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5 results found.

Development Discussion Paper

Profit with Purpose? A Theory of Social Enterprise with Experimental Evidence

Timothy Besley and Maitreesh Ghatak

When social benefits cannot be measured, a hybrid organization which selects managers based on motivation can be used to balance profi…ts with a social purpose. This paper develops a model of social enterprise based on s...Read more...

8 November 2013

Economics of Industry Paper

Motivation and Sorting in Open Source Software Innovation

Sharon Belenzon and Mark Schankerman

This paper studies the role of intrinsic motivation, reputation and reciprocity in driving open source software innovation. We exploit the observed pattern of contributions - the 'revealed preference' of developers - to ...Read more...

October 2008

Theoretical Economics Paper

Competition and Incentives with Motivated Agents

Timothy Besley and Maitreesh Ghatak

A unifying theme in the literature on organizations such as public bureaucracies and private non-profits is the importance of missions, as opposed to profit, as an organizational goal. Such mission-oriented organizations...Read more...

November 2003

Theoretical Economics Paper

The Wrong Kind of Transparency

Andrea Prat

In a model of career concerns for experts, when is the principal hurt from observing more information about her agent? This paper introduces a distinction between information on the consequence of the agent's action and ...Read more...

October 2002

Theoretical Economics Paper

Reputation and Allocation of Ownership

Maija Halonen

We show that allocation of ownership matters even in a long-term relationship where problems of opportunism are less severe unless agents are very patient. Ownership structure is chosen to give the agents best incentives...Read more...

May 1995