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This paper analyzes the optimal contract for a consumer to procure a credence good from an expert when (i) the expert might misrepresent his private information about the consumer’s need, (ii) the expert might not choose the requested service since his choice of treatment is non-observable,...
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may create incentives to play 'hard to get' in an effort to increase those rewards. We discuss two specic contexts in … which such incentives arise. In the first, refraining from the activity causes others to attach higher value to it because …
Persistent link: https://www.econbiz.de/10010362185
crowding out due to low-powered incentives. High-powered incentives in the workplace tend to increase output, but it is unknown … also extends to high-powered incentives, in a real work setting with paid workers. There is individual heterogeneity …
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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 characteristics (i.e., the mission) is part of the compensation package that … and non-monetary incentives imperfect. These findings have implications for the design of incentives in mission …
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enterprise performance and survival. We argue that financial incentives can address this problem by redirecting employee … attention to commercial tasks and attracting workers less inclined to fixate on social tasks. In an online experiment with … varying incentive levels, monetary rewards succeed in directing worker effort to commercial tasks; high-powered incentives …
Persistent link: https://www.econbiz.de/10013454823
-averse investors buy more of the safe asset. Applying this intuition to incentive pay contracts, we develop a model and an experiment … that show, in a very general setting, that the choice between work effort and leisure under given linear incentives depends …
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