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performance incentives, on behavior of care providers filing applications for providing long-term care services to patients. We … present evidence from a large-scale field experiment in the Dutch market for long-term care. We find that increasing the … degree of control reduces the number of applications and that introducing performance incentives reduces this even further …
Persistent link: https://www.econbiz.de/10011272714
We explore the consequence for taxation and regulation of bonus pay when investors are protected by taxpayers from downside risk. The paper develops a model where workers in financial sector firms make decisions about effort and risk-taking which are influenced by the structure of bonus pay....
Persistent link: https://www.econbiz.de/10009246598
closed form). By modeling the noise before the action in each period, we force the contract to provide sufficient incentives …
Persistent link: https://www.econbiz.de/10008509464
first show that simple fee-for-service reimbursement schemes do not provide proper incentives. If insurers use, however, fee …
Persistent link: https://www.econbiz.de/10008468555
Based on a rich personnel data set of a large university we find strong evidence for the existence of an internal labor market. First, the lowest academic rank is a strong port of entry and the highest rank is a port of exit. Second, wages do not follow external wage developments, since they...
Persistent link: https://www.econbiz.de/10008468561
same firm. However, family managers face weaker incentives than professional managers as seen in the lower sensitivity of …
Persistent link: https://www.econbiz.de/10008468597
Contracts in a dynamic model must address a number of issues absent from static frameworks. Shocks to firm value may weaken the incentive effects of securities (e.g. cause options to fall out of the money), and the impact of some CEO actions may not be felt until far in the future. We derive the...
Persistent link: https://www.econbiz.de/10008477185
A key input to inventive activity is human capital. Hence it is important to understand the monetary incentives of …
Persistent link: https://www.econbiz.de/10008530342
This paper presents a market equilibrium model of CEO assignment, pay and incentives under risk aversion and … regulation) do not affect pay. The strength of incentives depends only on the disutility of effort and is independent of risk and … risk aversion. If the CEO affects the volatility as well as mean of firm returns, incentives rise and are increasing in …
Persistent link: https://www.econbiz.de/10008530386
, where free-riding incentives are strong. Is a minimum participation rule a way to offset these free-riding incentives? Why …
Persistent link: https://www.econbiz.de/10005123732