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Job Assignments under Moral Hazard: The Peter Principle Revisited
Koch, Alexander Karl; Nafziger, Julia - Institute for the Study of Labor (IZA) - 2007
The Peter Principle captures two stylized facts about hierarchies: first, promotions often place employees into jobs for which they are less well suited than for that previously held. Second, demotions are extremely rare. Why do organizations not correct ‘wrong’ promotion decision? This...
Persistent link: https://www.econbiz.de/10005703071
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Bonus Culture: Competitive Pay, Screening, and Multitasking
Benabou, Roland; Tirole, Jean - Institute for the Study of Labor (IZA) - 2013
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most talented workers leads to an escalating reliance on...
Persistent link: https://www.econbiz.de/10010635587
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Bonus Culture: Competitive Pay, Screening, and Multitasking
Bénabou, Roland; Tirole, Jean - C.E.P.R. Discussion Papers - 2013
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most talented workers leads to an escalating reliance on...
Persistent link: https://www.econbiz.de/10011083769
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On Competitive Equilibria with Asymmetric Information
Jérome Pouyet; Bernard Salanié; Francois Salanié - In: Topics in Theoretical Economics 8 (2008) 1, pp. 1385-1385
Asymmetric information is widely supposed to impair the functioning of markets. We show that the presence of … privately observed, provided that principals do not directly care about the agents' private information (the private value case …). Thus hidden information only matters in competitive markets if it affects common values. …
Persistent link: https://www.econbiz.de/10005086872
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Moral hazard and private monitoring
van Damme, Eric; Bhaskar, V. - Tilburg University, Center for Economic Research - 1997
Persistent link: https://www.econbiz.de/10011091285
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On the Sorting of Physicians across Medical Occupations
Courty, Pascal; Marschke, Gerald - Institute for the Study of Labor (IZA) - 2008
We model the sorting of medical students across medical occupations and identify a mechanism that explains the possibility of differential productivity across occupations. The model combines moral hazard and matching of physicians and occupations with pre-matching investments. In equilibrium...
Persistent link: https://www.econbiz.de/10005703622
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Preparing for Basel IV (whilst commending Basel III) : why liquidity risks still present a challenge to regulators in prudential supervision ( Part II)
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2010
dissemination of information to appropriate recipients, appropriate volume of disseminated information, when to disseminate such … information, but also on other factors such as ownership structures and effective corporate governance measures aimed fostering …
Persistent link: https://www.econbiz.de/10009203633
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Contribution à une nouvelle économie de la santé : Asymétries d’information et régulation en médecine ambulatoire.
BEJEAN, Sophie; GADREAU, Maryse - Laboratoire d'Économie de Dijon (LEDI), Université de … - 1991
Persistent link: https://www.econbiz.de/10005579064
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Preparing for Basel IV (whilst commending Basel III) : why liquidity risks still present a challenge to regulators in prudential supervision ( Part II)
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2010
dissemination of information to appropriate recipients, appropriate volume of disseminated information, when to disseminate such … information, but also on other factors such as ownership structures and effective corporate governance measures aimed fostering …
Persistent link: https://www.econbiz.de/10009147613
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Preparing for Basel IV : why liquidity risks still present a challenge to regulators in prudential supervision (II)
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2010
dissemination of information to appropriate recipients, appropriate volume of disseminated information, when to disseminate such … information, but also on other factors such as ownership structures and effective corporate governance measures aimed fostering …
Persistent link: https://www.econbiz.de/10008776860