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When designing incentives for a manager, the trade-off between insurance and a "good" allocation of effort across …
Persistent link: https://www.econbiz.de/10011422137
When designing incentives for a manager, the trade-off between insurance and a good allocation of effort across various …
Persistent link: https://www.econbiz.de/10010268002
When designing incentives for a manager, the trade-off between insurance and a "good" allocation of effort across …
Persistent link: https://www.econbiz.de/10003379118
We conduct a field experiment where we vary both the presence of a gift-exchange wage and the effect of the worker's effort on the manager's payoff. Results indicate a strong complementarity between the initial wage-gift and the agent's ability to "repay the gift". We control for differences in...
Persistent link: https://www.econbiz.de/10012064798
It is difficult to test the prediction that future career prospects create implicit effort incentives because …
Persistent link: https://www.econbiz.de/10011808006
It is difficult to test the prediction that future career prospects create implicit effort incentives because …
Persistent link: https://www.econbiz.de/10010442390
Risk-neutral individuals take more risky decisions when they have limited liability. Risk-neutral managers may not when acting as agents under contract and taking costly actions to acquire information before taking decisions. Limited liability makes it optimal to increase the reward for outcomes...
Persistent link: https://www.econbiz.de/10010275809
When designing incentives for a manager, the trade-off between insurance and a "good" allocation of effort across … ; multitasking ; incentives …
Persistent link: https://www.econbiz.de/10003323166
Persistent link: https://www.econbiz.de/10003936335
Risk-neutral individuals take more risky decisions when they have limited liability. Risk-neutral managers may not when acting as agents under contract and taking costly actions to acquire information before taking decisions. Limited liability makes it optimal to increase the reward for outcomes...
Persistent link: https://www.econbiz.de/10003937594