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obtain high-powered incentives and, hence, a high personal income at the merger-management stage. …
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influence agents incentives and lead to a noncooperative game, even if the agents have to complete independent tasks. I show … substitutes. I solve for the optimal monetary incentives that complement the peer effects and show that the principal prefers …
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divisions to replace high incentive pay to the division heads by incentives based on private benefits of control. In that …
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the performances of co-workers. Assuming heterogeneity among the workers the interplay of emotions and incentives is … identify certain conditions under which emotions lead to additional incentives and under which the employer benefits from …
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We analyze whether incentives from relative performance pay are reduced or enhanced if a department is possibly … terminated due to a crisis. Our benchmark model shows that incentives decrease in a severe crisis, but are boosted given a minor …
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Lecture on the first SFB/TR 15 meeting, Gummersbach, July, 18 - 20, 2004: The existing literature on the comparison of tournaments and piece rates as alternative incentive schemes has focused on the case of unlimited liability. However, in practice real workers' wealth is typically restricted....
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