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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

Limited liability and the trade-off between risk and incentives

Kräkel, Matthias - 2007

Several empirical findings have challenged the traditional trade-off between risk and incentives. By combining risk … risk and incentives can be explained. …

Persistent link: https://www.econbiz.de/10010383029

Preemptive behavior in sequential tournaments

Jost, Peter-J.; Kräkel, Matthias - 2000

Rank-order tournaments are usually modeled simultaneously. However, real tournaments are often sequentially. We show that agents' strategic behavior significantly differs in sequential tournaments compared to simultaneous tournaments. In a sequential tournament, under certain conditions the...

Persistent link: https://www.econbiz.de/10011335241

Incentives and Anonymity Principle : Crowding Out Toward Users

Crifo, Patricia; Rulliere, Jean-Louis - 2021

anonymity principle. Incentives do matter regarding the crowding effect toward users …

Persistent link: https://www.econbiz.de/10013318907

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

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

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

Treatment of Outliers : Firm Heterogeneity in Managerial Incentive and Corporate Innovation

Ho, Wai-Tung - 2018

Ordinary least squares (OLS) estimates are frequently used to measure the effects of managerial incentives on corporate …

Persistent link: https://www.econbiz.de/10012927101

Managerial Incentives and IPO Failure Risk

Colak, Gonul - 2019

%. The Pay Gap between the CEO and its subordinate executives (tournament incentives) also plays a major role in lowering IPO … failure risk. The effectiveness of CEO pay is strengthened among well-governed firms, whereas tournament incentives are …

Persistent link: https://www.econbiz.de/10012898102

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

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