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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

Distributive Justice and CEO Compensation

Jasso, Guillermina; Meyersson Milgrom, Eva M. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

This paper develops a framework for studying individuals ideas about what constitutes justcompensation for chief executive officers (CEOs) and reports estimates of just CEO pay andthe principles guiding ideas of justice. The sample consists of students pursuing a Master ofBusiness Administration...

Persistent link: https://www.econbiz.de/10005861085

Feedback in Tournaments under Commitment Problems:Theory and Experimental Evidence

Gürtler, Oliver; Harbring, Christine - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

In this paper, we analyze a principal's optimal feedback policy in tournaments. We close agap in the literature by assuming the principal to be unable to commit to a certain policy atthe beginning of the tournament...

Persistent link: https://www.econbiz.de/10005861537

Individual and Job-Based Determinants ofPerformance Appraisal: Evidence from Germany

Grund, Christian; Sliwka, Dirk - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

We investigate the use of performance appraisal (PA) in German Firms. First, we derivehypotheses on individual and job based determinants of PA usage. Based on arepresentative German data set on individual employees, we test these hypotheses and alsoexplore the impact of PA on performance pay...

Persistent link: https://www.econbiz.de/10005862078

Incentives and managerial experience in multi-task teams: Evidence from within an firm

Griffith, Rachel; Neely, Andrew - Advanced Institute of Management Research <London> - 2008

This paper exploits a quasi-experimental setting to estimate the impact that a multi-dimensional group incentive scheme had on branch performance in a large distribution firm. The scheme, which is based on the Balanced Scorecard, was implemented in all branches in one division, but not in another...

Persistent link: https://www.econbiz.de/10005862756

Gift Exchange within a Firm:Evidence from a Field Experiment

Bellemare, Charles; Shearer, Bruce - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

We present results from a field experiment testing the gift-exchange hypothesis inside a treeplantingfirm paying its workforce incentive contracts. Firm managers told a crew of treeplanters they would receive a pay raise for one day as a result of a surplus not attributable topast planting...

Persistent link: https://www.econbiz.de/10005863220