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Reelection threshold contracts in politics
Gersbach, Hans; Liessem, Verena - 2001
When politicians are provided with insufficient incentives by the democratic election mechanism, we show that social welfare can be improved by threshold contracts. A threshold incentive contract stipulates a performance level which a politican must reach in order to have the right to stand for...
Persistent link: https://www.econbiz.de/10011408440
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Strict incentives and strategic uncertainty
Carlsson, Hans; Wichardt, Philipp C. - 2019 - This Version: June 10, 2019
This paper proposes a comprehensive perspective on the question of self-enforcing solutions for normal form games. While this question has been widely discussed in the literature, the focus is usually either on strict incentives for players to stay within the proposed solution or on strategic...
Persistent link: https://www.econbiz.de/10012029170
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CEO compensation : evidence from the field
Edmans, Alex; Gosling, Tom; Jenter, Dirk - 2021
We survey directors and investors on the objectives, constraints, and determinants of CEO pay. 67% of directors would sacrifice shareholder value to avoid controversy on CEO pay, implying they face significant constraints other than participation and incentive compatibility. These constraints...
Persistent link: https://www.econbiz.de/10012584217
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Fairness, incentives and contractual incompleteness
Fehr, Ernst; Klein, Alexander; Schmidt, Klaus M. - 2001
We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral hazard context. Incentive contracts that are optimal when there are only selfish actors become inferior when some agents are concerned about fairness. Conversely, contracts that...
Persistent link: https://www.econbiz.de/10011398105
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Incentives to motivate
Kvaløy, Ola; Schöttner, Anja - 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/10010250173
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Incentive and signaling effects of bonus payments : an experiment in a company
Deversi, Marvin; Spantig, Lisa - 2023
, using a sample of managers and employees from a large company. We exogenously vary whether managers are informed about … matched to informed managers learn that the manager could base their incentive choice on cooperation levels. We find no … information. The absence of the signaling effect seems related to the perception of managers' intentions, a mitigating but …
Persistent link: https://www.econbiz.de/10014227737
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Gender differences in competitiveness : the role of social incentives
Drouvelis, Michalis; Rigdon, Mary L. - 2022
schemes: piece rate and a winner-take-all tournament. We introduce social incentives by informing individuals that 50% of … social incentives, women increase their performance by approximately 23% and 27% in the piece rate and tournament payment …
Persistent link: https://www.econbiz.de/10012798210
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Self-control at work
Kaur, Supreet; Kremer, Michael; Mullainathan, Sendhil - In: Journal of political economy 123 (2015) 6, pp. 1227-1277
Persistent link: https://www.econbiz.de/10011429906
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More effort with less pay : on information avoidance, belief design and performance
Huck, Steffen; Szech, Nora; Wenner, Lukas M. - 2015
In a tedious real effort task, subjects know that their piece rate is either low or ten times higher. When subjects are informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this instrumental information when given the choice - and...
Persistent link: https://www.econbiz.de/10011346303
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Incentives and creativity in groups
Ramm, Joachim; Tjøtta, Sigve; Torsvik, Gaute - 2013
It has been argued that monetary incentives restrain individual creativity and hamper performance in jobs requiring out of the box thinking. This paper reports from an experiment designed to test if the negative incentive effect is present also when individuals work together to solve such...
Persistent link: https://www.econbiz.de/10009786022