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-period experiment. In equilibrium, firms will offer deferred compensation: first period productivity is positive and wages are zero …, while third period productivity is zero and wages are positive. The experiment produces strong evidence that deferred …
Persistent link: https://www.econbiz.de/10010261943
learn the abilities of agents. Theory suggests high first-period equilibrium effort in the hidden ability treatment but no …
Persistent link: https://www.econbiz.de/10010261580
confirmed in a real effort experiment. …
Persistent link: https://www.econbiz.de/10010268881
experiment that analyzes the influence of other-regarding preferences on sorting and incentives. Experimental evidence shows that …
Persistent link: https://www.econbiz.de/10010261940
We introduce a concept of emotions that emerge when workers compare their own performance with a given standard or with the performances of co-workers. Assuming heterogeneity among the workers the interplay of emotions and incentives is analyzed by focusing on three incentive schemes that are...
Persistent link: https://www.econbiz.de/10010262021
-world organizations we employ a controlled experiment. Our data provide clear evidence that agents? behavior is not only guided by …
Persistent link: https://www.econbiz.de/10010262080
, which occur in both compensation incentives and team composition. The results of a real effort experiment conducted with … merger. Replicating this experiment with students showed differences in strategy rather than in substance between the two …
Persistent link: https://www.econbiz.de/10010276427
-exchange experiment, the employer can express respect by giving the employee costly symbolic rewards after observing his level of effort …. This experiment sheds light on the extent to which symbolic rewards are used, how they affect employees' further effort …
Persistent link: https://www.econbiz.de/10010277038
This paper tests two hypotheses from the theory of elimination tournaments: (i) that uneven tournaments, where the … contestants are ex ante heterogeneous, entail lower effort exertion; this is a prediction from agency theory that has not been … underlies any agency theory about elimination tournaments, and has been empirically tested in other contexts. The evidence …
Persistent link: https://www.econbiz.de/10010261647
Recent thinking has emphasized the importance of consistency in a firm?s compensation policy. By starting from Williamson?s ideas about idiosyncratic exchange, this view can be supplied with some theoretical foundation. At the same time, the consistency view can be applied to a number of...
Persistent link: https://www.econbiz.de/10010261986