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behavior through incentives. We study the impact of these two roles of information on profits by implementing a field … experiment in a large retail chain. In a 2 × 2 factorial design, we vary: (i) whether store managers obtain access to decision …
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In this paper we report on a principal-agent experiment where the principal can choose whether to rely on an …. Our experiment suggests that principals who are less fair are more likely to choose a combined contract and less likely to … actually pay the announced bonus. This offers a new explanation for why explicit and implicit incentives are substitutes rather …
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When verifiable performance measures are imperfect, organizations often resort to subjective performance pay. This may give supervisors the power to direct employees towards tasks that mainly benefit the supervisor rather than the organization. We cast a principal-supervisor-agent model in a...
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