvó-Armengol, A. / yhteensä: 4
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| Tekijä: | Cabrales, A. Calvó-Armengol, A. |
| Otsikko: | Corporate downsizing to rebuild team spirit: how costly voting can foster cooperation |
| Lehti: | Journal of the European Economic Association
2007 : SEP, VOL. 5:5, p. 1016-1042 |
| Asiasana: | co-operation voting |
| Vapaa asiasana: | downsizing |
| Kieli: | eng |
| Tiivistelmä: | A new mechanism to achieve coordination through voting is proposed, and a number of real-life applications are discussed for it. Among them, the mechanism provides for a new theory for downsizing in organisations. A crisis may lead to a decrease in the willingness to cooperate in an organization, and therefore to a bad equilibrium. A consensual downsizing episode may signal credibly that survivors are willing to cooperate, and thus, it may be optimal and efficiency-enhancing (for the individuals remaining in the organization), as the empirical evidence suggests. |
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