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damage the work climate. We show that both team incentives and relative incentives can help to create a good work climate …
Persistent link: https://www.econbiz.de/10003909134
We investigate a team setting in which workers have different degrees of commitment to the outcome of their work. We … show that if there are complementarities in production and if the team manager has some information about team members … identifies that team governance is driven by the importance of tasks that cannot be monitored. The more important these tasks …
Persistent link: https://www.econbiz.de/10003578893
a simple model of team production we examine the interplay of different types of contracts with social norms. We show …
Persistent link: https://www.econbiz.de/10009154576
provision are remarkably accurate. We also present experimental findings from three classic experiments, namely, team production … induced values, which is useful for theory-testing purposes as well as for applications. …
Persistent link: https://www.econbiz.de/10010528809
To innovate, employees need to develop novel ideas and coordinate with each other to turn these ideas into better products and services. Work outcomes provide signals about employees' abilities to the labor market, and therefore career concerns arise. These can both be 'good' (enhancing...
Persistent link: https://www.econbiz.de/10003816581
contract theory and are more in line with empirical findings than standard results. We find: First, inequity aversion alters … simple rationale for team based incentives in many environments. Fourth, the Sufficient Statistics Result is violated …. Dependent on the environment, optimal contracts may be either overdetermined or incomplete. -- contract theory ; linear …
Persistent link: https://www.econbiz.de/10003011503
. We consider both a piece rate compensation scheme, where pay depends solely on own performance, and a team compensation … scheme, where pay also depends on the performance of other team members. Overall, we find some evidence that subjects who are … observed increase productivity at least initially when compensation is team based, while we find that subjects observing react …
Persistent link: https://www.econbiz.de/10009777770
The inclination of individuals to improve their performance when it lags behind that of others with whom they naturally compare themselves can be harnessed to optimize the individuals' effort in work and study. In a given set of individuals, we characterize each individual by his relative...
Persistent link: https://www.econbiz.de/10012419100
Optimal team composition has been the focus of exhaustive analysis, academic and otherwise. Yet, much of this analysis … has ignored possible dynamic effects: e.g., anticipating that team formation is based on prior performance will affect … work individually without monetary incentives and are then assigned to teams of two where compensation is based on team …
Persistent link: https://www.econbiz.de/10011594146
We study how help can be fostered by means of a team bonus in the presence of rank-order tournaments. In a simple model … we combine elements of relative rewards and a team bonus and study their effect on effort, help and sabotage. Quite … intuitively the theoretical analysis suggests that team members help less as relative rewards increase. This problem is mitigated …
Persistent link: https://www.econbiz.de/10011997551