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From:Economic Theory (Vol. 72, Issue 4) Peer-ReviewedA general setup is considered where quasi-hyperbolic discounting agents differ in assuming heterogeneous bias for the present as well as heterogeneous discounting parameters, consumptions being, moreover, subject to a...
From:Economic Theory (Vol. 72, Issue 4) Peer-ReviewedThe organizational behavior literature refers to persistent interaction patterns among members of an organization with distributed knowledge as organizational routines. To formalize this concept, as well as intuitions...
From:Economic Theory (Vol. 72, Issue 4) Peer-ReviewedA reputation of competence in solving a particular problem is useful only if the problem remains in the future. Hence, there is an incentive to keep the "enemy" alive: An agent may do wrong in his or her job precisely...
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