Similar Search Results

How important are risk-taking incentives in executive compensation?

Dittmann, Ingolf; Yu, Ko-Chia - 2009

This paper investigates whether observed executive compensation contracts are designed to provide risk-taking incentives in addition to effort incentives. We develop a stylized principal-agent model that captures the interdependence between firm risk and managerial incentives. We calibrate the...

Persistent link: https://www.econbiz.de/10011378949

Paid to quit

Dur, Robert A. J.; Schmittdiel, Heiner - 2013

Inspired by a recent observation about an online retail company, this paper explains why a firm may find it optimal to offer an exit bonus to recent hires so as to induce self-selection. We study a double adverse selection problem, in which the principal can neither observe agents’ commitment...

Persistent link: https://www.econbiz.de/10010224783

Catching hipo's : screening, wages and unemployment

Janssen, Maarten C. W. - 2000

, therefore,says that a firm sets higher wages, the higher unemployment. As themodel is applicable tothe upper segment of the …In this paper, I study the wage a firm sets to attract high abilityworkers (hipo's) in situationsof unemployment. I … show that the higher unemployment, the larger afirm's incentives to sorthigh and low ability workers. Moreover, workers …

Persistent link: https://www.econbiz.de/10011303310

Catching Hipo's: screening, wages and unemployment

Janssen, Maarten C. W. - 2000

Persistent link: https://www.econbiz.de/10001472921

Catching hipo's: screening, wages and unemployment

Janssen, Maarten C. W.; Makansi, K. Henry; Morrison, … - 1998

Persistent link: https://www.econbiz.de/10000984702

From public monopsony to competitive market : more efficiency but higher prices

Delfgaauw, Josse; Dur, Robert A. J. - 2002

This paper examines the consequences of creating a fully competitive market in a sector previously dominated by a cost-minimizing public firm. Workers in the economy are heterogeneous in their intrinsic motivation to work in the sector. In line with empirical findings, our model implies that...

Persistent link: https://www.econbiz.de/10011327829