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market theory and personnel economics. Our starting point is the observation that employment relations are frequently … labour market phenomena that are puzzles from the viewpoint of standard economic theory. Further issues in the related field … employment relation and the issues of motivation and incentives systems. We conclude by pointing out the complementary nature of …
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may render the provision of explicit incentive inefficient because the incentives may crowd out voluntary cooperation. It …
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We study the effects of envy on the feasibility of relational contracts in a standard moral hazard setup with two agents. Performance is evaluated via an observable, but non-contractible signal which reflects the agent's individual contribution to firm value. Both agents exhibit disadvantageous...
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may render the provision of explicit incentive inefficient because the incentives may crowd out voluntary co-operation. It …
Persistent link: https://www.econbiz.de/10009781614
may render the provision of explicit incentive inefficient because the incentives may crowd out voluntary co-operation. It …
Persistent link: https://www.econbiz.de/10013321166