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. While this question has been widely discussed in the literature, the focus is usually either on strict incentives for … incentives and robustness to strategic uncertainty. The result is a set valued solution, a variant of which is shown to exist for …
Persistent link: https://www.econbiz.de/10012866617
on the one hand and the core property of an allocation on the other. In particular we show that it is an inhomogeneous … sacrifice') which is derived from the egalitarian-equivalent concept suggested by Moulin (1987). We also develop a simple core … test by which it can be checked whether a given allocation is in the core thus being a possible outcome of a cooperative …
Persistent link: https://www.econbiz.de/10010270530
The ex ante incentive compatible core of an exchange economy with private information is the (standard) core of a … incentive compatible core can be empty, even if utility functions are quasi-linear. If, in addition to quasi-linearity, further … assumptions are made (like independent private values), the non-emptiness of the core follows nevertheless from d?Aspremont and …
Persistent link: https://www.econbiz.de/10010273735
We study, theoretically and empirically, the effects of incentives on the self-selection and coordination of motivated …). Agents differ in their motivation to exert social effort. Our model predicts that lowering incentives for selfish effort in … prediction in a lab experiment allowing us to cleanly separate the selection effect from other effects of low incentives. Results …
Persistent link: https://www.econbiz.de/10013217557
consequences for the provision of incentives in organizations and the design of sports competitions …
Persistent link: https://www.econbiz.de/10012845683
Economists and management scholars have argued that the scope of incentives to increase cooperation in organizations is … prevailing cooperation levels among employees before they can set incentives to promote cooperation. In addition, employees …-liefs about the cooperativeness of others. Incentives hence have strong positive effects on cooperative beliefs, irrespective of …
Persistent link: https://www.econbiz.de/10014259692
can hold-up, the lower is the implementable degree of peer dependent incentives. In a setting with team effects … complementary tasks and peer pressure, respectively we show that while team-based incentives are optimal if agents are dispensable …, it may be costly, and in fact suboptimal, to provide team incentives once the agents become indispensable …
Persistent link: https://www.econbiz.de/10012778199
There are several empirical studies of ex post analysis of citations in academia. There is no ex ante analysis of citations. I consider a game-theoretic model of a contest between scholars on the basis of two widely-used measures of citations (i.e., the h-index and total citation count) and the...
Persistent link: https://www.econbiz.de/10012860576
We report results from the first experimental study of round-robin tournaments. In our experiment, we investigate how the prize structure affects the intensity, fair-ness, and dynamic behavior in sequential round-robin tournaments with three players. We compare tournaments with a second prize...
Persistent link: https://www.econbiz.de/10013293842
We offer a new explanation for why taxes have become less progressive in many countries in parallel with an increase in income inequality. When performance-based compensation differentials are needed to incentivize effort, redistribution through progressive income taxes becomes less precisely...
Persistent link: https://www.econbiz.de/10012827110