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I study the role of financial incentives as signals of job characteristics when these are unknown to potential … incentives on candidates' perception of a brand-new health-promoter position in Uganda and on the resulting size and composition … the community and discourage agents with strong prosocial preferences from applying. While higher financial incentives …
Persistent link: https://www.econbiz.de/10012852829
This paper provides a general analysis of signaling under doublecrossing preferences with a continuum of types. There are natural economic environments where indifference curves of two types cross twice, so that the celebrated single-crossing property fails to hold. Equilibrium exhibits a...
Persistent link: https://www.econbiz.de/10012291224
Persistent link: https://www.econbiz.de/10013279546
An entrepreneur with information about firm quality seeks financing from an uninformed investor in order to pay a worker. I show that if the worker, too, knows the true quality of the firm, then certain long term wage agreements can credibly signal firm quality. Such wage agreements have a low...
Persistent link: https://www.econbiz.de/10010285589
An entrepreneur with information about firm quality seeks financing from an uninformed investor in order to pay a worker. I show that if the worker, too, knows the true quality of the firm, then certain long term wage agreements can credibly signal firm quality. Such wage agreements have a low...
Persistent link: https://www.econbiz.de/10008655549
's type, a selfish principal has to rely on explicit incentives. A fair principal, by contrast, can effectively induce … implicit incentives and hence does not need to use explicit incentives. Interestingly, if a selfish principal can rely on more … effective explicit incentives, a fair principal becomes more likely to be able to separate from the selfish type and, hence, to …
Persistent link: https://www.econbiz.de/10009518322
This paper develops a model in which workers to a certain extent enjoy working. We examine the implications of workers' intrinsic motivation for optimal monetary incentive schemes. We show that motivated workers work harder and, for a given level of effort, are willing to work for a lower wage....
Persistent link: https://www.econbiz.de/10013320529
We find that CEOs issue significantly more favorable management earnings forecasts (MEFs), relative to the prevailing analyst consensus, to boost stock prices when approaching performance evaluation end dates. The effect is more pronounced for firms with lower past stock returns and when award...
Persistent link: https://www.econbiz.de/10013295484
Despite the potential importance of awards as a possible career catalyst, the theoretical and empirical research on awards is still in its infancy. Here, we address this notable shortcoming in the economic literature by exploring data from German youth football. Analyzing whether an early career...
Persistent link: https://www.econbiz.de/10012486027
adjustments can arise from concerns about the incentives of remaining workers. Specifically, I develop a model in which a firm … from workers and thus maintain their incentives for effort. However, if negative shocks accumulate then labor hoarding …
Persistent link: https://www.econbiz.de/10011709242