Transparency can inhibit workers from making their best efforts

Although enlightened corporate management may seem like a good idea at first glance, new research suggests that when it comes to two features with which it is associated—high transparency and a strong group identity combining ...

Study offers new view of how cartels work

Suppose you were building a cartel—a group of business interests who coordinate to fix high prices that consumers must pay. How would you design it? Received economic wisdom says transparency among cartel members is crucial: ...

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