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Pay for performance where output is hard to measure: the case of performance pay for school teachers

Marsden, David; Belfield, Richard - London School of Economics (LSE) - 2006

The introduction of performance-related pay with Performance Management in the state school sector of England and Wales represents a considerable change in the school management system. After 2000, all teachers were subject to annual goal setting performance reviews. Experienced teachers were...

Persistent link: https://www.econbiz.de/10010928638

Performance pay for teachers: linking individual and organisational level targets

Belfield, Richard; Marsden, David - London School of Economics (LSE) - 2005

The introduction of performance-related pay and performance management schemes in the maintained, state, school sector represents a considerable change in the school management system. This paper combines the results of opinion surveys of classroom and head teachers with Department for Education...

Persistent link: https://www.econbiz.de/10010745401

Behavioral agency theory: new foundations for theorizing about executive compensation

Pepper, Alexander; Gore, Julie - London School of Economics (LSE) - 2012

This article describes new micro-foundations for theorizing about executive compensation, drawing on the behavioral … executive compensation, an enhanced theory of agent behavior, and an improved platform for making recommendations about the … design of executive compensation plans. …

Persistent link: https://www.econbiz.de/10011071099

Teachers and performance pay in 2014: first results of a survey

Marsden, David - London School of Economics (LSE) - 2015

From the autumn of 2014, a new performance pay scheme was introduced for school teachers in England and Wales. It makes pay progression for all teachers dependent upon their performance as evaluated by their line managers by means of performance appraisals. This paper reports the results of a...

Persistent link: https://www.econbiz.de/10011188980

Multiproduct firms, income distribution, and trade

Schafgans, Marcia M. A.; Stibora, Joachim - London School of Economics (LSE) - 2014

We develop a general equilibrium model of multiproduct fi…rms with quality differentiated goods. Households are characterized by an heterogeneous taste for the differentiated good and their income level. The use of non-homothetic preferences and vertical product differentiation (product...

Persistent link: https://www.econbiz.de/10011126464

The effect of monitoring on CEO pay practices in a matching equilibrium

Chaigneau, Pierre; Sahuguet, Nicolas - London School of Economics (LSE) - 2013

compensation contracts. The model thus responds to some fundamental arguments of the managerial power perspective. …

Persistent link: https://www.econbiz.de/10010746551

Strong managers, weak boards?

Adams, Renee B.; Ferreira, Daniel - London School of Economics (LSE) - 2009

Many governance reform proposals are based on the view that boards have been too friendly to executives, for example, by awarding them excessive pay. Although boards are often on friendly terms with executives, it is less clear that they have systematically failed to function in the interests of...

Persistent link: https://www.econbiz.de/10011126080

Agency conflicts, ownership concentration, and legal shareholder protection

Burkart, Mike; Panunzi, Fausto - London School of Economics (LSE) - 2001

This paper analyzes the interaction between legal shareholder protection, managerial incentives, and outside ownership concentration. Legal protection a¤ects both the expropriation of shareholders and the blockholder's incentives to monitor. Because of this latter e¤ect and its repercussion on...

Persistent link: https://www.econbiz.de/10011071555

A British industrial success: productivity in the Lancashire and New England cotton spinning industries a century ago

Leunig, Tim - London School of Economics (LSE) - 2003

stems from more intensive competition, manifested through external economies of scale and longer production runs. We finish …

Persistent link: https://www.econbiz.de/10010884525

Does hospital competition save lives?: evidence from the English NHS patient choice reforms

Cooper, Zack; Gibbons, Stephen; Jones, Simon; McGuire, … - London School of Economics (LSE) - 2010

This paper examines whether or not hospital competition in a market with fixed reimbursement prices can prompt … improved) for patients living in more competitive markets after the introduction of hospital competition in January 2006. Our … results suggest that hospital competition in markets with fixed prices can lead to improvements in clinical quality. …

Persistent link: https://www.econbiz.de/10010884675