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place on a website set up to promote a fundraising drive by a large cancer research charity. Site visitors who choose to … fixed number of points that help take the campaign further.We compare low and high levels of such incentives for direct … (where referred contacts refer others). We find that providing high level of incentives results in a statistically …
Persistent link: https://www.econbiz.de/10013034083
This paper studies how asymmetric information over inputs affects workers' response to incentives and self-selection at … and managers shape the response to incentives and self-selection at the workplace. …
Persistent link: https://www.econbiz.de/10012147088
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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
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
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"Implicit Contracts, incentive compatibility, and involuntary unemployment" (MacLeod and Malcomson, 1989) remains our most highly cited work. We briefly review the development of this paper and of our subsequent related work, and conclude with reflections on the future of relational contract...
Persistent link: https://www.econbiz.de/10013500553
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Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard – the tendency of the supply...
Persistent link: https://www.econbiz.de/10010199693