On the Value of Relative Comparisons in Firms

Abhijit Ramalingam

Research output: Working paper


In a principal-agent model, we find that firms may not always benefit from the relative concerns of agents if such concerns are heterogeneous. Further, accounting for the influence of the environment on such concerns, profits are reduced relative to the no-comparisons benchmark.
Original languageEnglish
Publication statusUnpublished - 2014

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