Manthei, Kathrin; Mohnen, Alwine - In: Zeitschrift für Personalforschung (ZfP) 27 (2013) 4, pp. 331-353
According to most simple agency models only the performance dependent part of the compensation drives the agent's effort decision. However, we show that this is not necessarily the case for reference dependent and loss averse agents. Based on Pokorny (2008) we firstly analyze the impact of the...