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This paper studies how altruism between managers and employees affects relational incentive contracts. To this end we …
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We develop a product market theory that explains why firms invest in general training of their workers. We consider a …
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. Our results are consistent with the theory of strategic ambiguity of Bernheim and Whinston (1998) and can be rationalized …
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sequential tournament, under certain conditions the first acting agent chooses a preemptively high effort so that the following …
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research (Davies & Fafchamps, 2017) has shown that managers in Ghana are reluctant to use monetary incentives to motivate …
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