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Reciprocity and Incentive Pay in the Workplace

Dur, Robert; Non, Arjan; Roelfsema, Hein - Tinbergen Institute - 2008

We study optimal incentive contracts for workers who are reciprocal to management attention. When neither worker's effort nor manager's attention can be contracted, a double moral-hazard problem arises, implying that reciprocal workers should be given weak financial incentives. In a...

Persistent link: https://www.econbiz.de/10005137227

Wage Structure and the Incentive Effect of Promotions

Herpen, Marco van; Cools, Kees; Praag, Mirjam van - Tinbergen Institute - 2004

This paper studies wage structure characteristics and their incentive effects within one firm. Based on personnel records and an employee survey, we provide evidence that wages are attached to jobs and that promotions play a dominant role as a wage determinant. We furthermore show that a...

Persistent link: https://www.econbiz.de/10005144477

A Triptych Inquiry: Rethinking Sustainability, Innovation, and Financial Performance

Busch, Timo; Stinchfield, Bryan T.; Wood, Matthew S. - Tinbergen Institute - 2011

Management scholars have sought to answer the question: is there a financial payoff for ad-dressing ecological and social issues? We move beyond this question and include a time com-ponent for corporate financial performance (CFP) and a firm’s innovativeness in order to ask: when does it pay?...

Persistent link: https://www.econbiz.de/10008838575

Procurement: The Transaction Costs Perspective in a Globalising World

Butter, Frank A.G. den - Tinbergen Institute - 2007

Fragmentation of production into more and more complex supply chains is a prominent feature of globalisation. It implies that transaction costs as part of total costs of ownership carry a large weight in procurement decisions. An analysis of the various types of transaction costs is also...

Persistent link: https://www.econbiz.de/10005144406

Computation of the Nucleolus for a Class of Disjunctive Games with a Permission Structure

Brink, René van den; Katsev, Ilya; Laan, Gerard van der - Tinbergen Institute - 2008

provide a polynomial time algorithm for computing the nucleolus of the restricted games corresponding to a class of games with …

Persistent link: https://www.econbiz.de/10005137018

Computing Integral Solutions of Complementarity Problems

Laan, Gerard van der; Talman, Dolf; Yang, Zaifu - Tinbergen Institute - 2005

In this paper an algorithm is proposed to find an integral solution of (nonlinear) complementarity problems. The … algorithm starts with a nonnegative integral point and generates a unique sequence of adjacent integral simplices of varying … dimension. Conditions are stated under which the algorithm terminates with a simplex one of whose vertices is an integral …

Persistent link: https://www.econbiz.de/10005137267

An Algorithm for Computing the Nucleolus of Disjunctive Additive Games with An Acyclic Permission Structure

Brink, René van den; Katsev, Ilya; Laan, Gerard van der - Tinbergen Institute - 2008

-called peer group games being non-negative additive games on a permission tree. We provide a polynomial time algorithm for …

Persistent link: https://www.econbiz.de/10005144441

Decision Making and Learning in a Globalizing World

Swank, Otto H.; Visser, Bauke - Tinbergen Institute - 2010

We study two aspects of globalization. It allows a decision-maker to go beyond his own local experience and to learn from other decision-makers in addressing common problems. This improves the identification and diffusion of best practices. It also provides extra information to `markets' that...

Persistent link: https://www.econbiz.de/10008838554

Subsidizing the Adoption of Energy-Saving Technologies: Analyzing the Impact of Uncertainty, Learning and Maturation

Groot, Henri L.F. de; Mulder, Peter; Soest, Daan P. van - Tinbergen Institute - 2004

As part of the Kyoto Protocol, many countries have committed themselves to substantially reduce the emission of greenhouse gases within a politically imposed time constraint. Investment subsidies can be an important instrument to stimulate the adoption of energy-saving technologies to achieve...

Persistent link: https://www.econbiz.de/10005136918

Cost Reducing Investment, Competition and Industry Dynamics

Petrakis, Emmanuel; Roy, Santanu - Tinbergen Institute - 1998

We demonstrate the possibility of shake-out of firms and emergence of inter-firm heterogeneity along the (socially optimal) dynamic equilibrium path of a competitive industry with free entry and exit, even when there is no uncertainty and all firms are ex ante identical with perfect foresight....

Persistent link: https://www.econbiz.de/10005137062