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Ein typisches Ergebnis einfacher Prinzipal-Agent-Modelle ist, dass die Arbeitsanstrengung des Agenten lediglich vom leistungsabhängigen Teil der Vergütung getrieben wird. In dieser Arbeit wird gezeigt, dass dies nicht notwendigerweise gilt, wenn Agenten referenzpunktabhängige Präferenzen und...
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incentives schemes is not a relevant criterion for sorting decisions in our experiment. Finally, we find that cortisol levels are … performance - in particular, tournament incentives - induce more stress than schemes that are independent of performance - fixed … self-reported feelings of stress and primary appraisals. We find that tournament incentives induce a stress response …
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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...
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performance - in particular, tournament incentives - induce more stress than schemes that are independent of performance - fixed … selfreported feelings of stress and primary appraisals. We find that tournament incentives induce a stress response whereas a fixed … subsequent choice between tournaments and fixed payment schemes, indicating that stress induced by incentives schemes is not a …
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structures and incentives schemes. …
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