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Gautier, Axel; Paolini, Dimitri - 2000

Persistent link: https://www.econbiz.de/10001512101

Anti-corruption campaign in China : an empirical investigation

Yang, Li; Milanović, Branko; Lin, Yaoqi - 2023

database of officials who have been found guilty of corruption in China in the period 2012-21 with their personal … characteristics and the amount of embezzled funds. We use it to investigate the correlates of corruption, estimate the effects of … corruption on inequality, and find the expected increase in officials’ income due to corruption and the gain in income …

Persistent link: https://www.econbiz.de/10014440105

Delegation and recruitment in organizations : the slippery slope to "bad" leadership

Çakır, Selcen; Matakos, Konstantinos; Tukiainen, Janne - 2022

We construct a dynamic model of two-sided sorting in labor markets with multi-dimensional agent and firm heterogeneity. We apply it to study optimal party structure and the decision of how (de)centralized candidate recruitment should be. Parties are non-unitary actors and compete at the local...

Persistent link: https://www.econbiz.de/10014229853

The 2016 Nobel Memorial Prize in contract theory

Schmidt, Klaus M. - 2017

Nobel for their fundamental contributions to contract theory. This article offers a short summary and discussion of their …

Persistent link: https://www.econbiz.de/10011626725

Does a short-term increase in incentives boost performance?

Angelova, Vera; Giebe, Thomas; Ivanova-Stenzel, Radosveta - 2017

If agents are exposed to continual competitive pressure, how does a short-term variation of the severity of the competition affect agents' performance? In a real-effort laboratory experiment, we study a one-time increase in incentives in a sequence of equally incentivized contests. Our results...

Persistent link: https://www.econbiz.de/10011895040

Reciprocity in dynamic employment relationships

Fahn, Matthias - 2019

This paper explores the optimal provision of dynamic incentives for employees with reciprocal preferences. Building on the presumption that a relational contract can establish a norm of reciprocity, I show that generous upfront wages that activate an employee’s reciprocal preferences are more...

Persistent link: https://www.econbiz.de/10012126237

Deterministic versus stochastic contracts in a dynamic principal-agent model

Mettral, Thomas - 2018

I show that deterministic dynamic contracts between a principal and an agent are always at least as profitable to the principal as stochastic ones, if the so-called first-order approach in dynamic mechanism design is satisfied. The principal commits, while the agent's type evolution follows a...

Persistent link: https://www.econbiz.de/10011901976

Of restarts and shutdowns : dynamic contracts with unequal discounting

Krasikov, Ilia; Lamba, Rohit; Mettral, Thomas - 2018

A large supplier (principal) contracts with a small firm (agent) to repeatedly provide working capital in return for payments. The total factor productivity of the agent is private and follows a Markov process. Moreover, the agent is less patient than the principal. We solve for the optimal...

Persistent link: https://www.econbiz.de/10011901979

Stochastic contracts and subjective evaluations

Lang, Matthias - 2022

Subjective evaluations are widely used, but call for different contracts from classical moral-hazard settings. Previous literature shows that contracts require payments to third parties. I show that the (implicit) assumption of deterministic contracts makes payments to third parties necessary....

Persistent link: https://www.econbiz.de/10014458796

Relative performance contracts versus group contracts with hidden savings

Archawa Paweenawat - 2022

Persistent link: https://www.econbiz.de/10013262820

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