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Tournament Fever and the Perception of StrategicUncertainty in Performance Contests

Uske, Tobias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008

the inherent variability of competitors' effort choices introduce uncertainty to tournament settings with respect to the … outcome.If heterogeneous agents interact in such a setting, experimental results suggest thatincreasing uncertainty leads to … mainly overestimate their opponents. Leveling uncertainty inuencesboth overshooting and the precision of beliefs. …

Persistent link: https://www.econbiz.de/10005866448

On the Incentive Effects of Uncertainty in Monitoring Agents A Theoretical and Experimental Analysis

Avrahami, Judith; Güth, Werner; Kareev, Yakoov; Uske, … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

depends stochastically on (constant) effort, the number of times that are checked to assign the bonus affects the level of un-certainty … in the selection process. Uncertainty, in turn, is expected to increase the efforts made by competing agents (Cowen and … of uncertainty (sampling occasions of productions, 1 or 3), cost of production (high or low), cost symmetry (asymmetric …

Persistent link: https://www.econbiz.de/10005866529

Intra-firm Conflicts and Interfirm Competition

Güth, Werner; Pull, Kerstin; Stadler, Manfred - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

We study interaction effects between intra-firm conflicts and interfirm competitionon a duopolistic market with seller firms employing one or more agents and imple-menting tournament incentives. We show that inter-firm competition leads to higherincentive intensity, higher efforts and output...

Persistent link: https://www.econbiz.de/10005866426

Subjective Stock Option Values and Exercise Decisions: Determinants and Consistency

Sautner, Zacharias; Weber, Martin - 2005

This paper determines which individual variables actually driveexercise patterns and how employees value their stock options.

Persistent link: https://www.econbiz.de/10005850457

Stock Options and Employee Behavior

Sautner, Zacharias; Weber, Martin - Universität <Mannheim> - Sonderforschungsbreich … - 2005

This paper tries to answer the following questions: How do employees exercise their stock options? How do employees dispose of company stock acquired in stock option programs? What rational and behavioral factors explain differences in observed exercise behavior?

Persistent link: https://www.econbiz.de/10005850458

Not So Lucky Any More:CEO Compensation in Financially Distressed Firms

Kang, Qiang; Mitnik, Oscar A. - Institut zur Zukunft der Arbeit <Bonn> - 2008

There is a debate on whether executive pay reflects rent extraction due to “managerialpower” or is the result of arms-length bargaining in a principal-agent framework. In this paperwe offer a test of the managerial power hypothesis by empirically examining the CEOcompensation of U.S. public...

Persistent link: https://www.econbiz.de/10009418922

Team Incentives:Evidence from a Firm Level Experiment

Bandiera, Oriana; Barankay, Iwan; Rasul, Imran - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2012

Many organizations rely on teamwork, and yet field evidence on the impacts of team-basedincentives remains scarce. Compared to individual incentives, team incentives can affectproductivity by changing both workers’ effort and team composition. We present evidencefrom a field experiment...

Persistent link: https://www.econbiz.de/10009486877

Design and Implementation of Pay for Performance

Gibbs, Michael - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2012

A large, mature and robust economic literature on pay for performance now exists, whichprovides a useful framework for thinking about pay for performance systems. I use thelessons of the literature to discuss how to design and implement pay for performance inpractice....

Persistent link: https://www.econbiz.de/10009486962

Social Connections and Incentives in the Workplace: Evidence from Personnel Data

Bandiera, Oriana; Barankay, Iwan; Rasul, Imran - London School of Economics and Political Science; … - 2006

We present evidence on the effect of social connections between workers and managerson productivity in the workplace. To evaluate whether the existence of social connections isbeneficial to the firm’s overall performance, we explore how the effects of social connectionsvary with the strength...

Persistent link: https://www.econbiz.de/10005870992

The Peter Principle: An Experiment

Dickinson, David L.; Villeval, Marie-Claire - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

The Peter Principle states that, after a promotion, the observed output of promotedemployees tends to fall. Lazear (2004) models this principle as resulting from a regression tothe mean of the transitory component of ability...

Persistent link: https://www.econbiz.de/10008939753

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