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Designing organizations in volatile markets
Liu, Shuo; Migrow, Dimitri - 2019
Multinational and multiproduct firms often experience uncertainty in the relative return of conducting activities in different markets due to, for example, exchange rate volatility or the changing prospects of different products. We study how a multi-divisional organization should optimally...
Persistent link: https://www.econbiz.de/10011993812
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Delegating performance evaluation
Letina, Igor; Liu, Shuo; Netzer, Nick - 2017
contest, the principal can commit to sustaining incentives despite the reviewer's potential leniency bias. The optimal effort …
Persistent link: https://www.econbiz.de/10011784300
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Aktienbasierte Langfristanreize im Rahmen der Vorstandsverguetung: Evidenz auf Basis Deutscher Prime Standard Unternehmen
Rapp, Marc Steffen; Schaller, Philipp; Wolff, Michael - 2009
While in the US stock-based incentives are commonly used since the 50s of the last century, in Germany they were … incentives. In the meantime the legal environment has changed significantly and today even the German Corporate Governance Code … encourages firms to grant stock-based long-term incentives. However, examining a hand-collected unique data-set we find that even …
Persistent link: https://www.econbiz.de/10010305700
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Pay Transparency under Subjective Performance Evaluation
Fahn, Matthias; Zanarone, Giorgio - 2021
incentives. Collective enforcement allows the transparent organization to use strong employment relationships to "cross …
Persistent link: https://www.econbiz.de/10012662711
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Job mission as a substitute for monetary incentives: Experimental evidence
Cassar, Lea - 2014
Are monetary and non-monetary incentives used as substitutes in motivating effort? I address this question in a … and non-monetary incentives imperfect. These findings have implications for the design of incentives in mission …
Persistent link: https://www.econbiz.de/10011282511
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The distribution of talent across contests
Azmat, Ghazala; Möller, Marc - 2016
Do the contests with the largest prizes attract the most-able contestants? To what extent do contestants avoid competition? In this paper, we show, theoretically and empirically, that the distribution of abilities plays a crucial role in determining contest choice. Complete sorting exists only...
Persistent link: https://www.econbiz.de/10011796513
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Does the John Bates Clark Medal boost subsequent productivity and citation success?
Chan, Ho Fai; Frey, Bruno S.; Gallus, Jana; Torgler, Benno - 2013
Despite the social importance of awards, they have been largely disregarded by academic research in economics. This paper investigates whether a specific, yet important, award in economics, the John Bates Clark Medal, raises recipients' subsequent research activity and status compared to a...
Persistent link: https://www.econbiz.de/10010316904
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Adverse selection, risk sharing and business cycles
Veracierto, Marcelo - 2014
I consider a real business cycle model in which agents have private information about an idiosyncratic shock to their value of leisure. I consider the mechanism design problem for this economy and describe a computational method to solve it. This is an important contribution of the paper since...
Persistent link: https://www.econbiz.de/10011460676
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Fees, incentives, and efficiency in large double auctions
Jantschgi, Simon; Nax, Heinrich H.; Pradelski, Bary S. R.; … - 2022
-of these markets. Allowing for general fee structures, we show that their impact on incentives and efficiency in large Double …
Persistent link: https://www.econbiz.de/10013164125
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Stress and incentives at work
Cottini, Elena; Ghinetti, Paolo; Iossa, Elisabetta; … - 2021
An extensive medical and occupational-health literature finds that an imbalance between effort and reward is an important stressor which produces serious health consequences. We incorporate these effects in a simple agency model with moral hazard and limitecl liability, and study their impact on...
Persistent link: https://www.econbiz.de/10012609093