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Tournaments and piece rates revisited: A theoretical and experimental study of premium incentives
Güth, Werner; Levínský, René; Pull, Kerstin; Weisel, Ori - 2010
Tournaments represent an increasingly important component of organizational compensation systems. While prior research … focused on fixed-prize tournaments, i.e., on tournaments where the prize or prize sum to be awarded is set in advance, we …-prize tournaments, are based on relative performance, the prize to be awarded is not set in advance but is a function of the firm …
Persistent link: https://www.econbiz.de/10010269742
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Productivity in contests: Organizational culture and personality effects
Andersson, Ola; Huysentruyt, Marieke; Miettinen, Topi; … - 2010
We study the interaction of organizational culture and personal prosocial orientation in team work where teams compete against each other. In a computerized lab experiment with minimal group design, we prime subjects to two alternative organizational cultures emphasizing either self-enhancement...
Persistent link: https://www.econbiz.de/10010270029
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Ambiguity aversion as a reason to choose tournaments
Kellner, Christian; Riener, Gerhard - 2011
distributions are uncertain, models of ambiguity aversion suggest that tournaments may become more attractive than independent wage … tournaments and independent contracts, which are designed in a way that under uncertainty about output distribution (that is …, under ambiguity), ambiguity averse agents should typically prefer tournaments, while ambiguity neutral agents prefer …
Persistent link: https://www.econbiz.de/10010281634
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Productivity in Contests: Organizational Culture and Personality Effects
Andersson, Ola; Huysentruyt, Marieke; Miettinen, Topi; … - Wirtschaftswissenschaftliche Fakultät, … - 2010
We study the interaction of organizational culture and personal prosocial orientation in team work where teams compete against each other. In a computerized lab experiment with minimal group design, we prime subjects to two alternative organizational cultures emphasizing either self-enhancement...
Persistent link: https://www.econbiz.de/10008511325
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Tournaments and Piece Rates Revisited: A Theoretical and Experimental Study of Premium Incentives
Güth, Werner; Levínský, Rene; Pull, Kerstin; Weisel, Ori - Wirtschaftswissenschaftliche Fakultät, … - 2010
Tournaments represent an increasingly important component of organizational compensation systems. While prior research … focused on fixed-prize tournaments, i.e., on tournaments where the prize or prize sum to be awarded is set in advance, we …-prize tournaments, are based on relative performance, the prize to be awarded is not set in advance but is a function of the firm …
Persistent link: https://www.econbiz.de/10008511332
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Ambiguity aversion as a reason to choose tournaments
Kellner, Christian; Riener, Gerhard - Wirtschaftswissenschaftliche Fakultät, … - 2011
distributions are uncertain, models of ambiguity aversion suggest that tournaments may become more attractive than independent wage … tournaments and independent contracts, which are designed in a way that under uncertainty about output distribution (that is …, under ambiguity), ambiguity averse agents should typically prefer tournaments, while ambiguity neutral agents prefer …
Persistent link: https://www.econbiz.de/10009143373
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Psychology and economics rather than psychology versus economics: cultural differences but no barriers!
Brandstätter, Hermann; Güth, Werner; Kliemt, Hartmut - 2008
During the last three decades the ascent of behavioral economics clearly helped to bring down artificial disciplinary boundaries between psychology and economics. Noting that behavioral economics seems still under the spell of the rational choice tradition and, indirectly, of behaviorism we...
Persistent link: https://www.econbiz.de/10010266656
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Fundamental uncertainty, portfolio choice, and liquidity preference theory
Pasche, Markus - 2009
One of Keynes' core issues in his liquidity preference theory is how fundamental uncertainty affects the propensity to hold money as a liquid asset. The paper critically assesses various formal representations of fundamental uncertainty and provides an argument for a more boundedly rational...
Persistent link: https://www.econbiz.de/10010267088
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A theoretical framework for understanding university inventors and patenting
Göktepe-Hultén, Devrim - 2008
This paper develops theoretical standpoints to investigate and analyse university inventors and patenting activities. Although the studies on academic entrepreneurship and university patenting have substantially increased, first there have not been enough studies on individual inventors and...
Persistent link: https://www.econbiz.de/10010274001
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Why and how do scientists commercialize their research?: towards a typology of inventors
Göktepe-Hultén, Devrim - 2008
Incentives and assistance provided by TTOs, university policies, patent legislation and scientific disciplines are certainly part of the explanations for academic entrepreneurship. But they are only one facet of the story. Another facet is related to the scientists' motives, expectations and...
Persistent link: https://www.econbiz.de/10010274008