Showing 1 - 10 of 98
This paper analyses the influence of organisational change on the widening of earnings inequality, depending on the nature of employers' policy with respect to both how to deal with moral hazard problems and how to manage the access to skills. In a linear agency model which explains...
Persistent link: https://www.econbiz.de/10008793032
In this paper, we analyze group incentives when a proportion of agents feel in- equity aversion as defined by Fehr and … show that a tournament provides strong incentives to agents who only care about their own payo¤ but that it is not …
Persistent link: https://www.econbiz.de/10008788937
This paper reports on the results of an experiment testing whether the agents selfselect between a competitive payment scheme and a revenue-sharing scheme depending on their inequity aversion. Average efficiency should be increased when these payment schemes are endogenously chosen by agents. We...
Persistent link: https://www.econbiz.de/10008788967
Whereas economists have made extensive studies of the impact of levels of incentives on behavior, they have paid little … attention to the effects of regularity and frequency of incentives. We contrasted three ways of rewarding participants in a real …
Persistent link: https://www.econbiz.de/10008788970
experiment that analyzes the influence of other-regarding preferences on sorting and incentives. Experimental evidence shows that … the provision of incentives and their sorting effect. …
Persistent link: https://www.econbiz.de/10008788998
When exogenously imposed, rank-order tournaments have incentive properties but their overall efficiency is reduced by a high variance in performance (Bull, Schotter, and Weigelt 1987). However, since the efficiency of performance-related pay is attributable both to its incentive effect and to...
Persistent link: https://www.econbiz.de/10008790614
Compensation of executives by means of equity has long been seen as a means to tie executives' income to company performance, and thus as a solution to the principal-agent dilemma created by the separation of ownership and management in publicly owned companies. The overwhelming part of such...
Persistent link: https://www.econbiz.de/10008790773
investigates the impact of performance pay on both incentives and sorting and analyzes the influence of repeated interactions … and reputation influence both the provision of incentives and their sorting effect. …
Persistent link: https://www.econbiz.de/10008790841
. Nevertheless, this optimal utilisation is lessened by weak or even negative incentives which may lead to a sub-optimal equilibrium …
Persistent link: https://www.econbiz.de/10009372638
policymaker has to arrange incentives as agricultural firms have private information and do not spontaneously switch to the …
Persistent link: https://www.econbiz.de/10010603645