This paper attempts to give some hints for human resources management that are founded on a motivation-based economic analysis of incentives and the idea of relational capital. It is argued that cross-fertilization between traditional economic literature on incentives, experimental economics and...

La valorizzazione e sviluppo del capitale sociale, inteso come catalizzatore e patrimonio di asset intangibili per l'impresa, ha rappresentato uno dei più efficaci rimedi anti-crisi per le imprese di tutto il mondo che hanno dimostrato di saper far fronte a momenti di seria difficoltà. Sebbene...

In recent years, many industries have seen the rise of new inter-organizationalforms. Among those new forms, organizational networks, clusters, and small worlds areattracting increasing interest, both in academic research and management practice. Whileeconomic theory considers such forms to be...

Using firm-level data from Denmark, a country characterized by a high level of adoption of “high-performance work practices” (HPWPs), we document a large percentage of firms with limited adoption and large differences depending on the firms’ organizational structures. To explain these...

This paper experimentally investigates the impact of different pay and relative performance information policies on employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through the production period, and continuously updated...

This paper gives a comprehensive picture of job and worker flows for the entire Danish economy. We exploit a unique central administrative register encompassing all employees of all workplaces across all sectors throughout two business cycles. This enables us to broaden the focus of the previous...

Variable pay not only creates a link between pay and performance but may also help firms in attracting the more productive employees (Lazear 1986, 2000). However, due to lack of natural data, empirical analyses of the relative importance of the selection and incentive effects of pay schemes are...