Showing 1 - 10 of 12
This paper provides an economic foundation for non-binding mediation to stimulate first collective bargaining … agreements, as implemented in British Columbia since 1993. We show that the outcome of first-contract mediation is Pareto … profits under mediation coincide with the Owen values of the corresponding cooperative game with the coalitional structure …
Persistent link: https://www.econbiz.de/10011256091
each other. The contract may contain two types of incentives for the agent to work hard: a bonus and a threat of dismissal …
Persistent link: https://www.econbiz.de/10011255564
Growing interest in using personality variables in economic research leads to the question whether personality as measured by psychology is useful to predict economic behavior. Is it reasonable to expect values on personality scales to be predictive of behavior in economic games? It is undoubted...
Persistent link: https://www.econbiz.de/10011256055
This paper studies how firms can efficiently incentivize supervisors to truthfully report employee performance. To this end, I develop a dynamic principal-supervisor-agent model. The supervisor is either selfish or altruistic towards the agent, which is observable to the agent but not to the...
Persistent link: https://www.econbiz.de/10011256342
Alphabetic name ordering on multi-authored academic papers_new, which is the convention in theeconomics discipline and various other disciplines, is to the advantage of people whose lastname initials are placed early in the alphabet. As it turns out, Professor A, who has been afirst author more...
Persistent link: https://www.econbiz.de/10011256691
We conduct a field experiment in a large retail chain to test basic predictions of tournament theory regarding prize spread and noise. A random subset of the 208 stores participates in two-stage elimination tournaments. Tournaments differ in the distribution of prize money across winners of the...
Persistent link: https://www.econbiz.de/10011256723
they rate their co-worker relationships when they work under individual incentives, group incentives, or a combination of … in the Netherlands. We find correlational evidence that, in the absence of individual incentives, group incentives …
Persistent link: https://www.econbiz.de/10011256739
Several economists have directed our attention to a finding in the social psychological literature that extrinsic motivation may undermine intrinsic motivation. The self-perception (SP) theory developed by Bem (1972) explains this finding. The crux of this theory is that people remember their...
Persistent link: https://www.econbiz.de/10011257080
When verifiable performance measures are imperfect, organizations often resort to subjective performance pay. This may give supervisors the power to direct employees towards tasks that mainly benefit the supervisor rather than the organization. We cast a principal-supervisor-agent model in a...
Persistent link: https://www.econbiz.de/10011257408
This article analyzes under which conditions a manager can motivate a junior worker by verbal communication, and explains why communication is often tied up with organizational choices as job enlargement and collaboration. Our model has two important features. First, the manager has more...
Persistent link: https://www.econbiz.de/10011257452