Toward an Economic Theory of Leadership: Leading by Example

38 Pages Posted: 7 May 1997

Abstract

This paper explores leadership within organizations. Leadership is distinct from authority because following a leader is a voluntary 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.

JEL Classification: D23, D21, D29, L29

Suggested Citation

Hermalin, Benjamin E., Toward an Economic Theory of Leadership: Leading by Example. Available at SSRN: https://ssrn.com/abstract=15570 or http://dx.doi.org/10.2139/ssrn.15570

Benjamin E. Hermalin (Contact Author)

University of California, Berkeley ( email )

545 Student Services Building, #1900
2220 Piedmont Avenue
Berkeley, CA 94720
United States
510-642-7575 (Phone)
510-643-1420 (Fax)

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