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responsive to agents' performance. Agents' performance is higher in the presence of goal setting despite weaker incentives. We … incentives and wage-irrelevant goals can be optimal. The pervasive use of non-monetary incentives in the workplace may help … account for previous empirical findings suggesting that firms rely on unexpectedly weak monetary incentives. …
Persistent link: https://www.econbiz.de/10011515824
People are generally assumed to shy away from activities generating stochastic rewards, thus requiring extra compensation for handling any additional risk. In contrast with this view, neuroscience research with animals has shown that stochastic rewards may act as a powerful motivator. Applying...
Persistent link: https://www.econbiz.de/10012178350
People are generally assumed to shy away from activities generating stochastic rewards, thus requiring extra compensation for handling any additional risk. In contrast with this view, neuroscience research with animals has shown that stochastic rewards may act as a powerful motivator. Applying...
Persistent link: https://www.econbiz.de/10012163829
Whereas economists have made extensive studies of the impact of levels of incentives on behavior, they have paid little … attention to the effects of regularity and frequency of incentives. We contrasted three ways of rewarding participants in a real … reinforcement ; ambiguity ; randomness ; incentives ; experiment …
Persistent link: https://www.econbiz.de/10008780451
incentives. Collective enforcement allows the transparent organization to use strong employment relationships to "cross …
Persistent link: https://www.econbiz.de/10012418628
incentives. Collective enforcement allows the transparent organization to use strong employment relationships to "cross …
Persistent link: https://www.econbiz.de/10012416248
We theoretically and experimentally analyze the role of verifiability and privacy in strategic performance feedback using a “one principal-two agent” context with real effort. We confirm the theoretical prediction that information transmission occurs only in verifiable feedbackmechanisms and...
Persistent link: https://www.econbiz.de/10011389425
We design a laboratory experiment to identify causal performance effects of top-down communication between managers and their subordinates. Our focus lies on communication that resolves uncertainty about the work environment but does not provide task-specific knowledge. Recent articles in the...
Persistent link: https://www.econbiz.de/10010360301
FeedbackWe theoretically and experimentally analyze public and private feedback in teams that are characterized by different performance technologies. We consider a setting where the principal can provide truthful information on agents’ performances or strategically withhold feedback. We find...
Persistent link: https://www.econbiz.de/10011737852
Conventional wisdom suggests that an increase in monetary incentives should induce agents to exert higher effort. In … with positive externalities between agents, incentive reversal might occur: an increase in monetary incentives (either … and report on two experiments that provide supportive evidence. -- incentives ; incentive reversal ; team production …
Persistent link: https://www.econbiz.de/10009230143