Showing 1 - 10 of 10,460
It has been argued in the multitask agency literature that effort distortion can be mitigated by applying several …
Persistent link: https://www.econbiz.de/10012716711
This paper analyzes the impact of heterogeneous (social) preferences on the weighting and combination of performance measures as well as on a firm's profitability. We consider rivalry, egoism and altruism as extreme forms within the continuum of possible preferences and show that the principal...
Persistent link: https://www.econbiz.de/10010442170
This paper seeks to explore how an agent's incentives to perform influences her performance. We analyze this question … show that the relationship between the incentives to perform and the expected performance could be negative. The paper thus … offers a novel, non-behavioral explanation for the failure of incentives …
Persistent link: https://www.econbiz.de/10012865018
This paper analyzes a multi-task agency relationship with a risk-neutral and financially constraint agent. The agent's performance evaluation is incongruent, i.e. it does not reflect his contribution to firm value, and thus motivates an inefficient effort allocation across tasks. This paper...
Persistent link: https://www.econbiz.de/10014218745
knowledge of the surrounding environment. In this setting, incentives need to be robust to the agent's different beliefs. We …
Persistent link: https://www.econbiz.de/10014192089
reduces the agent's effort incentives owing to income effects in the demand for leisure. It is shown that optimal effort …
Persistent link: https://www.econbiz.de/10014098417
This paper analyzes a multi-task agency model with a risk-neutral and financially constrained agent. The agent's performance evaluation is thereby incongruent, i.e. it does not perfectly reflect the relative contribution of the agent's multi-dimensional effort to firm's profit. This paper...
Persistent link: https://www.econbiz.de/10014028223
and incentives, can induce firms to behave strategically: they will offer very low bids to be awarded the contract …
Persistent link: https://www.econbiz.de/10013149716
under which delegation changes the scope of peer sanction and thus influences the implicit incentives generated by the … information regarding the effient decision. We show that implicit incentives under delegation are strongest in diverse teams and …
Persistent link: https://www.econbiz.de/10013309991
observing the supervisor's effort, reducing the supervisor's incentives to shirk. Thus, joint performance evaluation can be … incentives are paramount. Further, with a less accurate performance measure, the principal's preference for a supervisor …
Persistent link: https://www.econbiz.de/10013036616