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Research evaluation is praised as the symbol of modern quality management. We claim firstly, performance evaluations in … research have higher costs than normally assumed, because the evaluated persons and institutions systematically change their … place. Secondly, the benefits of performance evaluations are questionable. Evaluations provide too little information …
Persistent link: https://www.econbiz.de/10005184875
This paper intends to provide an evaluation of where the economic research on happiness stands and in which interesting … directions it might develop. First, the current state of the research on happiness in economics is briefly discussed. We … emphasize the potential of happiness research in testing competing theories of individual behavior. Second, the crucial issue of …
Persistent link: https://www.econbiz.de/10005627928
This study applies conjoint analysis (CA) to estimate the marginal willingness-to-pay (MWTP) of elderly individuals for a reduction of the risk of fracture of the femur. The good in question are hypothetical hip protectors which lower the risk of a fracture by different amounts. Other attributes...
Persistent link: https://www.econbiz.de/10005756626
Employment contracts give a principal the authority to decide flexibly which task his agent should execute. However, there is a tradeoff, first pointed out by Simon (1951), between flexibility and employer moral hazard. An employment contract allows the principal to adjust the task quickly to...
Persistent link: https://www.econbiz.de/10010817249
We show experimentally that a principal's distrust in the voluntary performance of an agent has a negative impact on … the agent's motivation to perform well. Before the agent chooses his performance, the principal in our experiment decides … whether he wants to restrict the agents' choice set by implementing a minimum performance level for the agent. Since both …
Persistent link: https://www.econbiz.de/10005627814
controlling parties, while a large percentage of subordinates under-provide effort despite pecuniary incentives to the contrary …
Persistent link: https://www.econbiz.de/10010817259
outcomes, (ii) laws governing cooperation and collective action, (iii) effects and the determinants of material incentives, (iv …
Persistent link: https://www.econbiz.de/10005627810
provision of incentives. Relative price and income effects are shown to be identifiable and strong. A number of empirically …
Persistent link: https://www.econbiz.de/10005627972
controlling parties, while a large percentage of subordinates under-provide effort despite pecuniary incentives to the contrary …
Persistent link: https://www.econbiz.de/10011240402
economic literature on incentives, and discusses their relationship to monetary compensation. Awards are better suited than … performance pay to reward scientific tasks, which are typically of a vague nature. They derive their value, for instance, from … signaling research talent to outsiders. Awards should therefore be taken seriously as a means of motivating research that may …
Persistent link: https://www.econbiz.de/10005463527