phenomenon referred to as choking under pressure. We show that competition for high ability workers nevertheless leads firms to … workers. Bonus payments lead to a social loss which is increasing in the degree of competition. Our paper helps to explain why …

compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most …This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of … perfect competition, the resulting efficiency loss can be much larger than that imposed by a single firm or principal, who …

-dependent exit options for agents. In contrast to screening models with perfect competition, we find that existence of equilibria …This paper examines the effect of imperfect labor market competition on the efficiency of compensation schemes in a … that the efficiency of variable pay depends on the degree of competition for agents: For small degrees of competition, low …

This paper examines the effect of imperfect labor market competition on the efficiency of compensation schemes in a … high degrees of vertical differentiation, i.e. low competition, low-ability agents are under-incentivized and exert too … little effort. For high degrees of competition, high-ability agents are over-incentivized and bear too much risk. For a range …

compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most …This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of … perfect competition, the resulting efficiency loss can be much larger than that imposed by a single firm or principal, who …

compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most …This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of … perfect competition, the resulting efficiency loss can be larger than that imposed by a single firm or principal, who distorts …

This paper examines the effect of imperfect labor market competition on the efficiency of compensation schemes in a … variable payments. The degree of competition then determines the structure of these contracts. Three regions can be … distinguished: For low competition, low-ability agents are under-incentivized and exert too little effort. For high competition …

-dependent exit options for agents. In contrast to screening models with perfect competition, we find that existence of equilibria …This paper examines the effect of imperfect labor market competition on the efficiency of compensation schemes in a … that the efficiency of variable pay depends on the degree of competition for agents: For small degrees of competition, low …

This paper examines the effect of imperfect labor market competition on the efficiency of compensation schemes in a … high degrees of vertical differentiation, i.e. low competition, low-ability agents are under-incentivized and exert too … little effort. For high degrees of competition, high-ability agents are over-incentivized and bear too much risk. For a range …

This paper examines the effect of imperfect labor market competition on the efficiency of compensation schemes in a … variable payments. The degree of competition then determines the structure of these contracts. Three regions can be … distinguished: For low competition, low-ability agents are under-incentivized and exert too little effort. For high competition …