IDEAS home Printed from https://ideas.repec.org/a/sej/ancoec/v774y2011p843-855.html
   My bibliography  Save this article

Putting Agency and Integrity to the Test

Author

Listed:
  • Daniel G. Arce

    () (Economics Program (GR 31), University of Texas at Dallas, 800 W Campbell Road, Richardson, TX 75080, USA)

Abstract

This article examines recent claims about the necessity of integrity in agency relationships by putting agents with preferences that reflect integrity in an evolutionary competition with opportunistic agents. Corporate culture is modeled through a process of assortative matching between principal and agent types (via industry or group effects). This leads to a characterization of corporate governance where integrity is linked with value creation.

Suggested Citation

  • Daniel G. Arce, 2011. "Putting Agency and Integrity to the Test," Southern Economic Journal, Southern Economic Association, vol. 77(4), pages 843-855, April.
  • Handle: RePEc:sej:ancoec:v:77:4:y:2011:p:843-855
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.4284/0038-4038-77.4.843
    Download Restriction: no

    References listed on IDEAS

    as
    1. Meyer, Bruce D, 1990. "Unemployment Insurance and Unemployment Spells," Econometrica, Econometric Society, vol. 58(4), pages 757-782, July.
    2. David M. Cutler & Edward L. Glaeser & Jesse M. Shapiro, 2003. "Why Have Americans Become More Obese?," Journal of Economic Perspectives, American Economic Association, vol. 17(3), pages 93-118, Summer.
    3. Bollinger, Christopher R & David, Martin H, 2001. "Estimation with Response Error and Nonresponse: Food-Stamp Participation in the SIPP," Journal of Business & Economic Statistics, American Statistical Association, vol. 19(2), pages 129-141, April.
    4. Tomas Philipson, 2001. "The world-wide growth in obesity: an economic research agenda," Health Economics, John Wiley & Sons, Ltd., vol. 10(1), pages 1-7.
    5. Darius Lakdawalla & Tomas Philipson, 2002. "The Growth of Obesity and Technological Change: A Theoretical and Empirical Examination," Working Papers 0203, Harris School of Public Policy Studies, University of Chicago.
    6. Parke Wilde & Mark Nord, 2005. "The Effect of Food Stamps on Food Security: A Panel Data Approach ," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 27(3), pages 425-432.
    7. Craig Gundersen & Brent Kreider, 2008. "Food Stamps and Food Insecurity: What Can Be Learned in the Presence of Nonclassical Measurement Error?," Journal of Human Resources, University of Wisconsin Press, vol. 43(2), pages 352-382.
    8. repec:fth:prinin:468 is not listed on IDEAS
    9. James P. Ziliak & Craig Gundersen & David N. Figlio, 2003. "Food Stamp Caseloads over the Business Cycle," Southern Economic Journal, Southern Economic Association, vol. 69(4), pages 903-919, April.
    10. Barbara Devaney & Robert Moffitt, 1991. "Dietary Effects of the Food Stamp Program," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(1), pages 202-211.
    11. Chad D. Meyerhoefer & Yuriy Pylypchuk, 2008. "Does Participation in the Food Stamp Program Increase the Prevalence of Obesity and Health Care Spending?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(2), pages 287-305.
    12. Dean Jolliffe & James P. Ziliak (ed.), 2008. "Income volatility and Food Assistance in the United States," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number ivfa.
    13. Dean Jolliffe, 2004. "Continuous and robust measures of the overweight epidemic: 1971–2000," Demography, Springer;Population Association of America (PAA), vol. 41(2), pages 303-314, May.
    14. Anderson, Patricia M. & Butcher, Kristin F. & Levine, Phillip B., 2003. "Maternal employment and overweight children," Journal of Health Economics, Elsevier, vol. 22(3), pages 477-504, May.
    15. Darius Lakdawalla & Tomas Philipson, 2007. "Labor Supply and Weight," Journal of Human Resources, University of Wisconsin Press, vol. 42(1).
    16. Diane Whitmore, 2002. "What Are Food Stamps Worth?," Working Papers 847, Princeton University, Department of Economics, Industrial Relations Section..
    17. Chou, Shin-Yi & Grossman, Michael & Saffer, Henry, 2004. "An economic analysis of adult obesity: results from the Behavioral Risk Factor Surveillance System," Journal of Health Economics, Elsevier, vol. 23(3), pages 565-587, May.
    18. Craig Gundersen & Victor Oliveira, 2001. "The Food Stamp Program and Food Insufficiency," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(4), pages 875-887.
    19. repec:oup:revage:v:27:y:2005:i:3:p:425-432. is not listed on IDEAS
    20. Parke E. Wilde & Paul E. McNamara & Christine K. Ranney, 1999. "The Effect of Income and Food Programs on Dietary Quality: A Seemingly Unrelated Regression Analysis with Error Components," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(4), pages 959-971.
    21. Fraker, Thomas & Devaney, Barbara & Cavin, Edward, 1986. "An Evaluation of the Effect of Cashing Out Food Stamps on Food Expenditures," American Economic Review, American Economic Association, vol. 76(2), pages 230-234, May.
    22. John Cawley, 2004. "The Impact of Obesity on Wages," Journal of Human Resources, University of Wisconsin Press, vol. 39(2).
    23. Steven T. Yen & Margaret Andrews & Zhuo Chen & David B. Eastwood, 2008. "Food Stamp Program Participation and Food Insecurity: An Instrumental Variables Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(1), pages 117-132.
    24. Barbara Devaney & Thomas Fraker, 1989. "The Effect of Food Stamps on Food Expenditures: An Assessment of Findings From the Nationwide Food Consumption Survey," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(1), pages 99-104.
    25. John Cawley, 2000. "Body Weight and Women's Labor Market Outcomes," NBER Working Papers 7841, National Bureau of Economic Research, Inc.
    26. Diane Whitmore, 2002. "What Are Food Stamps Worth?," Working Papers 847, Princeton University, Department of Economics, Industrial Relations Section..
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Arce, Daniel G., 2013. "Principals’ preferences for agents with social preferences," Journal of Economic Behavior & Organization, Elsevier, vol. 90(C), pages 154-163.

    More about this item

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sej:ancoec:v:77:4:y:2011:p:843-855. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Laura Razzolini). General contact details of provider: http://edirc.repec.org/data/seaaaea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.