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assumption, which we relax. We find that, although monetary incentives are effective also with sociallyattentive agents, the … monetary incentives. We also show that the principal benefits from having a socially-attentive agent and how she optimally …
Persistent link: https://www.econbiz.de/10012268393
The article is concerned with understanding the impact of social preferences and wealth inequality on aggregate economic outcomes. We investigate how different manifestations of other-regarding preferences affect incentive contracts at the microeconomic level and how these in turn translate into...
Persistent link: https://www.econbiz.de/10012421506
efficiency. However, fully efficient incentives are achievable if the firm can commit to a forced distribution of evaluations and …
Persistent link: https://www.econbiz.de/10009388480
Incentives often distort behavior: they induce agents to exert effort but this effort is not employed optimally. This …
Persistent link: https://www.econbiz.de/10010344596
I study the role of financial incentives as signals of job characteristics when these are unknown to potential … incentives on candidates' perception of a brand-new health-promoter position in Uganda and on the resulting size and composition … the community and discourage agents with strong prosocial preferences from applying. While higher financial incentives …
Persistent link: https://www.econbiz.de/10012852829
Employees often learn about their ability while working, and the resulting beliefs interact with pay incentives to … job, dynamic selection, effort, and variation in pay incentives. The empirical analysis is based on unique data from a US … which pay incentives affect employment outcomes, profits, and compensation. Under the implemented and the profit …
Persistent link: https://www.econbiz.de/10012972627
This paper seeks to explore how an agent's incentives to perform influences her performance. We analyze this question … show that the relationship between the incentives to perform and the expected performance could be negative. The paper thus … offers a novel, non-behavioral explanation for the failure of incentives …
Persistent link: https://www.econbiz.de/10012865018
incentives to affect these choices. It develops a multi-task model where employees makes choices between their assigned standard … tasks, for which the firm has a performance measure and provides incentives, and privately observed innovation opportunities …-powered incentives for standard tasks to encourage more innovation, yet in equilibrium employees undertake too few innovation. The …
Persistent link: https://www.econbiz.de/10014212891
This paper analyzes a multi-task agency relationship with a risk-neutral and financially constraint agent. The agent's performance evaluation is incongruent, i.e. it does not reflect his contribution to firm value, and thus motivates an inefficient effort allocation across tasks. This paper...
Persistent link: https://www.econbiz.de/10014218745
In this paper, we analyze group incentives when a proportion of agents feel in- equity aversion as defined by Fehr and … show that a tournament provides strong incentives to agents who only care about their own payoff but that it is not …
Persistent link: https://www.econbiz.de/10014050416