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Relational Incentive Contracts with Persistent Private Information
Malcomson, James M. - 2015
This paper investigates relational incentive contracts with continuous, privately-observed agent types that are persistent over time. With fixed agent types, full separation is not possible when continuation equilibrium payoffs following revelation are on the Pareto frontier of attainable...
Persistent link: https://www.econbiz.de/10013018191
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Optimal Contracting with Endogenous Project Mission
Cassar, Lea - 2017
I analyze a model in which a principal offers a contract to an agent and can influence the agent's marginal return of effort by the choice of the project mission. The principal's and the agents' mission preferences are misaligned, and the agents have unobservable intrinsic motivation levels. I...
Persistent link: https://www.econbiz.de/10012966930
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Social Interaction, Co-Worker Altruism, and Incentives
Dur, Robert; Sol, Joeri - 2021
colleagues, which in turn creates co-worker altruism. We study how financial incentives for productive activities can improve or …
Persistent link: https://www.econbiz.de/10013316438
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The Development of Egalitarianism, Altruism, Spite and Parochialism in Childhood and Adolescence
Fehr, Ernst; Glätzle-Rützle, Daniela; Sutter, Matthias - 2021
a strong decrease in spitefulness with increasing age. Egalitarianism becomes less frequent, and altruism much more …
Persistent link: https://www.econbiz.de/10013316068
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Ethnic Diversity and Preferences for Redistribution
Dahlberg, Matz - 2011
In recent decades, the immigration of workers and refugees to Europe has increased substantially, and the composition of the population in many countries has consequently become much more heterogeneous in terms of ethnic background. If people exhibit in-group bias in the sense of being more...
Persistent link: https://www.econbiz.de/10013130420
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Drawbridges Down : Altruism and Immigration Preferences
Hansen, Ole-Petter; Legge, Stefan - 2021
This paper advances and empirically establishes the idea that altruism is an important determinant of individual …
Persistent link: https://www.econbiz.de/10013315474
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Optimal Contracts for Discouraging Deforestation with Risk Averse Agents
Mason, Charles F. - 2018
There is an emerging consensus that carbon emissions must be limited. An attractive approach to promoting carbon reductions is to encourage reductions in deforestation. But any such strategy must confront a basic problem: agents that might be induced to reduce their actions which would reduce...
Persistent link: https://www.econbiz.de/10012914953
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CEO Preferences and Acquisitions
Jenter, Dirk - 2011
This paper explores the impact of target CEOs' retirement preferences on the incidence, the pricing, and the outcomes of takeover bids. Mergers frequently force target CEOs to retire early, and CEOs' private merger costs are the forgone benefits of staying employed until the planned retirement...
Persistent link: https://www.econbiz.de/10013117262
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Flexible Contracts
Gottardi, Piero - 2012
This paper studies the costs and benefits of delegating decisions to superiorly informed agents relative to the use of rigid, non discretionary contracts. Delegation grants some flexibility in the choice of the action by the agent, but also requires the use of an appropriate incentive contract...
Persistent link: https://www.econbiz.de/10013116425
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Gift-Exchange, Incentives, and Heterogeneous Workers
Non, Arjan - 2011
altruistic. Absent worker heterogeneity, an altruistic principal signals his altruism by offering relatively weak incentives and … a relatively high expected total compensation. However, the latter is not always required to credibly signal altruism …. Furthermore, since some workers do not reciprocate the principal's altruism, the principal may find it optimal to write a contract …
Persistent link: https://www.econbiz.de/10013121201