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Corporate Downsizing to Rebuild Team Spirit

  • Cabrales Goitia Antonio

    ()

    (UNIVERSITY CARLOS III OF MADRID)

  • Calvó-Armengol Antoni

    ()

    (UNIVERSITY CARLOS III OF MADRID)

In this working paper, we propose a new theory fordownsizing, based on strategic reasons rather than technological ones. A crisis may lead to a decrease in the willingness to cooperate in an organization, and therefore to a bad equilibrium. A consensual downsizing episode may signal credibly that survivors are willing to cooperate, and thus, it maybe optimal and efficiency-enhancing (for the individuals remaining in the organization), as the empirical evidence suggests. A variation of the same mechanism leads to efficient upsizing.

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Paper provided by Fundacion BBVA / BBVA Foundation in its series Working Papers with number 201084.

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Length: 37
Date of creation: Jul 2007
Date of revision:
Handle: RePEc:fbb:wpaper:201084
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  1. van Damme, Eric, 1989. "Stable equilibria and forward induction," Journal of Economic Theory, Elsevier, vol. 48(2), pages 476-496, August.
  2. Balkenborg, Dieter, 1994. "An Experiment on Forward- versus Backward Induction," Discussion Paper Serie B 268, University of Bonn, Germany.
  3. Lucia Foster & John Haltiwanger & C.J. Krizan, 1998. "Aggregate Productivity Growth: Lessons from Microeconomic Evidence," NBER Working Papers 6803, National Bureau of Economic Research, Inc.
  4. Jordi Brandts & Antonio Cabrales & Gary Charness, 2003. "Forward induction and the excess capacity puzzle: An experimental investigation," Levine's Bibliography 666156000000000253, UCLA Department of Economics.
  5. T. Börgers, 2010. "Weak Dominance and Approximate Common Knowledge," Levine's Working Paper Archive 378, David K. Levine.
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