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Im Mittelpunkt der Arbeit steht die Formulierung eines handlungstheoretischen Konzepts zur Erklärung des Krankenstandes der Arbeitnehmer und das Aufzeigen diesbezüglicher empirischer Evidenzen. Krankmeldungen der Arbeitnehmer werden dabei als Kooperationsprobleme im Rahmen von...
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of our laboratory experiment is a two-stage tournament in which equilibrium efforts are the same in both stages. We … compare this treatment to a strategically equivalent one-stage tournament and to another two-stage tournament with a more … predictions and compared to the equivalent one-stage tournament. The results for the more convex two-stage tournament show that …
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We derive the optimal contract between a principal and a liquidity-constrained agent in a stochastically repeated environment. The contract comprises a court-enforceable explicit bonus rule and an implicit fixed salary promise that must be self-enforcing. Since the agent's rent increases with...
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