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Wage floors, imperfect performance measures, and optimal job design : conference paper

Kragl, Jenny; Schöttner, Anja - 2013

We analyze the effects of wage floors on optimal job design in a moral-hazard model with asymmetric tasks and imperfect aggregate performance measurement. Due to cost advantages of specialization, assigning the tasks to different agents is efficient. A sufficiently high wage floor, however,...

Persistent link: https://www.econbiz.de/10010339385

An optimal incentive contract to avert firm relocation : conference paper

Pollrich, Martin; Schmidt, Robert C. - 2014 - Preliminary and incomplete version

In a globalized economy, firms move production to other countries without turning a hair. A local policy maker who seeks to avert relocation faces a dynamic problem - incentivizing the firm to remain in its home country today does not guarantee that the firm also stays in the future. We...

Persistent link: https://www.econbiz.de/10010482509

Effort incentives and on-the-job search : an alternative role for efficiency wages in employment contracts ; conference paper

Herbold, Daniel - 2013

wages increase the agent's work effort incentives for a given bonus scheme. Thus, efficiency wages serve as a complement … rather than as a substitute to piece rates. Our results provide a new rationale for the use of efficiency wages as an … incentive device and hence greatly extend the set of environments in which efficiency wages are predicted to be useful as an …

Persistent link: https://www.econbiz.de/10010338954

Venture capital financing of innovation races : conference paper

Kovác, Eugen - 2014 - Preliminary and incomplete

This paper analyzes innovation races in a moral hazard setting. I develop a model where two competing entrepreneurs, financed by a single venture capitalist, work independently on the same project. The venture capitalist cannot observe the allocation of funds she provides, which creates a moral...

Persistent link: https://www.econbiz.de/10010481326

Bad mergers revisited : an incentive perspective ; conference paper

Kräkel, Matthias; Müller, Daniel - 2013

We consider a two-stage principal-agent model with limited liability in which a CEO is employed as agent to gather information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that the CEO systematically recommends targets with low...

Persistent link: https://www.econbiz.de/10010340013

Assessment Center als Instrument der Personalentwicklung : Schlüsselkompetenzen, Qualitätsstandards, Prozeßoptimierung

Arbeitskreis Assessment-Center - 1996 - 1. Auflage

Persistent link: https://www.econbiz.de/10013410428

The heterogeneous effects of bonus pay on performance outcomes : evidence from personnel data ; conference paper

Sauermann, Jan - 2014

This study uses rich information on performance outcomes to estimate the effect of bonus pay on worker productivity. We use a policy discontinuity in the call centre of a multi-national telephone company in which management introduced monetary bonuses upon achieving pre-defined performance...

Persistent link: https://www.econbiz.de/10010489250

Regional implications of financial market development : credit rationing, trade, and location ; conference paper

Ehrlich, Maximilian von; Seidel, Tobias - 2013

We develop a heterogeneous-firms model with trade in goods, labor mobility and credit constraints due to moral hazard. Mitigating financial frictions reduces the incentive of high-skilled workers to migrate to one region such that an unequal distribution of industrial activity becomes less...

Persistent link: https://www.econbiz.de/10010344666

Health - insurance - equity : the special issue of the Annales d'économie et statistique

2006

Persistent link: https://www.econbiz.de/10003511134

Causal effects of educational mismatch in the labor market : conference paper

Kleibrink, Jan - 2013

This paper analyses the causal effects of educational mismatch on wages, individual health and job satisfaction. As …

Persistent link: https://www.econbiz.de/10010341095

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