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Competition and the Ratchet Effect
Charness, Gary; Kuhn, Peter; Villeval, Marie Claire - 2021
The 'ratchet effect' refers to a situation where a principal uses private information that is revealed by an agent's early actions to the agent's later disadvantage, in a context where binding multi-period contracts are not enforceable. In a simple, context-rich environment, we experimentally...
Persistent link: https://www.econbiz.de/10013324885
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Competition, Cooperation, and Corporate Culture
Kosfeld, Michael; Siemens, Ferdinand von - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
Teamwork and cooperation between workers can be of substantial value to a firm, yet thelevel of worker cooperation often varies between individual firms. We show that thesedifferences can be the result of labor market competition if workers have heterogeneouspreferences and preferences are...
Persistent link: https://www.econbiz.de/10005862582
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Competition, Cooperation, and Corporate Culture
Kosfeld, Michael; von Siemens, Ferdinand - 2021
: selfish workers who only respond to monetary incentives, and conditionally cooperative workers who might voluntarily provide …-select into firms that differ in their incentives as well as their resulting level of team work. Our model can explain why firms …
Persistent link: https://www.econbiz.de/10013316936
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Resource Allocation and Firm Scope
Friebel, Guido; Raith, Michael - 2021
leads to weaker incentives for effort, compared with nonintegration. Our theory makes minimal assumptions about the … division managers. The division managers' job is to create profitable investment projects. Giving the managers incentives to do …' incentives. The resulting tradeoff between a better use of resources and diminished incentives for effort determines whether …
Persistent link: https://www.econbiz.de/10013317478
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It Hurts to Ask
Bénabou, Roland; Jaroszewicz, Ania; Loewenstein, George - 2022
We analyze the offering, asking, and granting of help or other benefits as a three-stage game with bilateral private information between a person in need of help and a potential help-giver. Asking entails the risk of rejection, which can be painful: since unawareness of the need can no longer be...
Persistent link: https://www.econbiz.de/10014076462
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Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment : Thirty Years on
MacLeod, W. Bentley; Malcomson, James M. - 2023
"Implicit Contracts, incentive compatibility, and involuntary unemployment" (MacLeod and Malcomson, 1989) remains our most highly cited work. We briefly review the development of this paper and of our subsequent related work, and conclude with reflections on the future of relational contract...
Persistent link: https://www.econbiz.de/10014254947
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Which Institutions Encourage Entrepreneurs to Create Larger Firms?
Estrin, Saul - 2011
We develop entrepreneurship and institutional theory to explain variation in different types of entrepreneurship across individuals and institutional contexts. Our framework generates hypotheses about the negative impact of higher levels of corruption, weaker property rights and especially...
Persistent link: https://www.econbiz.de/10013129940
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Better Means More : Property Rights and High-Growth Aspiration Entrepreneurship
Estrin, Saul - 2009
This paper contrasts the determinants of entrepreneurial entry and high-growth aspiration entrepreneurship. Using the Global Entrepreneurship Monitor (GEM) surveys for 42 countries over the period 1998-2005, we analyse how institutional environment and entrepreneurial characteristics affect...
Persistent link: https://www.econbiz.de/10013155593
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Breaking Gender Barriers : Experimental Evidence on Men in Pink-Collar Jobs
Delfino, Alexia - 2021
Traditionally female-dominated sectors are growing and male-dominated ones shrinking, yet sectorial male shares are not changing. Why? I embed a field experiment within the UK national recruitment program for social workers to analyse barriers to men's entry and the nature of men's sorting into...
Persistent link: https://www.econbiz.de/10013248071
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Why Join a Team?
Cooper, David J. - 2019
We present experiments exploring why high ability workers join teams with less able co-workers when there are no short-term financial benefits. We distinguish between two explanations: pro-social preferences and expected long-term financial gains from teaching future teammates. Participants...
Persistent link: https://www.econbiz.de/10012863364