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Managers often use tournament incentive schemes which motivate workers to compete for the top, compete to avoid the … levels for three tournament incentive schemes: reward tournaments, punishment tournaments, and tournaments combining reward …
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We present a duopoly model of strategic capital accumulation in continuous time with uncertainty, such that investment takes the form of singular control. Spot competition is of Cournot type. For this model there exists a parameterized and Pareto-rankable family of Markov perfect equiblibria in...
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Incentives theory suggests that compensation schemes should be analyzed along two dimensions: controllability and … qualitative feedback from the managers involved, are analyzed. It is argued that EVA bonus schemes may have a major …
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This article proposes a two-stage oligopoly model for the crude oil market. In a game of several Stackelberg leaders …
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paper proposes a theory of incentive design allowing for such distorted behavior. At the heart of the theory is a trade …-off between getting the agent to exert effort and ensuring that this effort is used well. The theory covers various moral …
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