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Persistent link: https://www.econbiz.de/10003526161
The characteristics of endogenously determined sharing rules and the group-size paradox are studied in a model of group contest with the following features: (i) The prize has mixed privatepublic good characteristics. (ii) Groups can differ in marginal cost of effort and their membership size....
Persistent link: https://www.econbiz.de/10003962736
-sharing selective incentives. …
Persistent link: https://www.econbiz.de/10010361507
knowledge economy. Corporate taxes and labor income taxes can affect both the firm owner’s and the employee’s incentives to … incentives and reductions in the tax rate levied on profit sharing schemes. This complementarity holds, albeit with different … relative importance for the two tax incentives, also with non-deductible labor costs, with a stochastic innovation value …
Persistent link: https://www.econbiz.de/10010433907
innovate or not, we propose that this decision is actually taken by their employees (agents). We compare the two tax incentives … tax incentives are found to play a role in fostering innovation. In addition we find important effects on the incentives …
Persistent link: https://www.econbiz.de/10010483411
The characteristics of endogenously determined sharing rules and the group-size paradox are studied in a model of group contest with the following features: (i) The prize has mixed private-public good characteristics. (ii) Groups can differ in marginal cost of effort and their membership size....
Persistent link: https://www.econbiz.de/10013128769
-sharing selective incentives …
Persistent link: https://www.econbiz.de/10013051619
attaining the lower winning probability is the one choosing the rule giving higher incentives to the members …
Persistent link: https://www.econbiz.de/10013316145
This paper presents a unified framework for understanding the determinants of both CEO incentives and total pay levels … endogenize both elements of compensation. The model's closed form solutions yield testable predictions for how incentives should … and over time. The theory also predicts a positive relationship between pay volatility and firm volatility, and that risk …
Persistent link: https://www.econbiz.de/10012465278
We develop a simple incomplete-contract model of the relationship between worker participation to revenue sharing and innovation performance of firms, under firing regimes with different stringency. Stronger worker participation to profits is shown to increase innovation probability when...
Persistent link: https://www.econbiz.de/10014108758