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Performance responses to competition across skill-levels in rank order tournaments : field evidence and implications for tournament design
Boudreau, Kevin J.; Helfat, Constance E.; Lakhani, Karim R. - 2013
Tournaments are widely used in the economy to organize production and innovation. We study individual data on 2 …
Persistent link: https://www.econbiz.de/10010192352
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Emotions and the optimality of unfair tournaments
Kräkel, Matthias - 2005
-order tournaments which are frequently used in practice. Tournaments seem to be an appropriate starting point for this concept because … from emotional workers. In this case, he clearly prefers unfair to fair tournaments. Furthermore, the concept of emotions … is used to explain the puzzling findings on the oversupply of effort in experimental tournaments. …
Persistent link: https://www.econbiz.de/10010343963
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Empowerment and the dark side of delegation
Kräkel, Matthias - 2018
The existing delegation literature has focused on different preferences of principal and agent concerning project selection, which makes delegating authority costly for the principal. This paper shows that delegation has a cost even when the preferences of principal and agent are exogenously...
Persistent link: https://www.econbiz.de/10011795221
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Does a short-term increase in incentives boost performance?
Angelova, Vera; Giebe, Thomas; Ivanova-Stenzel, Radosveta - 2017
If agents are exposed to continual competitive pressure, how does a short-term variation of the severity of the 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...
Persistent link: https://www.econbiz.de/10011895040
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Tournaments versus piece rates under limited liability
Kräkel, Matthias - 2004
tournaments and piece rates as alternative incentive schemes has focused on the case of unlimited liability. However, in practice … under piece rates than under tournaments. Moreover, if first-best implementation is not achieved and workers earn positive … rents, efforts and profits will be larger for piece rates than for tournaments given sufficiently convex costs. While …
Persistent link: https://www.econbiz.de/10010343971
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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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The Relationship between Delegation and Incentives across Occupations : Evidence and Theory
DeVaro, Jed; Prasad, Suraj - 2023
A large literature suggests that incentive pay and delegation of worker authority are positively related. Using data from a large cross section of British establishments, we show that the positive relationship found in the empirical literature masks a stark difference across jobs. Classifying...
Persistent link: https://www.econbiz.de/10014255607
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How creative are you? : an experimental study on self-selection in a competitive incentive scheme for creative performance
Bradler, Christiane - 2015
Economic theory suggests that performance pay may serve as an effective screening device to attract productive agents. The existing evidence on the self-selection of agents is largely limited to job tasks where performance is driven by routine, well-defined procedures. This study presents...
Persistent link: https://www.econbiz.de/10010498559
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Person-organization fit and incentives : a causal test
Andersson, Ola; Huysentruyt, Marieke; Miettinen, Topi; … - 2014
We investigate the effects of organizational culture and personal value orientations on performance under individual and team contest incentives. We develop a model of regard for others and in-group favoritism predicting interaction effects between organizational culture and personal values in...
Persistent link: https://www.econbiz.de/10010393276
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Relative performance pay, bonuses, and job-promotion tournaments
Kräkel, Matthias; Schöttner, Anja - 2008
recruitment is observable on nearly any hierarchy level. We explain these empirical puzzles by combining job-promotion tournaments …
Persistent link: https://www.econbiz.de/10010343925