In this paper we consider a regulated monopoly that can pad its costs to increaseits cost reimbursement. Even while padding is ineácient the optimal incentivescheme tolerates some padding of costs to reduce the information rents paid tolow cost types. It is shown that high cost ßrms pad costs...

Owing to changes in the business environment, there has been a tremendous adoption of innovativeworkplace organisation (WO) and human resource (HR) practices during the last fewdecades. Assuming a holistic perspective on human resource management (HRM), the presentstudy establishes the...

The present paper examines the relationship between fixed-term employment and jobsatisfaction using individual-level data from the German Socio Economic Panel (GSOEP).According to theoretical expectations, fixed-term employment should be associated with arelative low level of job satisfaction,...

This paper examines the question, whether the growing use of new technologies anddecentralized forms of work organization affects the age structure of workforces withinfirms. The initial idea behind this relationship is that technological and organizationalchange may not only be skill-biased,...

This study uses panel data describing about 6,500 employees in a large international companyto study the incentive effects of performance related pay. The company uses two performancerelated remuneration mechanisms. One is an individual "surprise" bonus payment. The other isa more structured...