The current study integrates the repeated game approach to implicit contracts and the analysis of explicit bonus rules based on subjective performance evaluation to determine the optimal structure of the compensation scheme for the average white- collar employee. In contrast to previous...

An mehreren Orten in den USA entstanden in den vergangenen Jahrzehnten Zentren privater Forschungs- und Gründungsaktivitäten, von denen das Silicon Valley südlich von San Francisco wohl das bekannteste ist. Nahe der privat finanzierten Stanford University entstand ein Forschungs- und...

Diese Dissertation enthält vier Aufsätze zur Theorie der Anreizsetzung bei nicht-verifizierbaren Leistungsmaßen. Es werden positive Dominanzanalysen für Anreizmechanismen durchgeführt, die in realen wirtschaftlichen Situationen Anwendung finden. Der erste Aufsatz analysiert zwei...

The current study investigates a tripartite incentive contract between an innovator supplying an intellectual asset, a professional assigned to productive tasks, and a consulting firm specializing in matching ideas and professional skills. A rather simple pure tripartite partnership implements...

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The current study investigates a tripartite incentive contract between an innovator supplying an intellectual asset, a professional assigned to productive tasks, and a consulting firm specializing in matching ideas and professionalskills. A rather simple pure tripartite partnership implements...

The O-Ring theory provides a framework for analyzing the effects of team production on the emergence of firms in the New Economy. Given risk-aversion of the potential team members, the productive advantage of perfect ability matching in teams suffices to establish an equilibrium which separates...

The effect of severance pay on management behavior during a takeover battle is generally ambiguous. Yet, the severance payment completely restraining all influence activities always constitutes a golden handshake. The manager leaving office still benefits from the increase in the merged firm's...