Showing 1 - 10 of 36
incentives under the heavy information asymmetry (Sahlman, 1982, J. Financial Economics) In this paper, we consider how to design …
Persistent link: https://www.econbiz.de/10005342368
higher position their incentives to be “over-productive†may decline. …
Persistent link: https://www.econbiz.de/10005130187
This paper shows that monitoring too much a partner in the initial phase of a relationship may not be optimal if the goal is to determine his loyalty to the match and if the cost of ending the relationship increases over time. The intuition is simple: by monitoring too much we learn less on how...
Persistent link: https://www.econbiz.de/10005063690
The quality of subjective performance evaluation is dependent on the incentive structures faced by evaluators, in particular on how they are monitored and themselves evaluated. Figure skating competitions provide a unique opportunity to study subjective evaluation. This paper develops a simple...
Persistent link: https://www.econbiz.de/10005063724
The consumption value of education is an important, but rather ignored factor behind the individual's educational choice. This paper suggests a method for measuring the consumption value of education in a compensating differentials framework when the ability bias is corrected for. As an example,...
Persistent link: https://www.econbiz.de/10005342153
Using personnel data, we compare worker productivity under a relative incentive scheme -where pay is based on individual productivity relative to the average productivity of the group- to productivity under piece rates. We find that productivity is at least 50% higher under piece rates. Further...
Persistent link: https://www.econbiz.de/10005063715
This paper is concerned with the dynamics of competition in American political campaigns, in particular with how the type of message a candidate sends is affected by the stage of the campaign, the status of the candidate, and the competitiveness of the race. The paper examines the allocation of...
Persistent link: https://www.econbiz.de/10005170374
the incentives of inside workers. This paper, however, shows that even from an incentive viewpoint, external recruitment … activity, can restore the incentives of the workers to engage in productive activity and enhances the firm's performance. We …
Persistent link: https://www.econbiz.de/10005702639
This paper examines the effects of inter-school competition on student outcomes by using exogenous variation in the availability of private schools in Chile. Given that naïve estimates of the effects of competition on student outcomes are biased by endogenous entry of schools, this paper uses...
Persistent link: https://www.econbiz.de/10005328880
incentives for multiple agents to undertake efficient levels of the separate activities. The ability of various mechanisms to … provide incentives and the way that this ability is affected by information and agent numbers will determine both which …'s perspective -- but also by the ability of the coordination mechanism to provide incentives for efficient activity levels as …
Persistent link: https://www.econbiz.de/10005328943