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We develop a theory of a firm in an environment with incomplete contracts. The firm's headquarter decides on the complexity, the organization, and the global scale of its production process. Specifically, it decides: i) on the mass of symmetric intermediate inputs that are part of the value...
Persistent link: https://www.econbiz.de/10013136032
We introduce a new task-based framework to describe production. It focuses on the fact that certain tasks are too complex for many workers to perform. In such an environment, the relationship between wages of workers may significantly differ from their relative productivities. The labor market...
Persistent link: https://www.econbiz.de/10012859283
The main function of hierarchies is to coordinate activities within an organisation, but a hierarchical structure also provides work incentives, by offering the prospect of hierarchical mobility. An alternative way for organisations to motivate workers is through job design. In organisations...
Persistent link: https://www.econbiz.de/10014255907
received the same performance – independent hourly wage. Cutting both team members' wages caused a substantial decrease in … performance. When only one team member's wage was cut, the performance decrease for the workers who received the cut was more than … other team member's wage level. In contrast, workers whose wage was not cut but who witnessed their team member's pay being …
Persistent link: https://www.econbiz.de/10013128831
this paper, however, we demonstrate that this may not hold in team settings. In the context of sequential team production …
Persistent link: https://www.econbiz.de/10013129921
(SOPs) and Team Incentive Plans (TIPs). In do doing, we assemble important new panel data by merging data from a survey of …
Persistent link: https://www.econbiz.de/10013139059
We study the impact of team decision making on market behavior and its consequences for subsequent individual … specific, performance feedback. Some teams even perform better than the best individuals. The experience of team decision … tasks, implying that team experiences enhance individual problem-solving skills …
Persistent link: https://www.econbiz.de/10013139333
This study examines the relationship between the diffusion of IT and changes in collaboration patterns across institutional and national borders. To undertake the research, the authors match an explicit measure of institutional IT adoption (domain names, e.g. www.umsl.edu) with institutional...
Persistent link: https://www.econbiz.de/10013114375
This paper analyses the effects of work-related training on worker productivity. To identify the causal effects from training, we combine a field experiment that randomly assigns workers to treatment and control groups with panel data on individual worker performance before and after training....
Persistent link: https://www.econbiz.de/10013120011
We investigate the influence of two widespread compensation schemes, individual piece-rates and team incentives, on … pronounced under team incentives than under individual piece-rates, which highlights a so far fairly neglected feature of these …
Persistent link: https://www.econbiz.de/10013120402