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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
competition affect agents' performance? In a real-effort laboratory experiment, we study a one-time increase in incentives in a … sequence of equally incentivized contests. Our results suggest that a short-term increase in incentives induces a behavioral …
Persistent link: https://www.econbiz.de/10011895040
provide powerful incentives and are superior to explicit incentive contracts when there are some fair-minded players. But …, which offer important new insights into the interaction of contract choices, fairness and incentives. … trust contracts that pay a generous wage upfront are less efficient than incentive contracts. The principals understand this …
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We develop a new approach to quantify how patients respond to dynamic incentives in health insurance contracts with a … large Dutch health insurer we find that individuals are forward-looking. Changing dynamic incentives by increasing the … annual level. The response to dynamic incentives is an important part of the overall effect of cost-sharing schemes on …
Persistent link: https://www.econbiz.de/10012837905
incentive-based compensation, consistent with theoretical predictions that termination incentives can substitute for incentive …
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Labor relations involve incentive problems. The market solves these problems by developing a variety of institutions …. This paper describes and assesses the various forms of incentive contracts …
Persistent link: https://www.econbiz.de/10013236722
This paper examines the optimal provision of incentives for contract designers. A principal hires an agent to draft a … characterize the optimal incentive scheme for the agent and discuss implications for the degree of contract incompleteness and the … contract that is incomplete because the ex-ante specified design might not be appropriate ex-post. The degree of contract …
Persistent link: https://www.econbiz.de/10013213552