Showing 1 - 10 of 1,644
This paper analyzes intertemporal effort provision in two-stage tournaments. A principal with a fixed budget for prizes faces two risk-neutral agents. He observes noisy signals of effort in both periods. His goal is to maximize either total efforts (perfect substitutes) or the product of first-...
Persistent link: https://www.econbiz.de/10010338948
This paper analyzes two-stage rank-order tournaments. A principal decides (i) how to spread prize money across the two periods, (ii) how to weigh performance in the two periods when awarding the second-period prize, and (iii) whether to reveal performance after the first period. The information...
Persistent link: https://www.econbiz.de/10013046315
Incentives based on esteem, honor and shame are increasingly popular and easy to use due to modern surveillance … Tirole (2011) to explore the effect of esteem-based incentives and their interaction with traditional monetary incentives. We … show that esteem-based incentives can indeed lead to a loss of control by generating multiple equilibria, some of which …
Persistent link: https://www.econbiz.de/10011844573
Incentives based on esteem, honor and shame are increasingly popular and easy to use due to modern surveillance … Tirole (2011) to explore the effect of esteem-based incentives and their interaction with traditional monetary incentives. We … show that esteem-based incentives can indeed lead to a loss of control by generating multiple equilibria, some of which …
Persistent link: https://www.econbiz.de/10012899388
A Principal has a set of projects, each having different benefit potentials, and each requiring a basic technology from one of two experts and time inputs from both experts. Experts enjoy motivation utilities from production, but have private information of their own motivation preferences and...
Persistent link: https://www.econbiz.de/10012933224
agent-principal relationships. The incentives literature relevant to implementation is reviewed, as well as relevant …
Persistent link: https://www.econbiz.de/10014032784
incentives based on reputation and the allocation of esteem. However, their use is controversial: critics argue that shaming can … by Benabou and Tirole (2011) to explore the effect of esteem-based incentives and their interaction with traditional … esteem incentives is interdependent. If both types of incentives are costly to implement, esteem incentives should optimally …
Persistent link: https://www.econbiz.de/10014103099
Persistent link: https://www.econbiz.de/10009488935
We examine theoretically and experimentally how combining between-team and within-team incentives affects behavior in … team tournaments. Theory predicts that free-riding is likely to occur when there are only between-team incentives, and … offering within-team incentives may solve this problem. However, if individuals collude, then within-team incentives may not be …
Persistent link: https://www.econbiz.de/10012921253
Persistent link: https://www.econbiz.de/10012660183