We analyze the effects of lower bounds on wages, e.g., minimum wages or liability limits, on job design within firms. In our model, two tasks contribute to non-veriable firm value and affect an imperfect performance measure. The tasks can be assigned to either one or two agents. In the absence...

Ein zukunftsfähiges Gesundheitswesen erfordert es, das Zusammenspiel von Patienteninteressen, Mitarbeiterinteressen und Wirtschaftlichkeit stärker in den Blick zu nehmen. Und es bedeutet, die Konsequenzen der Reorganisationsprozesse der vergangenen Jahre zu thematisieren. Wichtige Ergebnisse...

How can a manager influence workers' activity while knowing little about it? This paper examines a situation where production requires several tasks, and the manager wants to direct production to achieve a preferred allocation of effort across tasks. However, the effort that is required for each...