Toward an Economic Theory of Leadership: Leading by Example
38 Pages Posted: 7 May 1997
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
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