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bargaining, leading to stronger effort incentives and higher output. However, it also reduces incentives for labor market …
Persistent link: https://www.econbiz.de/10013316365
restore the efficiency of equilibria …
Persistent link: https://www.econbiz.de/10013116475
interaction between the incentive-compatibility and participations constraints may cause countervailing incentives. In important …
Persistent link: https://www.econbiz.de/10013130418
The increase of fuel extraction costs as well as of temperature will make it likely that in the medium-term future technological or political measures against global warming may be implemented. In assessments of a current climate policy the possibility of medium-term future developments like...
Persistent link: https://www.econbiz.de/10013093629
Prior work has demonstrated that prosocial incentives – where individuals' effort benefits a charitable organization … – can be more effective than standard incentives, particularly when the stakes are low. Yet, little is known about the … effectiveness of prosocial incentives on people's decisions to participate or opt-in to the incentivized activity in the first place …
Persistent link: https://www.econbiz.de/10012926542
We derive the optimal contract between a principal and a liquidity-constrained agent in a stochastically repeated environment. The contract comprises a court-enforceable explicit bonus rule and an implicit fixed salary promise that must be self-enforcing. Since the agent's rent increases with...
Persistent link: https://www.econbiz.de/10013159705
This paper investigates the relationship between electoral incentives, institutions and corruption. We assume that …. Under relative performance evaluation, dynamic incentives impose more restriction on rent appropriation in comparison to the …
Persistent link: https://www.econbiz.de/10012771407
We derive determinants of tax avoidance by means of a multi-task principal-agent model. We extend prevailing models by integrating both corporate and individual income taxation as well as by including tax planning effort in the agent's action portfolio. Our model shows novel and apparently...
Persistent link: https://www.econbiz.de/10013051278
-sharing selective incentives …
Persistent link: https://www.econbiz.de/10013051619
incentives under limited commitment. It circumvents ratchet effects and facilitates the revelation of persistent private …, it is optimal when uncertainty about operational efficiency is large. Moreover, delegation is more effective with …
Persistent link: https://www.econbiz.de/10013053709