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Much attention has been devoted to studying models of tournaments or situations in which an individual's payment depends only on his output or rank, relative to other competitors. Such models are of more than academic Interest as they may well describe the compensation structures applicable to...
Persistent link: https://www.econbiz.de/10012476434
the baseline setting remain intact. Our results shed light on the extensive discussion of confidence management in firms …
Persistent link: https://www.econbiz.de/10012481769
Team incentives are important in many compensation systems that pay workers according to the output of their team as … well as to their own output, with team bonuses often depending on whether the team meets or exceeds specified thresholds …. Yet little is known about how team members with different abilities respond to compensation rules and thresholds. We …
Persistent link: https://www.econbiz.de/10013388782
test of the theory implements a laboratory experiment, where important features of the theory can be exogenously imposed …. We begin with a theoretical exploration of optimal contest design, focusing on the number of competitors. Our theory …. We complement our lab experiment with a field experiment, where we rely on biological models complemented by economic …
Persistent link: https://www.econbiz.de/10012458656
Recent work has shown that, in the presence of moral hazard, balanced budget Nash equilibria in groups are not pareto-optimal. This work shows that when agents misperceive the effects of their actions on the joint outcome, there exist a set of sharing rules which balance the budget and lead to a...
Persistent link: https://www.econbiz.de/10012476839
A growing empirical literature attributes much of the productivity advantages of large, "superstar" firms to their adoption of best practice management techniques that allow them to better identify and use talented workers. The reasons for the incomplete adoption of these "structured management...
Persistent link: https://www.econbiz.de/10015056121
. Nevertheless, the incentives to replicate are seldom in place in the sciences, especially within the social sciences. We propose a … begin by reporting results from an experiment in which we investigate how cooperation in allocation games is affected by the …
Persistent link: https://www.econbiz.de/10012455346
theory of agency, notably income insurance and multi-task considerations, also shape pay policies. The conclusion we draw …
Persistent link: https://www.econbiz.de/10012472868
examine whether information on the offered incentives improves reports about a known objective prior. We find that transparent … information on incentives gives rise to error rates in excess of 40 percent, and that only 15 percent of participants consistently … report the truth. False reports are conservative and appear to result from a biased perception of the BSR incentives. While …
Persistent link: https://www.econbiz.de/10012481521
. We focus on regret theory and the use of "regret lotteries" for motivating behavior change. Here, findings from one …-shot settings have been used to promote regret as a tool to boost incentives in recurrent decisions across many settings. Using … theory and experiments, we replicate regret lotteries as the superior one-shot incentive; however, for repeated decisions the …
Persistent link: https://www.econbiz.de/10014635722