Showing 1 - 10 of 549
production as a coordination game with Pareto-ranked equilibria. We initially create an efficient group and an inefficient one … restrictions in different ways to help understand why the institutions are effective in maintaining coordination. We find that both … restrictions work to maintain efficient coordination but they are effective for different reasons. …
Persistent link: https://www.econbiz.de/10011282460
This paper examines whether and how cheap talk communication can facilitate within-group coordination when two unequal … improves coordination. To measure how much miscoordination remains, we employ a control treatment where miscoordination is …
Persistent link: https://www.econbiz.de/10010316824
. We use a coordination game with Pareto-ranked equilibria, in which we allow an effciently-coordinated group and an …
Persistent link: https://www.econbiz.de/10010316829
Collaboration in teams in which each member's output is critical to the overall success present organizations with … difficult coordination problems. We develop a model and run simulations to analyze how costly communication affects team … coordination and output efficiency. We show that absent any organizational routines to structure team communication the least …
Persistent link: https://www.econbiz.de/10013208672
We study subgame-perfect implementation (SPI) mechanisms that have been proposed as a solution to incomplete contracting problems. We show that these mechanisms - which are based on off-equilibrium arbitration clauses that impose large fines for lying and the inappropriate use of arbitration -...
Persistent link: https://www.econbiz.de/10012373280
reluctant to trigger arbitration. The inconsistent use of arbitration eliminates the incentives to take first-best actions and …
Persistent link: https://www.econbiz.de/10011282506
mechanism should - in theory - provide incentives for truth-telling, many buyers in fact believe that they can increase their …
Persistent link: https://www.econbiz.de/10011282523
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 …-oriented organizations and contribute to our understanding of job satisfaction and wage differentials across organizations and sectors. …
Persistent link: https://www.econbiz.de/10011282511
This paper studies how pay transparency affects organizations that reward employees based on their efforts (i.e., using … the employees' compensation, relative to organizations that operate in a more conventional "pay secrecy" regime. Second … incentives. Collective enforcement allows the transparent organization to use strong employment relationships to "cross …
Persistent link: https://www.econbiz.de/10012662711
controlling parties, while a large percentage of subordinates under-provide effort despite pecuniary incentives to the contrary …
Persistent link: https://www.econbiz.de/10010316857