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reduce the effort costs of a worker, and analyze the optimal combination of motivational effort and monetary incentives. We … conditions under which monetary incentives and motivational effort are substitutes or complements, and show that motivational …
Persistent link: https://www.econbiz.de/10010818589
salaries, incentives, compensations, bonuses, special pension rights, the management of the banks with problems have ignored …
Persistent link: https://www.econbiz.de/10010819537
incentives like performance pay would be less effective in inducing effort in the nonprofit sector as nonprofit workers are ready … monetary incentives, we find a significantly higher sensitivity of effort in the for-profit sector using linear and ordered … the unobserved variables determining the sensitivity of effort to actual or hypothetical monetary incentives. Finally …
Persistent link: https://www.econbiz.de/10010821232
We explore the effects of competitive incentives and of their time horizon on the evolution of both asset prices and …
Persistent link: https://www.econbiz.de/10010821481
Non-governmental organizations (NGOs) play a key role in creating incentives for firms to develop a Corporate Social …
Persistent link: https://www.econbiz.de/10010821511
I analyze a problem of assigning heterogeneous agents (tenants) to heterogeneous principals (landlords), where partnerships are subject to moral hazard in effort choice. The agents differ in wealth endowment and the principals differ in land quality. When the liability of each agent is limited...
Persistent link: https://www.econbiz.de/10010823217
We analyze a situation where a Principal does not necessarily have all the bargaining power while negotiating a contract with an Agent by studying a dynamic multi-objective moral hazard model with hidden action. We .nd that the structure of the optimal contracts change along the Pareto Frontier,...
Persistent link: https://www.econbiz.de/10010823261
In this paper we analyze a repeated Principal Agent model, formulated as a Multi-Objective Optimization problem. We approximate its Pareto Frontier by using a recently proposed Multi-Objective Optimization Evolutionary Algorithm named RankMOEA. We focus on the effects of changes of productivity...
Persistent link: https://www.econbiz.de/10010823313
Understanding how physicians respond to incentives from payment schemes is a central concern in health economics … research. We introduce a controlled laboratory experiment to analyse the influence of incentives from fee-for-service and … incentives are not the only motivation for physicians’ quantity choices, as patients’ health benefits are of considerable …
Persistent link: https://www.econbiz.de/10008913273
-shifting problem by creating incentives to inflate early earnings: to manage this some bonus pay is optimally deferred.  As competition …
Persistent link: https://www.econbiz.de/10008914377