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analyzed by focusing on three incentive schemes that are frequently used in practice: tournaments, bonuses and piece rates. We …
Persistent link: https://www.econbiz.de/10010262021
analysed by focusing on three incentive schemes that are frequently used in practice: tournaments, bonuses and piece rates. We …
Persistent link: https://www.econbiz.de/10010263111
analyzed by focusing on three incentive schemes that are frequently used in practice: tournaments, bonuses and piece rates. We …
Persistent link: https://www.econbiz.de/10005703572
analysed by focusing on three incentive schemes that are frequently used in practice: tournaments, bonuses and piece rates. We …
Persistent link: https://www.econbiz.de/10005001507
Zur Motivation von Mitarbeitern werden in der Praxis oft sogenannte Incentive-Reisen eingesetzt. Die Teilnahmeberechtigung an einer Incentive-Reise wird dabei typischerweise im Rahmen eines Turniers vergeben, bei dem eine fest umgrenzte Zahl an Mitarbeitern um eine vorgegebene Anzahl an...
Persistent link: https://www.econbiz.de/10005634666
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/10010333996
work periods as tournaments that are linked through fatigue spillovers, inducing a non-time-separable decision problem. We …
Persistent link: https://www.econbiz.de/10011985278
The existing literature on the comparison of tournaments and piece rates as alternative incentive schemes has focused … suffciently convex, first-best effort will be more likely implemented under piece rates than under tournaments. Moreover, if first … tournaments given suffciently convex costs. While tournaments offer a partial insurance due to their fixed prizes, piece rates may …
Persistent link: https://www.econbiz.de/10010263105
In our model, an agent produces an outcome by a costly effort and then distributes it among heterogeneous users. The agent's payoff is the weighted sum of the users? shares and the coefficient reflecting their heterogeneity. When the agent neglects users? heterogeneity the game leads to an...
Persistent link: https://www.econbiz.de/10010276426
Economists have for a long time argued that performance-based bonuses raise performance. Indeed, many firms use bonuses tied to individual performance to motivate their employees. However, there has been heated debate among human resources professionals recently, and some firms have moved away...
Persistent link: https://www.econbiz.de/10012510503