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More effort with less pay : on information avoidance, belief design and performance
Huck, Steffen; Szech, Nora; Wenner, Lukas M. - 2015 - June 2015, revised September 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/10011340265
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More effort with less pay : on information avoidance, optimistic beliefs, and performance
Huck, Steffen; Szech, Nora; Wenner, Lukas M. - 2017
Recent behavioral models argue in favor of avoidance of instrumental information. We explore the role of information avoidance in a real-effort setting. Our experiment offers three main results. First, we confirm that preferences for avoidance of instrumental information exist, studying...
Persistent link: https://www.econbiz.de/10011751477
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Unemployment insurance and cultural transmission : theory and application to European unemployment
Michau, Jean-Baptiste (contributor) - 2009
This paper emphasizes the two-way causality between the provision of unemployment insurance and the cultural … generate a lag between the introduction of unemployment insurance and a deterioration of the work ethic. Relying on a … calibration, I argue that it can account for a substantial fraction of the history of European unemployment since World War II. As …
Persistent link: https://www.econbiz.de/10003868513
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The optimal timing of UI benefits : theory and evidence from Sweden
Kolsrud, Jonas; Landais, Camille; Nilsson, J. Peter; … - 2015
Persistent link: https://www.econbiz.de/10011296871
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Performance pay for teachers : linking individual and organisational-level targets
Marsden, David (contributor); Belfield, Richard (contributor) - 2005
Persistent link: https://www.econbiz.de/10003053973
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The motivational cost of inequality : pay gaps reduce the willingness to pursue rewards
Gesiarz, Filip; De Neve, Jan-Emmanuel; Sharot, Tali - 2019
Persistent link: https://www.econbiz.de/10012180902
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The efficacy of tournaments for non-routine team tasks
Englmaier, Florian; Grimm, Stefan; Grothe, Dominik; … - 2023
Tournaments are often used to improve performance in innovation contexts. Tournaments provide monetary incentives but also render teams' identity and image concerns salient. We study the effects of tournaments on team performance in a non-routine task and identify the importance of these...
Persistent link: https://www.econbiz.de/10014495030
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Subjective evaluation versus public information
Bester, Helmut; Münster, Johannes - 2013
This paper studies a principal-agent relation in which the principal's private information about the agent's effort choice is more accurate than a noisy public performance measure. For some contingencies the optimal contract has to specify ex post inefficiencies in the form of inefficient...
Persistent link: https://www.econbiz.de/10009752336
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Credence goods, costly diagnosis, and subjective evaluation
Bester, Helmut; Dahm, Matthias - 2014
We study contracting between a consumer and an expert. The expert can invest in diagnosis to obtain a noisy signal about whether a low-cost service is sufficient or whether a high-cost treatment is required to solve the consumerś problem. This involves moral hazard because diagnosis effort and...
Persistent link: https://www.econbiz.de/10010429934
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Misappropriation of R&D subsidies : estimating treatment effects with one-sided noncompliance
Boeing, Philipp; Peters, Bettina - 2021
Persistent link: https://www.econbiz.de/10012818352