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Dynamic incentive effects of heterogeneity in multi-stage promotion contests
Stracke, Rudi; Sunde, Uwe - 2014
compensated by positive continuation-value and selection effects. Due to these positive dynamic incentive effects of heterogeneity …This paper shows that the incentive effects of heterogeneity may be positive rather than negative in dynamic contests … with multiple stages. In particular, the well-studied adverse effects of heterogeneity in static interactions are …
Persistent link: https://www.econbiz.de/10010394022
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Performance Pay and Risk Aversion
Grund, Christian; Sliwka, Dirk - 2006
A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature about the first trade-off. Due to lack of...
Persistent link: https://www.econbiz.de/10010333738
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Task difficulty, performance measure characteristics, and the trade-off between insurance and well-allocated effort
Schnedler, Wendelin (contributor) - 2006
When designing incentives for a manager, the trade-off between insurance and a "good" allocation of effort across various tasks is often identified with a trade-off between the responsiveness (sensitivity, precision, signal-noise ratio) of the performance measure and its similarity (congruity,...
Persistent link: https://www.econbiz.de/10003323166
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Academics appreciate awards : a new aspect of incentives in research
Frey, Bruno S.; Neckermann, Susanne - 2009
This paper analyzes awards as a means of motivation prevalent in the scientific community, but so far neglected in the economic literature on incentives, and discusses their relationship to monetary compensation. Awards are better suited than performance pay to reward scientific tasks, which are...
Persistent link: https://www.econbiz.de/10003807766
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Gift exchange and workers' fairness concerns : when equality is unfair
Abeler, Johannes; Altmann, Steffen; Kube, Sebastian; … - 2009
We study how different payment modes influence the effectiveness of gift exchange as a contract enforcement device. In particular, we analyze how horizontal fairness concerns affect performance and efficiency in an environment characterized by contractual incompleteness. In our experiment, one...
Persistent link: https://www.econbiz.de/10003863658
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Gift exchange and workers' fairness concerns : when equality is unfair
Abeler, Johannes; Altmann, Steffen; Kube, Sebastian; … - 2009
We study how different payment modes inuence the effectiveness of gift exchange as a contract enforcement device. In particular, we analyze how horizontal fairness concerns affect performance and efficiency in an environment characterized by contractual incompleteness. In our experiment, one...
Persistent link: https://www.econbiz.de/10003854042
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Task difficulty, performance measure characteristics and the trade-off between insurance and well-allocated effort
Schnedler, Wendelin - 2006
When designing incentives for a manager, the trade-off between insurance and a "good" allocation of effort across various tasks is often identified with a trade-off between the responsiveness (sensitivity, precision, signal-noise ratio) of the performance measure and its similarity (congruity,...
Persistent link: https://www.econbiz.de/10003379118
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Gift exchange in the lab - it is not (only) how much you give ...
Englmaier, Florian; Leider, Steve - 2010
An important aspect in determining the effectiveness of gift exchange relations in labor markets is the ability of the worker to "repay the gift" to the employer. To test this hypothesis, we conduct a real effort laboratory experiment where we vary the wage and the effect of the worker's effort...
Persistent link: https://www.econbiz.de/10003937791
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Performance measurement and incentive plans
Kauhanen, Antti; Napari, Sami - 2010
This paper explores performance measurement in incentive plans. Based on theory, we argue that differences in the nature of jobs between blue- and white-collar employees lead to differences in incentive systems. We find that performance measurement for white-collar workers is broader in terms of...
Persistent link: https://www.econbiz.de/10003968896
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Determinanten der Vorstandsvergütung : eine empirische Untersuchung der deutschen Prime-Standard-Unternehmen
Rapp, Marc Steffen; Wolff, Michael - 2010
Basierend auf einem neuen, die deutschen Prime-Standard-Unternehmen für die Jahre 2005 bis 2007 umfassenden Datensatz untersuchen wir die Determinanten der Höhe der Vorstandsvergütung. Dabei unterscheiden wir drei Kategorien möglicher Einflussfaktoren: Unternehmens-, Performance- und...
Persistent link: https://www.econbiz.de/10008660021