Englmaier, Florian; Muehlheusser, Gerd; Roider, Andreas - Volkswirtschaftliche Fakultät, … - 2014
We study optimal incentive provision for "knowledge workers", a crucial resource for many organizations. We augment a standard moral-hazard framework to reflect two key patterns: First, retention is a challenge because workers are free to leave; thereby harming their employer. Second, the value...