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Common Ownership, Competition, and Top Management Incentives

Anton, Miguel; Ederer, Florian; Giné, Mireia; Schmalz, … - National Bureau of Economic Research - 2022

We present a mechanism based on managerial incentives through which common ownership affects product market outcomes. Firm-level variation in common ownership causes variation in managerial incentives and productivity across firms, which leads to intra-industry and intra-firm cross-market...

Persistent link: https://www.econbiz.de/10013477278

Team Incentives and Lower Ability Workers : An Experimental Study on Real-Effort Tasks

Freeman, Richard B.; Pan, Xiaofei; Yang, Xiaolan; Ye, … - National Bureau of Economic Research - 2022

Team incentives are important in many compensation systems that pay workers according to the output of their team as … well as to their own output, with team bonuses often depending on whether the team meets or exceeds specified thresholds …. Yet little is known about how team members with different abilities respond to compensation rules and thresholds. We …

Persistent link: https://www.econbiz.de/10013388782

Image Versus Information : Changing Societal Norms and Optimal Privacy

Ali, S. Nageeb - 2016

We analyze the costs and benefits of using social image to foster virtuous behavior. A Principal seeks to motivate reputation-conscious agents to supply a public good. Each agent chooses how much to contribute based on his own mix of public-spiritedness, private signal about the value of the...

Persistent link: https://www.econbiz.de/10012456472

Stock-Based Compensation and CEO (Dis)Incentives

Benmelech, Efraim - 2008

Stock-based compensation is the standard solution to agency problems between shareholders and managers. In a dynamic rational expectations equilibrium model with asymmetric information we show that although stock-based compensation causes managers to work harder, it also induces them to hide any...

Persistent link: https://www.econbiz.de/10012464915

Asset Management Contracts and Equilibrium Prices

Buffa, Andrea M. - 2014

We study the joint determination of fund managers' contracts and equilibrium asset prices. Because of agency frictions, investors make managers' fees more sensitive to performance and benchmark performance against a market index. This makes managers unwilling to deviate from the index and...

Persistent link: https://www.econbiz.de/10012458188

Letting Down the Team? Evidence of Social Effects of Team Incentives

Babcock, Philip - 2011

This paper estimates social effects of incentivizing people in teams. In two field experiments featuring exogenous team … formation and opportunities for repeated social interactions, we find large team effects that operate through social channels …. The team compensation system induced agents to choose effort as if they valued a marginal dollar of compensation for their …

Persistent link: https://www.econbiz.de/10012461970

Opportunity Counts : Teams and the Effectiveness of Production Incentives

Boning, Brent - 2001

This paper investigates the individual and joint effects of group incentive pay and problem-solving teams on productivity. To estimate models of adoption of these work practices and models of the effects of the work practices on productivity, we constructed a data set on the operations of 34...

Persistent link: https://www.econbiz.de/10012470418

Motivating Effort In Contributing to Public Goods Inside Organizations : Field Experimental Evidence

Blasco, Andrea - 2016

We investigate the factors driving workers' decisions to generate public goods inside an organization through a randomized solicitation of workplace improvement proposals in a medical center with 1200 employees. We find that pecuniary incentives, such as winning a prize, generate a threefold...

Persistent link: https://www.econbiz.de/10012456486

On the Role of Group Size in Tournaments : Theory and Evidence from Lab and Field Experiments

List, John - 2014

Both private and public organizations constantly grapple with incentive schemes to induce maximum effort from agents. We begin with a theoretical exploration of optimal contest design, focusing on the number of competitors. Our theory reveals a critical link between the distribution of luck and...

Persistent link: https://www.econbiz.de/10012458656

The Impact of Team Incentives on Performance in Graduate School : Evidence from Two Pilot RCTs

List, John A.; Shah, Rohen - National Bureau of Economic Research - 2022

In organizations, teams are ubiquitous. "Weakest Link" and "Best Shot" are incentive schemes that tie a group member's compensation to the output of their group's least and most productive member, respectively. In this paper, we test the impact of these incentive schemes by conducting two pilot...

Persistent link: https://www.econbiz.de/10013362028

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