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competition in the product market may drive skilled and unskilled workers together, even though unskilled workers use their …
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than in the stable environment. This finding is in line with standard agency theory and contrasts a distinct element of … expectancy theory; noisier performance measures do not lower work motivation. …
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noise in the performance measure. In contrast, expectancy theory as developed by psychologists predicts lower effort levels …
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We study optimal incentive contracts for workers who are reciprocal to management attention. When neither worker's effort nor manager's attention can be contracted, a double moral-hazard problem arises, implying that reciprocal workers should be given weak financial incentives. In a...
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