Showing 1 - 10 of 40
social reputation or self-respect. The presence of rewards or punishments creates doubt as to the true motive for which good … extrinsic incentives. The model also allows us to identify settings that are conducive to multiple social norms of behaviour … sponsors, including the level and confidentiality or publicity of incentives. Sponsor competition may cause rewards to bid down …
Persistent link: https://www.econbiz.de/10005498047
offering payments or rewards, delegating a task, or giving encouragement. We show that extrinsic rewards may have hidden costs … - as stressed by psychologists - in that they undermine intrinsic motivation. As a result, they may be only weak … motivation, while offers of help may create a dependence. More generally, we identify when the hidden costs of rewards are a myth …
Persistent link: https://www.econbiz.de/10005656299
We review current methods for calculating fines against cartels in the US and EU, and simulate their deterrence effects under different assumptions on the legal and economic environment. It is likely that European fines have not had significant deterrence effects before leniency programs were...
Persistent link: https://www.econbiz.de/10005136460
This chapter examines the relationship between corporate governance and competition, particularly with regard to cartel formation, and discusses how corporate governance and firm agency problems affect optimal law enforcement against cartels, both in terms of sanctions and leniency policies....
Persistent link: https://www.econbiz.de/10005498010
This paper provides an empirical demonstration of high stakes incentives in relation to religious practice. It shows that, when both positive (carrot) and negative (stick) incentives are available, the former are more effective than the latter. Specifically, it is shown that beliefs in heaven...
Persistent link: https://www.econbiz.de/10005661888
A growing economic literature stresses the importance of relative comparisons, e.g., for savings and consumption or happiness. In this literature it is usually assumed that reference standards against which people compare themselves are exogenously given. In contrast, findings from social...
Persistent link: https://www.econbiz.de/10005788919
An important lesson from the incentive literature is that explicit incentives may elicit dysfunctional and unintended responses, also known as gaming responses. The existence of these responses, however, is difficult to demonstrate in practice because this behaviour is typically hidden from the...
Persistent link: https://www.econbiz.de/10005114434
This Paper studies the provision of incentives in a large US training organization, which is divided into about 50 independent pools of training agencies. The number and the size of the agencies within each pool vary greatly. Each pool distributes performance incentive awards to the training...
Persistent link: https://www.econbiz.de/10005661877
the agent's motivation to perform well. Before the agent chooses his performance, the principal in our experiment decides …
Persistent link: https://www.econbiz.de/10005124063
effort. Self-confidence thus enhances motivation, and this gives a time--inconsistent individual a strong incentive to build …
Persistent link: https://www.econbiz.de/10005136755