Narrow search
Showing 1 - 10 of 1,814
Cover Image
Executive Compensation : A Survey of Theory and Evidence
Edmans, Alex - 2017
This paper reviews the theoretical and empirical literature on executive compensation. We start by presenting data on the level of CEO and other top executive pay over time and across firms, the changing composition of pay; and the strength of executive incentives. We compare pay in U.S. public...
Persistent link: https://www.econbiz.de/10012949331
Cover Image
Academics Appreciate Awards - A New Aspect of Incentives in Research
Frey, Bruno S. - 2009
This paper analyzes awards as a means of motivation prevalent in the scientific community, but so far neglected in the economic literature on incentives, and discusses their relationship to monetary compensation. Awards are better suited than performance pay to reward scientific tasks, which are...
Persistent link: https://www.econbiz.de/10012765608
Cover Image
Profit Sharing, Wage Formation and Flexible Outsourcing under Labor Market Imperfection
Koskela, Erkki - 2013
We combine profit sharing and outsourcing, if the wage for worker is decided by a labor union to analyze how does the implementation of profit sharing affect individual effort and the bargained wage and thus outsourcing? We find that profit sharing and the wage level have an individual...
Persistent link: https://www.econbiz.de/10013095155
Cover Image
Do Managers with Limited Liability Take More Risky Decisions? An Information Acquisition Model
Malcomson, James M. - 2021
Risk-neutral individuals take more risky decisions when they have limited liability. Risk-neutral managers may not when … acting as agents under contract and taking costly actions to acquire information before taking decisions. Limited liability …
Persistent link: https://www.econbiz.de/10013316254
Cover Image
The Effect of Adversity on Process Innovations and Managerial Incentives
Dostie, Benoit; Jayaraman, Rajshri - 2021
improving efficiency …
Persistent link: https://www.econbiz.de/10013316356
Cover Image
Flexible Contracts
Gottardi, Piero - 2012
requires the use of an appropriate incentive contract so as to realign his interests with those of the principal. The parties … of the optimal flexible contract both when the parties have sharp probabilistic beliefs over the possible events in which … risk aversion, the higher the agency costs for delegation and hence the less profitable is a flexible contract versus a …
Persistent link: https://www.econbiz.de/10013116425
Cover Image
Social Relations and Relational Incentives
Dur, Robert - 2012
This paper studies how social relationships between managers and employees affect relational incentive contracts. To … each other. The contract may contain two types of incentives for the agent to work hard: a bonus and a threat of dismissal …
Persistent link: https://www.econbiz.de/10013105146
Cover Image
Hidden Benefits of Reward : A Field Experiment on Motivation and Monetary Incentives
Kvaloy, Ola - 2013
We conduct a field experiment in a controlled work environment to investigate the effect of motivational talk and its interaction with monetary incentives. We find that motivational talk significantly improves performance only if it is accompanied by performance pay. Moreover, performance pay...
Persistent link: https://www.econbiz.de/10013075962
Cover Image
What is an Award Worth? An Econometric Assessment of the Impact of Awards on Employee Performance
Neckermann, Susanne - 2010
Behavioral economics documents the importance of status and self-image concerns in the workplace, but is largely silent about how to instrumentalize them to induce effort. Awards - widespread in the corporate sector and elsewhere - are motivators that derive their value from such social...
Persistent link: https://www.econbiz.de/10013152722
Cover Image
Incentives to Motivate
Kvaloy, Ola - 2014
We present a model in which a motivator can take costly actions - or what we call motivational effort - in order to reduce the effort costs of a worker, and analyze the optimal combination of motivational effort and monetary incentives. We distinguish two cases. First, the firm owner chooses the...
Persistent link: https://www.econbiz.de/10013057261