- Online events
- Pre-book only
The 147th meeting jointly organized with International Public Policy Seminar
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Date | 2022.10.21 Fri 13:30 - 15:00 |
How to apply | Send an email to: rmikami@iss.u-tokyo.ac.jp (MIKAMI, Institute of Social Science, The University of Tokyo) |
Contact | MIKAMI, Institute of Social Science, The University of Tokyo 03-5841-4936 |
The Osaka Workshop on Economics of Institutions and Organizations, OEIO, meets every month to exchange research ideas on institutional and organizational economics. Participants include both people specialized in theoretical research and those in empirical research. Topics of meetings might be about microeconomic theory, macroeconomic theory, or economic history..., whatever on institutional and organizational economics.
Date: Friday, October 21, 2022 13:30 to 15:00
Place: Will be held online
Presenter: Kohei Yamagata, PhD Candidate, Washington University in St.Louis
Title: "Dynamics of External Recruitment and Internal Promotion"
Abstract: We provide a new model to describe an internal promotion race with power shifting over time. This model includes a kind of rachet effect in which an employee tries to manipulate their post-promotion reputation as a manager before she is promoted. Anticipating this incentive, the belief about the job's difficulty, which is updating over time, and potential subordinates' cooperation determine the magnitude of this rachet effect and the internal promotion rule. We use this dynamic model to compare internal promotion and external recruitment. We show that regardless of the rachet effect's significant impact, committing to internal promotion can provide more long-run profit than the mixture of internal promotion and external recruitment.