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→Austen-Smith and Feddersen (2008)
*Penalties
*Extensions:
**Seperating equilibrium**Sorting
'''Requires:'''
'''Story:'''
Violation occurs -> Employees can stay silent, report internally or whistleblow -> Managers (if advised of violation) can fix or not -> Society observes with some probability (dependent on the action of the employee) -> Firm and Society have payoffs -> Employees and managers care about both firm and society to differing degrees depending on their type. The managers are able to give penalties to incentivize certain actions by the employees, and do so according to their type (and the employees actions).
===[[Baron 2001 - Theories of Strategic Nonmarket Participation | Baron (2001)]]===
