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Performance Pay and Multidimensional Sorting - Productivity, Preferences and Gender
Dohmen, Thomas; Falk, Armin - 2011
rate, a tournament or a revenue-sharing scheme. We find that output is higher in the variable pay schemes (piece rate …, tournament, and revenue sharing) compared to the fixed payment scheme. This difference is largely driven by productivity sorting …
Persistent link: https://www.econbiz.de/10010334140
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On Inequity Aversion - A Reply to Binmore and Shaked
Fehr, Ernst; Schmidt, Klaus M. - 2009
theory and their arguments into perspective and show that their criticism is not substantiated. Finally, we briefly comment …
Persistent link: https://www.econbiz.de/10010333922
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Competition and Relational Contracts: The Role of Unemployment as a Disciplinary Device
Brown, Martin; Falk, Armin; Fehr, Ernst - 2011
When workers are faced with the threat of unemployment, their relationship with a particular firm becomes valuable. As a result, a worker may comply with the terms of a relational contract that demands high effort even when performance is not enforceable by a third party. But can relational...
Persistent link: https://www.econbiz.de/10010334150