Showing 41 - 50 of 40,210
Optimally reallocating human capital to tasks is key for an organization to successfully navigate a transition. We study how to design employment contracts to allocate employees to different valuable projects within an organization given two simultaneous challenges: The employees have private...
Persistent link: https://www.econbiz.de/10011980048
under which delegation changes the scope of peer sanction and thus influences the implicit incentives generated by the … information regarding the effient decision. We show that implicit incentives under delegation are strongest in diverse teams and …
Persistent link: https://www.econbiz.de/10013309991
We examine the effects of incentives in a simple model, where a set of rational agents works on a joint task. In the … static model, we show that higher incentives (i.e., higher rewards for success) positively affect the success rate and the … agents’ payoffs. This is in contrast to the dynamic model, where higher incentives can lower the success rate and may also …
Persistent link: https://www.econbiz.de/10013310470
This paper investigates the optimal design of incentives when agents distort probabilities. We show that the type of …, the strength of the incentives included in the optimal contract, and the location of incentives on the output space. Our …
Persistent link: https://www.econbiz.de/10013460007
incentives to affect these choices. It develops a multi-task model where employees makes choices between their assigned standard … tasks, for which the firm has a performance measure and provides incentives, and privately observed innovation opportunities …-powered incentives for standard tasks to encourage more innovation, yet in equilibrium employees undertake too few innovation. The …
Persistent link: https://www.econbiz.de/10014212891
This paper analyzes a multi-task agency relationship with a risk-neutral and financially constraint agent. The agent's performance evaluation is incongruent, i.e. it does not reflect his contribution to firm value, and thus motivates an inefficient effort allocation across tasks. This paper...
Persistent link: https://www.econbiz.de/10014218745
This paper analyzes a multi-task agency model with a risk-neutral and financially constrained agent. The agent's performance evaluation is thereby incongruent, i.e. it does not perfectly reflect the relative contribution of the agent's multi-dimensional effort to firm's profit. This paper...
Persistent link: https://www.econbiz.de/10014028223
We consider a general economy, where agents have private information about their types. Types can be multi-dimensional and potentially interdependent. We show that, if the interim distribution of types is common knowledge (the exact number of agents for each type is known), then a mechanism...
Persistent link: https://www.econbiz.de/10010329994
This paper provides a general analysis of signaling under doublecrossing preferences with a continuum of types. There are natural economic environments where indifference curves of two types cross twice, so that the celebrated single-crossing property fails to hold. Equilibrium exhibits a...
Persistent link: https://www.econbiz.de/10012543995
We consider a general economy, where agents have private information about their types. Types can be multi-dimensional and potentially interdependent. We show that, if the realized frequency of types (the exact number of agents for each type) is common knowledge, then a mechanism exists, which...
Persistent link: https://www.econbiz.de/10011265724