Showing 1 - 10 of 2,774
The Peter Principle captures two stylized facts about hierarchies: first, promotions often place employees into jobs for which they are less well suited than for that previously held. Second, demotions are extremely rare. Why do organizations not correct ‘wrong’ promotion decision? This...
Persistent link: https://www.econbiz.de/10005703071
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most talented workers leads to an escalating reliance on...
Persistent link: https://www.econbiz.de/10010635587
We model the sorting of medical students across medical occupations and identify a mechanism that explains the possibility of differential productivity across occupations. The model combines moral hazard and matching of physicians and occupations with pre-matching investments. In equilibrium...
Persistent link: https://www.econbiz.de/10005703622
This paper experimentally investigates the impact of different pay and relative performance information policies on … employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through … off. Moreover, in both pay schemes information feedback reduces the quality of the low performers’ work. …
Persistent link: https://www.econbiz.de/10005703358
We study optimal incentives in a principal-agent problem in which the agent's outside option is determined endogenously in a competitive labor market. In equilibrium, strong performance increases the agent's market value. When this value becomes sufficiently high, the threat of the agent's...
Persistent link: https://www.econbiz.de/10011108859
interacts with demand-side information. In an experiment covering 145 child day-care centres, I implement three separate …. Second, I only provide mothers with information without incentivizing the workers. Third, I combine the first two treatments …. This helps us identify if performance pay and public information are complements or substitutes in reducing child …
Persistent link: https://www.econbiz.de/10009220685
Recent events involving major insurance companies and insurance brokerage firms highlight substantial incentive problems in commercial and reinsurance markets where intermediation takes place. We show that in markets with informed as well as uninformed consumers and heterogeneous risk profiles...
Persistent link: https://www.econbiz.de/10005187265
organizations, regions and national economies. This paper illustrates cybernetic communication’s theories based on information (with … types of information with relation to communication, knowledge and creation, semantic, statistical and mathematical aspects …
Persistent link: https://www.econbiz.de/10005835530
This paper studies the influence of information on entry choices in a competition with a controlled laboratory … experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … productivity. Information on the opponent is a promising nudge to raise individuals' awareness towards the complexity of the …
Persistent link: https://www.econbiz.de/10011279246
This paper examines the influence of government transparency on changing views regarding nuclear energy before and after Japan’s natural and nuclear disaster of 2011. Individual level data were used, covering 45 countries and containing 27,423 observations. It was observed in the majority of...
Persistent link: https://www.econbiz.de/10011259284