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: incentive provision and selection. Our theoretical analysis reveals a trade-off for the tournament designer between the two …, letting more heterogeneous participants compete early increases the accuracy in selection. Experimental evidence supports our …
Persistent link: https://www.econbiz.de/10010278311
compensated by positive continuation-value and selection effects. Due to these positive dynamic incentive effects of heterogeneity …This paper shows that the incentive effects of heterogeneity may be positive rather than negative in dynamic contests … with multiple stages. In particular, the well-studied adverse effects of heterogeneity in static interactions are …
Persistent link: https://www.econbiz.de/10010398273
compensated by positive continuation-value and selection effects. Due to these positive dynamic incentive effects of heterogeneity …This paper shows that the incentive effects of heterogeneity may be positive rather than negative in dynamic contests … with multiple stages. In particular, the well-studied adverse effects of heterogeneity in static interactions are …
Persistent link: https://www.econbiz.de/10010886143
the selection and incentive effects of pay schemes are so far thin on the ground. In addition, these effects may be …
Persistent link: https://www.econbiz.de/10010261940
We present evidence from a firm level experiment in which we engineered an exogenous change in managerial compensation from fixed wages to performance pay based on the average productivity of lower-tier workers. Theory suggests that managerial incentives affect both the mean and dispersion of...
Persistent link: https://www.econbiz.de/10010267490
is attributable both to its incentive effect and to its selection effect among employees (Lazear, 2000), it is important …
Persistent link: https://www.econbiz.de/10010267611
We present evidence from a firm level experiment in which we engineered an exogenous change in managerial compensation from fixed wages to performance pay based on the average productivity of lower-tier workers. Theory suggests that managerial incentives affect both the mean and dispersion of...
Persistent link: https://www.econbiz.de/10005822207
is attributable both to its incentive effect and to its selection effect among employees (Lazear, 2000), it is important …
Persistent link: https://www.econbiz.de/10005763542
the selection and incentive effects of pay schemes are so far thin on the ground. In addition, these effects may be …
Persistent link: https://www.econbiz.de/10005763609
An explanation for motivation crowding-out phenomena is developed in a social preferences framework. Besides selfish and fair or altruistic types a third type of agents is introduced: These ‘conformists' have social preferences if they believe that sufficiently many of the others do too. When...
Persistent link: https://www.econbiz.de/10005761807