Similar Search Results

Incentives and workers' motivation in the public sector : presented at CESifo Area Conference on Public Sector Economics, May 2004

Delfgaauw, Josse; Dur, Robert A. J. - 2004

Civil servants have a bad reputation of being lazy. However, citizens' personal experiences with civil servants appear to be significantly better. We develop a model of an economy in which workers differ in laziness and in public service motivation, and characterise optimal incentive contracts...

Persistent link: https://www.econbiz.de/10011449658

Implicit vs. explicit incentives : theory and a case study

Demougin, Dominique; Fabel, Oliver; Thomann, Christian - 2009

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/10003850322

When unemployment disappears : Ireland in the 1990s

Walsh, Brendan M. - 2003

This paper examines the behaviour of the Irish labour market during the 1990s. Over the course of the decade the Irish unemployment rate fell from the highest to the lowest in the EU. Over the same period a record number of jobs was created and all the indicators suggest that full employment was...

Persistent link: https://www.econbiz.de/10011514165

Combining "real effort" with induced effort costs : the ball-catching task

Gächter, Simon; Huang, Lingbo; Sefton, Martin - 2015

We introduce the "ball-catching task", a novel computerized real effort task, which combines "real" efforts with induced material cost of effort. The central feature of the ball-catching task is that it allows researchers to manipulate the cost of effort function as well as the production...

Persistent link: https://www.econbiz.de/10010518803

The persistent effect of competition on prosociality

Kosse, Fabian; Rajan, Ranjita; Tincani, Michela M. - 2023

literature on tournaments within firms, which shows that competitive compensation schemes reduce cooperation in the short-run, we …

Persistent link: https://www.econbiz.de/10014431358

Private monitoring, collusion and the timing of information

Khalil, Fahad; Lawarrée, Jacques; Scott, Troy J. - 2013

problem is to certify the private signal and make it public. When collusion between the certifier and the agent is an issue … if this certification raises the specter of collusion. …

Persistent link: https://www.econbiz.de/10010212662

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

Sustainability of product market collusion under credit market imperfections

Marjit, Sugata; Mukherjee, Arijit; Yang, Lei - 2016

We study the implications of credit constraints for the sustainability of product market collusion in a bank … degree of collusion, but a substantial increase keeps it unaffected relative to the no-constraint case. A permanent adverse … demand shock in this setup does not affect the possibility of collusion, but may aggravate financing constraints and …

Persistent link: https://www.econbiz.de/10011587934

Asymmetric information renders minimum wages less harmful

Schöb, Ronnie; Thum, Marcel - 2009

We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric information. -- minimum wages ; unemployment ; asymmetric...

Persistent link: https://www.econbiz.de/10003833327

Theories of fairness and reciprocity : evidence and economic applications

Fehr, Ernst; Schmidt, Klaus M. - 2000

Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests...

Persistent link: https://www.econbiz.de/10011397676

1
2
3
4
5
6
7
8
9
10
Next
Last