A common structure for points schemes is proposed. Data generated from points schemes can identify structural parameters. FIML estimation is discussed and examples given. The main barrier to estimation is computational time

The paper explores the "hidden costs of rewards" in a dynamic principal-agent framework, in which an informed principal selects in each period a reward for an agent. It shows that rewards are often addictive in that once offered, a contingent reward makes the agent expect it whenever a similar...

In this paper, we combine the strategic delegation approach of Fershtman-Judd-Sklivas with contets. The results show that besides a symmetric equilibrium there also exist asymmetric equilibria in which one owner induces pure sales maximization to his manager so that all the other firms drop out...

Die Situationslogik mehrseitiger Dilemmata blockiert häufig den organisatorischen Wandlungsprozess. Dieser Beitrag entwickelt eine Heuristik, wie Change Manager zwi-schen einem Optimierungsbedarf auf der Ebene der Spielzüge und einem Anpassungs-bedarf auf der Ebene der Spielregeln...