In the Allais' paradox, if an agent's preferences violate independence axiom, the (non-Expected Utility) decision maker appears to be prone to dynamic inconsistency, that is in some sequential decision problem he may be expected to embark upon (action) plans which he is not going to follow...

Individual evaluation interviews have become a widespread practice. 52% of employees in French manufacturing firms over 50 employees declared an annual individual evaluation interview in 1997. However whereas the problem of constructing an optimal contract with subjective evaluation (which is...

Individual evaluation interviews have become a widespread practice. 52% of employees in French manufacturing firms over 50 employees declared an annual individual evaluation interview in 1997. However whereas the problem of constructing an optimal contract with subjective evaluation (which is...

This paper aims at analyzing the relationships between teamwork, autonomy and individual evaluation interviews. Within an agency model with teamwork, we show that a production technology characterized by strong horizontal interdependencies and super-modularity does not ensure coordination within...

Nous explorons d’un point de vue microéconomique, à la fois théoriquement et empiriquement, les liens entre le renouvellement des générations et la dynamique technologique de l’entreprise en tenant compte des asymétries de position qui caractérisent les différentes générations et...

In this paper, we develop a Principal-Agent model with both monetary and non-monetary incentives. We show that the latter are always more efficient, that is Pareto-dominate, monetary incentives. Indeed, we not only show that all what monetary incentives can do, non-monetary incentives can do it...

The purpose of this paper is twofold. We first point out that violation of rationality axioms (SARP, GARP, WARP) do not necessarily lead to a non-rational behavior. Second, our tests of axioms SARP, GARP and WARP over a Polish panel data (1987-90) show that over the 3630 households only 240...