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This paper deals with the interplay between economic incentives and social norms in firms. We outline a simple model of team production and provide preliminary results on linear incentive schemes in the presence of a social norm that may cause multiple equilibria. The effect of the social norm...
Persistent link: https://www.econbiz.de/10005419524
a simple model of team production we examine the interplay of different types of contracts with social norms. We show …
Persistent link: https://www.econbiz.de/10008684811
a simple model of team production we examine the interplay of three types of contracts with social norms. We show that …
Persistent link: https://www.econbiz.de/10011048116
a simple model of team production we examine the interplay of different types of contracts with social norms. We show …
Persistent link: https://www.econbiz.de/10010277225
This paper deals with the interplay between economic incentives and social norms in firms. We outline a simple model of team production and provide preliminary results on linear incentive schemes in the presence of a social norm that may cause multiple equilibria. The effect of the social norm...
Persistent link: https://www.econbiz.de/10010281285
Most contracts, whether between voters and politicians or between house owners and contractors, are incomplete. "More …
Persistent link: https://www.econbiz.de/10005585611
This paper deals with the interplay between economic incentives and social norms in firms. We outline a simple model of team production and provide preliminary results on linear incentive schemes in the presence of a social norm that may cause multiple equilibria. The effect of the social norm...
Persistent link: https://www.econbiz.de/10010334848
This paper deals with the interplay between economic incentives and social norms in firms. We outline a simple model of team production and provide preliminary results on linear incentive schemes in the presence of a social norm that may cause multiple equilibria. The effect of the social norm...
Persistent link: https://www.econbiz.de/10005649440
contracts which determine their managers' salaries. One contract simply gives managers incentives to maximize firm profits … subgame perfect equilibrium prediction when asymmetric contracts are given. …
Persistent link: https://www.econbiz.de/10009781566
Persistent link: https://www.econbiz.de/10001485541