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performance of the treatment stores. As predicted by theory, treatment stores that lag far behind do not respond to the incentives … performance pay. Employees in the randomly selected treatment stores could win a bonus by outperforming three comparable stores … from the control group over the course of four weeks. Treatment stores received weekly feedback on relative performance …
Persistent link: https://www.econbiz.de/10011382591
This paper examines the effect of incentives on the performance of darts players. We analyze four data sets comprising … higher incentives, but choke when the incentives are really high. Professional players similarly display better performance … of increasing incentives as a recipe for better performance. …
Persistent link: https://www.econbiz.de/10011949171
as a wage determinant. We furthermore show that a promotion affects both intrinsic and extrinsic motivation significantly …, though in two different ways: An expected promotion increases extrinsic motivation whereas intrinsic motivation is highest … subsequent to a realized promotion. The relationship between extrinsic motivation and expected promotions implies that promotions …
Persistent link: https://www.econbiz.de/10011337995
-minimizing public firm. Workers in the economy are heterogeneous in their intrinsic motivation to work in the sector. In line with …
Persistent link: https://www.econbiz.de/10011327829
the principal can neither observe agents’ commitment to the job nor their intrinsic motivation. A steep wage …
Persistent link: https://www.econbiz.de/10010224783
motivation, and characterise optimal incentive contracts for public sector workers under different informational assumptions …
Persistent link: https://www.econbiz.de/10011335183
Persistent link: https://www.econbiz.de/10008771833
In many workplaces co-workers have the best information about each other's effort. Managers may attempt to exploit this information through peer evaluation. I study peer evaluation in a pure moral hazard model of production by two limitedly liable agents. Agents receive a signal about their...
Persistent link: https://www.econbiz.de/10011380732
-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 model to individual CEO data and show that it can explain … with the almost uniform use of at-the-money stock options. We conclude that the provision of risk-taking incentives is a …
Persistent link: https://www.econbiz.de/10011378949
Incentives based on esteem, honor and shame are increasingly popular and easy to use due to modern surveillance … Tirole (2011) to explore the effect of esteem-based incentives and their interaction with traditional monetary incentives. We … show that esteem-based incentives can indeed lead to a loss of control by generating multiple equilibria, some of which …
Persistent link: https://www.econbiz.de/10011844573