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Frey, Bruno S. - CESifo - 2009

This paper argues that the “Economics of Crime” concentrates too much on punishment as a policy to fight crime, which is unwise for several reasons. There are important instances in which punishment simply cannot reduce crime. Several feasible alternatives to punishment exist, such as...

Persistent link: https://www.econbiz.de/10005013061

What is an Award Worth? An Econometric Assessment of the Impact of Awards on Employee Performance

Neckermann, Susanne; Cueni, Reto; Frey, Bruno S. - CESifo - 2009

Behavioral economics documents the importance of status and self-image concerns in the workplace, but is largely silent about how to instrumentalize them to induce effort. Awards - widespread in the corporate sector and elsewhere - are motivators that derive their value from such social...

Persistent link: https://www.econbiz.de/10004979427

Wage Policy and Endogenous Wage Rigidity: A Representative View From the Inside

Agell, Jonas; Bennmarker, Helge - CESifo - 2002

We report the results from a representative survey of human resource managers in 885 Swedish firms. We estimate that …-term unemployment, and that labor market training tends to reduce the same stigma. We show that managers in small organizations have a … have an impact on attitudes concerning effort and motivation. …

Persistent link: https://www.econbiz.de/10005051594

Why are Small Firms Different? Managers’ Views

Agell, Jonas - CESifo - 2003

compensation managers to shed light on the issues. I find that (i) small establishments rely less on pecuniary incentives, and have … care about relative pay. I argue that these findings fit with behavioral stories of incentives and motivation, in …

Persistent link: https://www.econbiz.de/10005196276

Knight Fever – Towards an Economics of Awards

Frey, Bruno S. - CESifo - 2005

Awards in the form of orders, medals, decorations and titles are ubiquitous in monarchies and republics, private organizations, not-for-profit and profit-oriented firms. Nevertheless, economists have disregarded this kind of non-material extrinsic incentive.The demand for awards relies on an...

Persistent link: https://www.econbiz.de/10005406118

Yes, Managers Should Be Paid Like Bureaucrats

Frey, Bruno S.; Osterloh, Margit - CESifo - 2005

. Agency theory’s insistence on linking the compensation of managers and directors as closely as possible to firm performance … extrinsic motivation is reinforced. Based on the common pool approach to the firm, institutions are proposed which serve to …

Persistent link: https://www.econbiz.de/10005766059

Research Governance in Academia: Are there Alternatives to Academic Rankings?

Osterloh, Margit; Frey, Bruno S. - CESifo - 2009

scholarly research is a mainly curiosity driven endeavor, we include intrinsic motivation and supportive feedback by the peers …

Persistent link: https://www.econbiz.de/10008583736

Do Managers with Limited Liability Take More Risky Decisions? An Information Acquisition Model

Malcomson, James - CESifo - 2010

Risk-neutral individuals take more risky decisions when they have limited liability. Risk-neutral managers may not when …

Persistent link: https://www.econbiz.de/10008572569

How Do Judgmental Overconfidence and Overoptimism Shape Innovative Activity?

Herz, Holger; Schunk, Daniel; Zehnder, Christian - CESifo - 2013

Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue that the connection between overconfidence and innovation is more complex than the previous literature suggests. In particular, we show theoretically and experimentally that...

Persistent link: https://www.econbiz.de/10010877694

Growing Groups, Cooperation, and the Rate of Entry

Ranehill, Eva; Schneider, Frédéric; Weber, Roberto A. - CESifo - 2014

We study the stability of voluntary cooperation in response to varying rates at which a group grows. Using a laboratory public-good game with voluntary contributions and economies of scale, we construct a situation in which expanding a group’s size yields potential efficiency gains, but only...

Persistent link: https://www.econbiz.de/10010877699