Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2010
implement a control strategy, which consists of low effort discretion and little or no rent-sharing, or they implement a trust …In recent decades, many firms offered more discretion to their employees, often increasing the productivity of effort … terms of standard moral hazard models. We show experimentally that complementarities between high effort discretion, rent …