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Discrete innovation, continuous improvement, and competitive pressure

Ghosh, Arghya (contributor); Kato, Takao (contributor); … - 2007

Does competitive pressure foster innovation? In addressing this important question, prior studies ignored a distinction … between discrete innovation aiming at entirely new technology and continuous improvement consisting of numerous incremental … innovation will lead to a much richer understanding of the interplay between firms’ incentives to innovate and competitive …

Persistent link: https://www.econbiz.de/10003571666

Competition and educational productivity : incentives writ large

MacLeod, William Bentley; Urquiola Soux, Miguel - 2012

to be more mixed and modest than expected. We suggest that this in fact should not be surprising, since economic theory …

Persistent link: https://www.econbiz.de/10009686878

Incentive complexity, bounded rationality and effort provision

Abeler, Johannes; Huffman, David; Raymond, Collin - 2023

Using field and laboratory experiments, we demonstrate that the complexity of incentive schemes and worker bounded rationality can affect effort provision, by shrouding attributes of the incentives. In our setting, complexity leads workers to over-provide effort relative to a fully rational...

Persistent link: https://www.econbiz.de/10014311541

Employment effects of welfare reforms : evidence from a dynamic structural life-cycle model

Haan, Peter (contributor); Prowse, Victoria (contributor); … - 2008

In this paper we develop a dynamic structural life-cycle model of labor supply behavior which fully accounts for the effect of income tax and transfers on labor supply incentives. Additionally, the model recognizes the demand side driven rationing risk that might prevent individuals from...

Persistent link: https://www.econbiz.de/10003716521

Deception and incentives: how dishonesty undermines effort provision

Ederer, Florian (contributor); Fehr, Ernst (contributor) - 2007

In this paper we show that subtle forms of deceit undermine the effectiveness of incentives. We design an experiment in which the principal has an interest in underreporting the true performance difference between the agents in a dynamic tournament. According to the standard approach, rational...

Persistent link: https://www.econbiz.de/10003646717

An incentive theory of matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are …

Persistent link: https://www.econbiz.de/10003832116

Gift exchange and workers' fairness concerns : when equality is unfair

Abeler, Johannes; Altmann, Steffen; Kube, Sebastian; … - 2009

We study how different payment modes influence the effectiveness of gift exchange as a contract enforcement device. In particular, we analyze how horizontal fairness concerns affect performance and efficiency in an environment characterized by contractual incompleteness. In our experiment, one...

Persistent link: https://www.econbiz.de/10003863658

Reputation and credit market formation : how relational incentives and legal contract enforcement interact

Fehr, Ernst; Zehnder, Christian - 2009

The evidence suggests that relational contracting and legal rules play an important role in credit markets but on the basis of the prevailing field data it is difficult to pin down their causal impact. Here we show experimentally that relational incentives are a powerful causal determinant for...

Persistent link: https://www.econbiz.de/10003884085

Incentives and the allocation of effort over time : the joint role of affective and cognitive decision making

Goette, Lorenz (contributor); Huffman, David (contributor) - 2006

We use natural experiments plausibly exogenous, anticipated increases in the piece rate to study how effort responds to incentives. Our first finding, like some previous studies, lends little support to the view that incentives increase effort: raising the piece rate has zero effect on total...

Persistent link: https://www.econbiz.de/10003489059

Incentive design and trust : comparing the effects of tournament and team-based incentives on trust

Oxoby, Robert J. (contributor); … - 2008

We explore the extent to which the structure of incentives affects trust. We hypothesize that the degree to which different incentive mechanisms emphasize competition (via the perceived intentions of others) and entitlements (via the perceived property rights) will affect individuals' subsequent...

Persistent link: https://www.econbiz.de/10003684466