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and the firm can base its incentive payments on good information. Competition, however, may allow themarket and explicit …
Persistent link: https://www.econbiz.de/10010325071
This paper considers the interplay of job assignments with the intrinsic and extrinsic motivation of an agent. Job assignments influence the self confidence of the agent, and thereby his intrinsic motivation. Monetary reward allow the principal to complement intrinsic motivation with extrinsic...
Persistent link: https://www.econbiz.de/10010264916
compensation scheme under both symmetric and asymmetric information about workers' actions, and we also derive conditions for our …
Persistent link: https://www.econbiz.de/10010281688
by public communication with the flexibility provided by private communication and transmit more information to the …
Persistent link: https://www.econbiz.de/10010291984
In an overlapping generations maximization framework with consumers, whose information on uncertain future income …
Persistent link: https://www.econbiz.de/10011604811
The standard state-spaces of asymmetric information preclude non- trivial forms of unawareness (Dekel, Lipman and … standard information structures with strong properties of knowledge. …
Persistent link: https://www.econbiz.de/10010263088
We investigate whether the simple plurality rule aggregates information efficiently in a large election with three …. With two alternatives and strategic voters, the simple plurality rule aggregates information efficiently in elections with …
Persistent link: https://www.econbiz.de/10010274750
We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are desirable for many potential applications of asymmetric unawareness. We develop Bayesian games with unawareness, define equilibrium, and prove existence. We show how equilibria are...
Persistent link: https://www.econbiz.de/10010276586
We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are desirable for many potential applications of asymmetric unawareness. We develop Bayesian games with unawareness, define equilibrium, and prove existence. We show how equilibria are...
Persistent link: https://www.econbiz.de/10010276636
We consider a setting in which two potential merger partners each possess private information pertaining both to the … profitability of the merged entity and to stand-alone profits, and we investigate the extent to which this private information makes …
Persistent link: https://www.econbiz.de/10010315578