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Economic theory predicts that agents will work harder if they believe in the "mission" of the organization. Well … real effort experiment with participants who work directly for organizations with clear missions. Weeks before the … experiment, we survey potential participants for their organizational preferences. At the experiment, we randomly assign workers …
Persistent link: https://www.econbiz.de/10013076153
This paper studies the impact of incentives on worker self-selection in a controlled laboratory experiment. In a first … of multi-dimensional sorting, i.e., the tendency for different incentive schemes to systematically attract people with …
Persistent link: https://www.econbiz.de/10012780523
the selection and incentive effects of pay schemes are so far thin on the ground. In addition, these effects may be … experiment that analyzes the influence of other-regarding preferences on sorting and incentives. Experimental evidence shows that …
Persistent link: https://www.econbiz.de/10013319186
A real effort experiment is investigated in which supervisors have to rate the performance of individual workers who in …
Persistent link: https://www.econbiz.de/10013141429
In this paper, we analyze a principal's optimal feedback policy in tournaments. We close a gap in the literature by assuming the principal to be unable to commit to a certain policy at the beginning of the tournament. Our analysis shows that in equilibrium the principal reveals intermediate...
Persistent link: https://www.econbiz.de/10013316760
intent, that can cause incentives to fail. Using an experiment that provides the material circumstances necessary for … the principal is neutral. Our results have implications for the design and implementation of incentive structures within …
Persistent link: https://www.econbiz.de/10013078830
How to design compensation schemes to motivate team members appears to be one of the most challenging problems in the economic analysis of labour provision. We shed light on this issue by experimentally investigating team-based compensations with and without bonuses awarded to the highest...
Persistent link: https://www.econbiz.de/10012779052
the theoretical benchmark with behavior observed in a one-shot experiment …
Persistent link: https://www.econbiz.de/10012870216
Questions about compensation structures and incentive effects of pay-for-performance components are important for firms … insider econometric evidence on the structure and the incentive effects of fixed base salaries, paid bonuses, and agreed … bonuses under a Management-by-Objectives (MBO) incentive scheme. Six years of personnel data of 177 managers in a German …
Persistent link: https://www.econbiz.de/10013089005
The Peter Principle states that, after a promotion, the observed output of promotedemployees tends to fall. Lazear (2004) models this principle as resulting from a regression tothe mean of the transitory component of ability...
Persistent link: https://www.econbiz.de/10008939753