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Essays On Industrial Organization And Environmental Economics, Cristina Marie Reiser
Essays On Industrial Organization And Environmental Economics, Cristina Marie Reiser
Doctoral Dissertations
This dissertation consists of three chapters that examine how regulation by a central authority motivates changes in behavior.
Chapter 1 identifies the role of a tolerance policy as a manager’s regulatory mechanism which can deter worker misconduct in rank-order tournaments. When contestants’ actions cannot be perfectly monitored or doing so is prohibitively costly, misconduct takes place. This chapter develops a theoretical model in which contestants compete for a prize in a symmetric tournament and in which the organizer tolerates some level of misconduct. In addition to showing that zero tolerance does not minimize equilibrium misconduct, it also shows there exists …