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A Behavioral Account of the Labor Market : The Role of Fairness Concerns
Fehr, Ernst - 2008
In this paper, we argue that important labor market phenomena can be better understood if one takes (i) the inherent incompleteness and relational nature of most employment contracts and (ii) the existence of reference-dependent fairness concerns among a substantial share of the population into...
Persistent link: https://www.econbiz.de/10012768171
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Competition and Educational Productivity : Incentives Writ Large
MacLeod, W. Bentley - 2012
on incentives and incomplete contracts (beginning with many contributions also from the 1950s) leads to a more nuanced … expectation. Specifically, an examination of the incentives faced by schools, parents, and students leads to predictions that are …
Persistent link: https://www.econbiz.de/10013096438
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Market Characteristics, Intra-Firm Coordination, andthe Choice of Human Resource Management Systems:Evidence from New Japanese Data
Kato, Takao; Owan, Hideo - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
coordination within the organization and the structure of organizationand bundling of HRMPs (Human Resource Management Practices …
Persistent link: https://www.econbiz.de/10008939754
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The Consequences of a Piece Rate on Quantity and Quality : Evidence from a Field Experiment
Heywood, John S. - 2013
This field experiment examines output quantity and quality for workers in a data input business. We observe two sets of workers that differ in monitoring intensity as they move from time to piece rates. The application of piece rates increases quantity, and we find that the resultant quality can...
Persistent link: https://www.econbiz.de/10013074166
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On the 'Adverse Selection' of Organizations
Kräkel, Matthias - 2006
According to New Institutional Economics, two or more individuals will found an organization, if it leads to a benefit compared to market allocation. A natural consequence will then be internal rent seeking. We discuss the interrelation between profits, rent seeking and the foundation of...
Persistent link: https://www.econbiz.de/10012779115
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Organizational Barriers to Technology Adoption : Evidence from Soccer-Ball Producers in Pakistan
Atkin, David - 2015
puzzlingly low. We hypothesize that an important reason for the lack of adoption is a misalignment of incentives within firms … positive effect on adoption. We interpret the results as supportive of the hypothesis that misalignment of incentives within …
Persistent link: https://www.econbiz.de/10013016271
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Market Characteristics, Intra-Firm Coordination, and the Choice of Human Resource Management Systems : Evidence from New Japanese Data
Kato, Takao; Owan, Hideo - 2021
coordination within the organization and the structure of organization and bundling of HRMPs (Human Resource Management Practices … characteristics and its choice of HRMP system. We begin with constructing a team-theoretic model and derive three task coordination … modes: vertical control, horizontal coordination, and hybrid coordination. The model provides rich implications about …
Persistent link: https://www.econbiz.de/10013316773
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Firm Size, Economic Situation and Influence Activities
Kräkel, Matthias - 2021
This paper discusses the optimal firm size in the presence of influence activities, and the level of individual rent-seeking dependent on the economic situation of the firm. Since firm size has a discouraging effect on the level of individual rent-seeking but also a quantity effect as the number...
Persistent link: https://www.econbiz.de/10013317359
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Contracts as Reference Points : Experimental Evidence
Fehr, Ernst - 2009
In a recent paper, Hart and Moore (2008) introduce new behavioral assumptions that can explain long term contracts and important aspects of the employment relation. However, so far there exists no direct evidence that supports these assumptions and, in particular, Hart and Moore's notion that...
Persistent link: https://www.econbiz.de/10012765614
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On the Economics and Biology of Trust
Fehr, Ernst - 2008
In recent years, many social scientists have claimed that trust plays an important role in economic and social transactions. Despite its proposed importance, the measurement and the definition of trust seem to be not fully settled, and the identification of the exact role of trust in economic...
Persistent link: https://www.econbiz.de/10012768177