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Tournaments versus piece rates under limited liability
Kräkel, Matthias - 2004
Lecture on the first SFB/TR 15 meeting, Gummersbach, July, 18 - 20, 2004: The existing literature on the comparison of tournaments and piece rates as alternative incentive schemes has focused on the case of unlimited liability. However, in practice real workers' wealth is typically restricted....
Persistent link: https://www.econbiz.de/10010343971
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The adverse consequences of tournaments : evidence from a field experiment
De Paola, Maria; Gioia, Francesca; Scoppa, Vincenzo - 2016
We run a field experiment to investigate whether competing in rank-order tournaments with different prize spreads affects individual performance. Our experiment involved students from an Italian University who took an intermediate exam in which one part was awarded on the basis of their relative...
Persistent link: https://www.econbiz.de/10011455813
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Does group-based incentive pay lead to higher productivity? : evidence from a complex and interdependent industrial production process
Frederiksen, Anders; Hansen, Daniel Baltzer Schjødt; … - 2022
Group-based incentive pay is attractive in contexts where production is complex and interdependent, yet freeriding is a paramount concern. We assess the introduction of group-based performance pay in a modern industrial production setting using difference-in-difference estimation. Performance...
Persistent link: https://www.econbiz.de/10012804137
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Does a short-term increase in incentives boost performance?
Angelova, Vera; Giebe, Thomas; Ivanova-Stenzel, Radosveta - 2017
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
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Performance-related pay and labor productivity : do pay incentives and financial participation schemes have an effect on a firm's performance?
Lucifora, Claudio - 2015
(individual or group performance) and its design (commissions, piece-rate or sharing schemes). Individual incentives demonstrate … the largest effect, while group or team incentives are smaller in magnitude. The case for government intervention through … tax breaks and other financial incentives is highly debated due to differences across firms and the potential for economic …
Persistent link: https://www.econbiz.de/10011431686
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Incentive schemes, private information and the double-edged role of competition for agents
Bannier, Christina E.; Feess, Eberhard; Packham, Natalie - 2014
This paper examines the effect of imperfect labor market competition on the efficiency of compensation schemes in a setting with moral hazard, private information and risk-averse agents. Two vertically differentiated firms compete for agents by offering contracts with fixed and variable...
Persistent link: https://www.econbiz.de/10010411960
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Optimal incentive contracts for a worker who envies his boss : presented at CESifo Venice Summer Institute, Workshop on Dissecting Globalization, July 2004
Dur, Robert A. J.; Glazer, Amihai - 2004
. Such behavior may call for high-powered incentives, so that increased effort by the worker little increases the income of … various assumptions about the object and generality of envy. Envy amplifies the effect of incentives on effort and, therefore …
Persistent link: https://www.econbiz.de/10011450877
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Incentive schemes, private information and the double-edged role of competition for agents
Bannier, Christina E.; Feess, Eberhard; Packham, Natalie; … - 2016
This paper examines the effect of imperfect labor market competition on the efficiency of compensation schemes in a setting with moral hazard and risk-averse agents, who have private information on their productivity. Two vertically differentiated firms compete for agents by offering contracts...
Persistent link: https://www.econbiz.de/10011498942
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Compensation and Competition for Talent : Talent Scarcity or Incentives?
Giannetti, Mariassunta - 2014
We show that long-term compensation is associated with higher pay in the financial industry and the legal sector. Then, using a detailed survey of law school graduates, we explore why firms use long-term compensation. We find that individuals with jobs that make them highly visible and that...
Persistent link: https://www.econbiz.de/10013064773
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CEO Risk-Taking Incentives and Relative Performance Evaluation
Black, Dirk E. - 2018
This paper examines how changes in CEO risk-taking incentives are associated with changes in the use of relative … that risk-taking incentives and option grants declined following FAS 123R using a within-firm design, but not a within …-CEO-firm design. Decreased risk-taking incentives lead executives to invest in projects with lower systematic risk and can result in …
Persistent link: https://www.econbiz.de/10012940307