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piece-rate system and a tournament-based bonus system using a laboratory experiment with salient financial incentives. An …
Persistent link: https://www.econbiz.de/10005429825
In this paper, we analyze a principal's optimal feedback policy in tournaments. We close a gap in the literature by assuming the principal to be unable to commit to a certain policy at the beginning of the tournament. Our analysis shows that in equilibrium the principal reveals in-termediate...
Persistent link: https://www.econbiz.de/10005785932
A real effort experiment is investigated in which supervisors have to rate the performance of individual workers who in …
Persistent link: https://www.econbiz.de/10008557231
supply using a real effort experiment. Two results stand out. First, no one theory seems to fit the pooled data. On average …
Persistent link: https://www.econbiz.de/10011453435
We develop a model of strategic contractual incompleteness that identifies conditions under which principals might omit even costlessly verifiable terms. We then use experiments to test comparative statics predictions of the model. While it is well known that verifiability imperfections can...
Persistent link: https://www.econbiz.de/10010457849
-exchange experiment, the employer can express respect by giving the employee costly symbolic rewards after observing his level of effort …. This experiment sheds light on the extent to which symbolic rewards are used, how they affect employees' further effort …
Persistent link: https://www.econbiz.de/10013137464
-exchange experiment, the employer can express respect by giving the employee costly symbolic rewards after observing his level of effort …. This experiment sheds light on the extent to which symbolic rewards are used, how they affect employees' further effort …
Persistent link: https://www.econbiz.de/10013137518
competition affect agents\' performance? In a real-effort laboratory experiment, we study a one-time increase in incentives in a …
Persistent link: https://www.econbiz.de/10011932925
-effort experiment based on this model. Consistent with a behavioral approach to public finance, we find that tournament workers are less …
Persistent link: https://www.econbiz.de/10010394004
How does tax complexity affect people's reaction to tax changes? To answer this question, we conduct an experiment in … large or small incentive changes …
Persistent link: https://www.econbiz.de/10013082004