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Toward an Economic Theory of Leadership: Leading by Example

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Author Info
Ben Hermalin

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Abstract

This paper explores leadership within organizations. Leadership is distinct from authority because following a leader is a voluntarty rather than coerced activity of the followers. This paper considers how a leader induces rational followers to follow her in situations when the leader has incentives to mislead her followers.

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File URL: http://haas.berkeley.edu/~hermalin/leader.pdf
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Paper provided by University of California at Berkeley, Haas School of Business in its series Working Papers with number _006.

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Date of creation: Nov 1996
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Handle: RePEc:wop:calbha:_006

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