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based on prior theoretical and empirical investigations of cross-cultural variation in human motivation and decision …This paper investigates the effect of decision-makers'culture on their implicit choice of how to make decisions. In a … processes. The data show a striking degree of cultural similarity in the relationships between decision content, situational …
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Using a moral hazard framework with limited liability with discrete effort levels we show that status incentives help … in partially reducing the burden on monetary incentives. Yet, the disutility accruing from failure to achieve status … dampens the efficiency of status as an incentive. The optimal bonus is independent of the return of the firm. Again, the …
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variables on status, organisation, strategy, products, perceived uncertainty, and competition. Financial factors are traditional …
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variables on status, organisation, strategy, products, perceived uncertainty, and competition. Financial factors are traditional …
Persistent link: https://www.econbiz.de/10008538698
laboratory experiment involving three different treatments of a sequential ``dictator game.'' Without disclosing the actual …
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status. With the help of a moral hazard framework with limited liability we show that for agents with lower outside option … increased status leads to lower incentive pay whereas exactly the opposite happens for agents with higher outside option. For … agents with very high status such that the limited liability doesn’t bind, an exogenous increase in status level leads to an …
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