the performances of co-workers. Assuming heterogeneity among the workers the interplay of emotions and incentives is … analysed by focusing on three incentive schemes that are frequently used in practice: tournaments, bonuses and piece rates. We … identify certain conditions under which emotions lead to additional incentives and under which the employer benefits from …

the performances of co-workers. Assuming heterogeneity among the workers the interplay of emotions and incentives is … analysed by focusing on three incentive schemes that are frequently used in practice: tournaments, bonuses and piece rates. We … identify certain conditions under which emotions lead to additional incentives and under which the employer benefits from …

Rank-order tournaments are usually modeled simultaneously. However, real tournaments are often sequential. We show that … agents’ strategic behavior in sequential-move tournaments significantly differ from the one in simultaneous-move tournaments …

Rank-order tournaments are usually modeled simultaneously. However, real tournaments are often sequential. We show that … agents’ strategic behavior in sequential-move tournaments significantly differ from the one in simultaneous-move tournaments …

tournaments (i.e., tournaments that are intertemporally linked), which also enhances incentives. …Splitting leagues or tournaments seems to be puzzling when agents are homogeneous and splitting leads to a negative … used as a divide-and-rule strategy by the principal to create additional incentives when collusion among the agents is …

The existing literature on the comparison of tournaments and piece rates as alternative incentive schemes has focused … suffciently convex, first-best effort will be more likely implemented under piece rates than under tournaments. Moreover, if first … tournaments given suffciently convex costs. While tournaments offer a partial insurance due to their fixed prizes, piece rates may …

incentives and accordingly is not in the principal’s interest. In this paper I compare two different designs of a collective …

The existing literature on the comparison of tournaments and piece rates as alternative incentive schemes has focused … suffciently convex, first-best effort will be more likely implemented under piece rates than under tournaments. Moreover, if first … tournaments given suffciently convex costs. While tournaments offer a partial insurance due to their fixed prizes, piece rates may …

incentives and accordingly is not in the principal’s interest. In this paper I compare two different designs of a collective …