Showing 1 - 10 of 421
In organizations, teams are ubiquitous. "Weakest Link" and "Best Shot" are incentive schemes that tie a group member … these incentive schemes by conducting two pilot RCTs (one in-person, one online), which included more than 250 graduate … randomized to either control, Weakest Link, or Best Shot incentives. We find evidence that such incentive approaches can affect …
Persistent link: https://www.econbiz.de/10013362028
Labor relations involve incentive problems. The market solves these problems by developing a variety of institutions …. This paper describes and assesses the various forms of incentive contracts …
Persistent link: https://www.econbiz.de/10012477157
's incentive contract provides a typical physician an increase, at the margin, of $0.10 in income for each $1.00 reduction in … theoretical framework for assessing the degree to which incentive contracts do in fact induce physicians to deviate from a … details of the HMO's incentive contracts and access to the firm's internal expenditure records. We estimate that the HMO …
Persistent link: https://www.econbiz.de/10012470196
cost shares will the contract be incentive compatible. Using a data base of sixty unit operating agreements, we measure the … importance of incentive-compatibility and self-enforcement and the bargaining problems faced in achieving viable, long …-term contracts. We argue that only if the parties to a unitization contract have unit production shares that are the same as their …
Persistent link: https://www.econbiz.de/10012471652
Tournaments, reward structures based on rank order, are compared with individual contracts in a model with one risk-neutral principal and many risk-averse agents. Each agents' output is a stochastic function of his effort level plus an additive shock term that is common to all the agents. The...
Persistent link: https://www.econbiz.de/10012478271
total claims of low-risk and high-risk individuals and provide an incentive for those who remain low-risk to continue to …
Persistent link: https://www.econbiz.de/10012468809
This paper considers functions of contracting other than the protection of relationship-specific investments and the provision of marginal incentives, and applies the theory to explain variation in the form of compensation of over-the-road truck drivers in the U.S. Specifically, we argue that...
Persistent link: https://www.econbiz.de/10012469856
We use a longitudinal dataset measuring beliefs and behaviors to study the dynamics of model - or narrative - adoption during the Covid-19 pandemic. We show that individuals switch beliefs about the effectiveness of preventive behaviors following changes in perceived risk. The adoption of...
Persistent link: https://www.econbiz.de/10014512096
Economic policies often involve dynamic interventions, where individuals receive repeated interventions over multiple periods. This dynamics makes past responses informative to predict future responses and ultimate outcomes depend on the history of interventions. Despite these phenomena,...
Persistent link: https://www.econbiz.de/10014576590
We explore the mechanics of empathy. In a controlled immersive virtual reality experiment, we show that neutral information on unauthorized immigration magnifies the empathetic response of subjects when they witness the struggles of unauthorized migrants. We conjecture that perceiving others as...
Persistent link: https://www.econbiz.de/10014576598