Most of the results of optimal taxation literature in Ramsey framework are derived under the assumption of commitment. Commitment is usually defined as ability of a government to bind future policy choices. This assumption is restrictive. A government, even a benevolent one, may choose to change its policies from those promised at an earlier date. The first formalization of the notion of time-i...

Purpose – Occupational stress and organizational change are now widely accepted as two major issues in organizational life. The current study explores the linkage between employees’ attitudes towards organizational change and two of the most significant constructs in organizational behaviour; occupational stress and organizational commitment. Design/methodology/approach – A total of 292 partici...

organizational commitment has been defined as the extent that an individual accepts, internalizes, and views his or her role based on organizational values and goals. the three components –affective commitment, continuance commitment, and normative commitment– form the basis of a new conceptualization of organizational commitment. job stress has become one of the most serious health issues in t...

A bit-commitment protocol involves two party: a sender (say Alice) and a receiver (say Bob). Alice has a classical string in mind, which she wants to communicate to Bob at a later time. In order to guarantee that she will not change her mind in the interim, Alice agrees to lock her commitment in a safe which she sends to Bob, but keeps the key of the safe. At the moment of truth, Alice unveils ...

In the 2019 Business Roundtable “Statement on Purpose of a Corporation”, over two hundred executives committed to expanding focus their respective corporations beyond shareholder primacy. Following advice from agency theory, compensation committees traditionally seek align executive pay with desired organizational outcomes. Our qualitative study examines whether signatories made discernible cha...