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

Avrahami, Judith; Güth, Werner; Kareev, Yaakov; Uske, … - Wirtschaftswissenschaftliche Fakultät, … - 2007

uncertainty in the selection process. Uncertainty, in turn, is expected to increase the efforts made by competing agents (Cowen … of uncertainty (sampling occasions of productions, 1 or 3), cost of production (high or low), cost symmetry (asymmetric … or symmetric), and piece-rate reward were manipulated factorially to test the robustness of the effects of uncertainty …

Persistent link: https://www.econbiz.de/10005090471

Ironing out the kinks in executive compensation: Linking incentive pay to average stock prices

Tian, Yisong S. - In: Journal of Banking & Finance 37 (2013) 2, pp. 415-432

Traditional stock option grant is the most common form of incentive pay in executive compensation. Applying a principal-agent analysis, we find this common practice suboptimal and firms are better off linking incentive pay to average stock prices. Among other benefits, averaging reduces...

Persistent link: https://www.econbiz.de/10010595268

Social Relations and Relational Incentives

Dur, Robert; Tichem, Jan - CESifo - 2012

This paper studies how social relationships between managers and employees affect relational incentive contracts. To this end we develop a simple dynamic principal-agent model where both players may have feelings of altruism or spite toward each other. The contract may contain two types of...

Persistent link: https://www.econbiz.de/10010877789

Job mission as a substitute for monetary incentives: experimental evidence

Cassar, Lea - Institut für Volkswirtschaftslehre, … - 2014

Are monetary and non-monetary incentives used as substitutes in motivating effort? I address this question in a laboratory experiment in which the choice of the job charac- teristics (i.e., the mission) is part of the compensation package that principals can use to influence agents' effort....

Persistent link: https://www.econbiz.de/10010941146

Social Relations and Relational Incentives

Dur, Robert; Tichem, Jan - Tinbergen Instituut - 2012

Persistent link: https://www.econbiz.de/10011255564

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

Bandiera, Oriana; Barankay, Iwan; Rasul, Imran - C.E.P.R. Discussion Papers - 2009

We present evidence on the effect of social connections between workers and managers on productivity in the workplace. To evaluate whether the existence of social connections is beneficial to the firm's overall performance, we explore how the effects of social connections vary with the strength...

Persistent link: https://www.econbiz.de/10005791992

Altruism and Relational Incentives in the Workplace

Dur, Robert; Tichem, Jan - Institute for the Study of Labor (IZA) - 2013

This paper studies how altruism between managers and employees affects relational incentive contracts. To this end we develop a simple dynamic principal-agent model where both players may have feelings of altruism or spite toward each other. The con- tract may contain two types of incentives for...

Persistent link: https://www.econbiz.de/10010696459

Performance Pay and Multi-dimensional Sorting: Productivity, Preferences and Gender

Dohmen, Thomas; Falk, Armin - Institute for the Study of Labor (IZA) - 2006

This paper studies the impact of incentives on worker self-selection in a controlled laboratory experiment. In a first step we elicit subjects’ productivity levels. Subjects then face the choice between a fixed or a variable payment scheme. Depending on the treatment, the variable payment is...

Persistent link: https://www.econbiz.de/10005703774

Marché boursier et gestion de l'emploi : Analyse sur données d'entreprises françaises.

Perraudin, Corinne; Petit, Héloïse; Rebérioux, Antoine - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2007

This article examines the influence of equity capital ownership on human resource management practices. The empirical analysis uses the 2004-2005 Workplace Industrial Relations Survey (REPONSE survey), based on a sample of 2,930 establishments with 20 workers or more, representative of the...

Persistent link: https://www.econbiz.de/10005696766

Exploitation Aversion: When Financial Incentives Fail to Motivate Agents

Carpenter, Jeffrey P.; Dolifka, David - Institute for the Study of Labor (IZA) - 2013

Empirical studies of the principal-agent relationship find that extrinsic incentives work in many instances, linking rewards to performance increases effort, but that they can also backfire, reducing effort. Intrinsic motivation, the internal drive to work to master a skill or to improve one's...

Persistent link: https://www.econbiz.de/10010680481

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