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Information, Coordination, and the Industrialization of Countries

Englmaier, Florian; Reisinger, Markus - CESifo - 2006

appropriate information provision enhances efficiency. We discuss extensions of the model and argue that subsidies may be a … property of a signalling equilibrium to overcome credibility problems in information provision. In addition we point out … possible problems with overreaction to public information. Furthermore, we suggest a new focus for development policy. …

Persistent link: https://www.econbiz.de/10005094193

Long-Term Employment Relations When Agents are Present Biased

Englmaier, Florian - 2016

We analyze how agents' present bias affects optimal contracting in an infinite-horizon employment setting. The principal maximizes profits by offering a menu of contracts to naive agents: a virtual contract - which agents plan to choose in the future - and a real contract which they end up...

Persistent link: https://www.econbiz.de/10012978071

Worker Characteristics and Wage Differentials: Evidence from a Gift-Exchange Experiment

Englmaier, Florian; Strasser, Sebastian; Winter, Joachim - CESifo - 2011

measures of workers’ productivity and trustworthiness and make this information available to potential employers. Our data show …

Persistent link: https://www.econbiz.de/10009364733

Contractual and Organizational Structure with Reciprocal Agents

Englmaier, Florian; Leider, Stephen - 2021

Empirically, compensation systems generate substantial effort despite weak monetary incentives. We consider reciprocal motivations as a source of incentives. We solve for the optimal contract in the basic principal-agent problem and show that reciprocal motivations and explicit performance-based...

Persistent link: https://www.econbiz.de/10013316554

Contractual and Organizational Structurewith Reciprocal Agents

Englmaier, Florian; Leider, Stephen G. - CESifo - 2008

Persistent link: https://www.econbiz.de/10005766075

The Effect of Incentives in Non-Routine Analytical Teams Tasks - Evidence from a Field Experiment

Englmaier, Florian - 2018

Despite the prevalence of non-routine analytical team tasks in modern economies, little is known about how incentives influence performance in these tasks. In a field experiment with more than 3000 participants, we document a positive effect of bonus incentives on the probability of completion...

Persistent link: https://www.econbiz.de/10012921301

Gift Exchange in the Lab - It is Not (Only) How Much You Give...

Englmaier, Florian - 2010

vary the wage and the effect of the worker's effort on the manager's payoff. Furthermore we collect additional information …

Persistent link: https://www.econbiz.de/10013147790

When protection becomes exploitation : the impact of firing costs on present-biased employees

Englmaier, Florian; Fahn, Matthias; Glogowsky, Ulrich; … - 2023

Employment protection harms early-career employees without benefitting them in later career stages (Leonardi and Pica, 2013). We demonstrate that this pattern can result from employers exploiting na¨ıve present-biased employees. Employers offer a dynamic contract with low early-career wages,...

Persistent link: https://www.econbiz.de/10014512416

Managerial Payoff and Gift Exchange in the Field

Englmaier, Florian; Leider, Stephen G. - CESifo - 2012

’s ability to “repay the gift”. We collect information on ability to control for differences and on reciprocal inclination to …

Persistent link: https://www.econbiz.de/10009421689

Gift Exchange in the Lab - It is not (only) how much you give ...

Englmaier, Florian; Leider, Stephen G. - CESifo - 2010

vary the wage and the effect of the worker’s effort on the manager’s payoff. Furthermore we collect additional information …

Persistent link: https://www.econbiz.de/10008533996