Showing 1 - 10 of 16
The literature has shown that the overall efficiency of exogenously imposed tournaments is reduced by a high variance in performance. This paper reports results from an experiment analyzing whether allowing subjects to self-select into different payment schemes is reducing the variability of...
Persistent link: https://www.econbiz.de/10009401083
L'objectif de ce texte est, d'une part, de proposer une façon de lever la dualité ou contradiction mise en évidence par de nombreux commentateurs dans la théorie hayékienne de l'évolution et, d'autre part, de souligner les difficultés rencontrées par Hayek dans sa tentative...
Persistent link: https://www.econbiz.de/10010750962
The purpose of this paper is to assess the relevance of rational expectations solutions to the class of linear univariate models where both the number of leads in expectations and the number of lags in predetermined variables are arbitrary. It recommends to rule out all the solutions that would...
Persistent link: https://www.econbiz.de/10010898623
randomizing. Thus, randomization among noncomparable options is costly relative to deliberate selection. On the other hand …, randomization among indifferent options is costless relative to deliberate selection. …
Persistent link: https://www.econbiz.de/10010898935
, to theoretically quantify the selection e ects driven by the implementation of performance appraisals. …
Persistent link: https://www.econbiz.de/10010899804
This paper fills the gap between individual selection models and collective approaches of migration. We build a … theoretical model in order to account for household-based migration decisions and derive its implications on migrant selection … the one among its members who is to migrate, migrant selection in this case may differ from what is predicted by a pure …
Persistent link: https://www.econbiz.de/10010739025
Economists have traditionally been very cautious when studying the interaction between employment and health because of the two-way causal relationship between these two variables: health status influences the probability of being employed and, at the same time, working affects the health...
Persistent link: https://www.econbiz.de/10010820607
the selection and incentive effects of pay schemes are so far thin on the ground. In addition, these effects may be …
Persistent link: https://www.econbiz.de/10008788998
The Peter Principle states that, after a promotion, the observed output of promoted employees tends to fall. Lazear (2004) models this principle as resulting from a regression to the mean of the transitory component of ability. Our experiment reproduces this model in the laboratory by means of...
Persistent link: https://www.econbiz.de/10008790587
is attributable both to its incentive effect and to its selection effect among employees (Lazear, 2000), it is important …
Persistent link: https://www.econbiz.de/10008790614