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Hidden Action, Identification, and Organization Design
Schnedler, Wendelin - Institute for the Study of Labor (IZA) - 2010
Incentives often fail in inducing economic agents to engage in a desirable activity; implementability is restricted. What restricts implementability? When does re-organization help to overcome this restriction? This paper shows that any restriction of implementability is caused by an...
Persistent link: https://www.econbiz.de/10008727777
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Task Difficulty, Performance Measure Characteristics, and the Trade-Off between Insurance and Well-Allocated Effort
Schnedler, Wendelin - Institute for the Study of Labor (IZA) - 2006
the performance measure and its similarity (congruity, congruence) to the benefit of the manager’s employer. A necessary …
Persistent link: https://www.econbiz.de/10005566602
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On the Prudence of Rewarding A While Hoping for B
Schnedler, Wendelin - Institute for the Study of Labor (IZA) - 2003
In multiple-task hidden-action models, the (mis-)allocation of effort may play an important role for benefit creation. Signals which capture this benefit and which are used in incentive schemes should thus not only be judged by the noise and the associated costs but also by the mis-allocation...
Persistent link: https://www.econbiz.de/10005761834
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Information and Competition Entry
Ewers, Mara - Institute for the Study of Labor (IZA) - 2012
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
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An Economic Analysis of Exclusion Restrictions for Instrumental Variable Estimation
Berg, Gerard J. van den - Institute for the Study of Labor (IZA) - 2007
information on the value of the IV. This leads to violation of the exclusion restriction. We analyze this in a dynamic economic …
Persistent link: https://www.econbiz.de/10005763520
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Job Assignments under Moral Hazard: The Peter Principle Revisited
Koch, Alexander Karl; Nafziger, Julia - Institute for the Study of Labor (IZA) - 2007
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
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Old Money, the Nouveaux Riches and Brunhilde's Marriage Strategy
Bronsert, Anne-Kathrin; Glazer, Amihai; Konrad, Kai A. - Institute for the Study of Labor (IZA) - 2014
A woman assessing the wealth of a potential husband may observe some, but not all, of his wealth. She may screen, leading to status consumption and wasteful gift giving. The screening activity is costly not only for the potential husband, but also for the woman, as it reduces the wealth of the...
Persistent link: https://www.econbiz.de/10010884244
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The Superstar Quest: Does Youth Talent Predict Professional Success for Female and Male Tennis Players?
Grove, Wayne A.; Jetter, Michael - Institute for the Study of Labor (IZA) - 2014
We estimate the relationship between international youth and professional tennis rankings. We find no difference between the predictiveness of rankings from age 14 & Under versus age 16 & Under competitions. The most persistent predictor of professional success is beating older top ranked...
Persistent link: https://www.econbiz.de/10010884294
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Turf Wars
Herrera, Helios; Reuben, Ernesto; Ting, Michael M. - Institute for the Study of Labor (IZA) - 2014
jurisdiction decide whether to exert effort and receive a reward based on their relative performance. Hence, sharing can increase … of the basic model, including one where each agent's productivity is private information. …
Persistent link: https://www.econbiz.de/10010959610
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Private Education Market, Information on Test Scores and Tuition Practices
Firpo, Sergio; Ponczek, Vladimir; Possebom, Vítor Augusto - Institute for the Study of Labor (IZA) - 2014
In this paper, we study the impact of disclosing information about school quality of private schools in Brazil on … gradually over time, revealing that the parents needed some time to trustfully associate results on the exam to new information …
Persistent link: https://www.econbiz.de/10010959832