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damage the work climate. We show that both team incentives and relative incentives can help to create a good work climate. We …
Persistent link: https://www.econbiz.de/10003791765
provision are remarkably accurate. We also present experimental findings from three classic experiments, namely, team production …
Persistent link: https://www.econbiz.de/10010518803
tasks. We analyze the effects of the salience of incentives in a team production setting where the principal has an interest …, reduces quality, and increases in-pocket income of team managers. -- incentives ; attention ; salience ; communication ; field …
Persistent link: https://www.econbiz.de/10009514750
Contests between groups are plagued by intra-group externalities (freeriding). Yet, costless incentive schemes that entirely avoid free-riding within a group might not be desirable, neither individually nor socially. In contests among two groups, a relatively weak (i.e., small or unproductive)...
Persistent link: https://www.econbiz.de/10008653415
. We consider both a piece rate compensation scheme, where pay depends solely on own performance, and a team compensation … scheme, where pay also depends on the performance of other team members. Overall, we find some evidence that subjects who are … observed increase productivity at least initially when compensation is team based, while we find that subjects observing react …
Persistent link: https://www.econbiz.de/10010229865
. Incentives did not reduce performance there either. Comparing individuals with groups we find that team-work facilitates creative …
Persistent link: https://www.econbiz.de/10009786022
observable. A team incentive scheme, where each agent is paid a bonus for aggregate output above a threshold, is optimal in case … (a). The team's efficiency may increase considerably with size if outputs are negatively correlated. Under (b) a … performance. The two cases reveal that it may be optimal to organize production as a team where only aggregate output is …
Persistent link: https://www.econbiz.de/10010349864
We study the role of information exchange, leadership and coordination in team or partnership structures. For this … purpose, we view individuals jointly engaging in productive processes-a "team"-as endowed with individual and privately held … information on the joint production process. Once individual information is shared, team members decide individually on the effort …
Persistent link: https://www.econbiz.de/10010405163
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/10003763282
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/10003807766