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Implicit contracts, incentive compatibility, and involuntary unemployment : thirty years on

MacLeod, William Bentley; Malcomson, James M. - 2023

with reflections on the future of relational contract theory and practice. …

Persistent link: https://www.econbiz.de/10013500553

Ahammer, Alexander; Fahn, Matthias; Stiftinger, Flora - 2023

We study the relationship between outside options and workers' motivation to exert effort. We evaluate changes in outside options arising from age and experience cutoffs in the Austrian unemployment insurance (UI) system, and use absenteeism as a proxy for worker effort. Results indicate that a...

Persistent link: https://www.econbiz.de/10014318212

Tournaments, individualized contracts and career concerns

Koch, Alexander K. (contributor); … - 2005

Young professionals typically do not enter into life-long employment relations with a single firm. Therefore, future employers can learn about individuals' abilities from the observable facts regarding earlier work relations. We show that these informational spill-overs have profound...

Persistent link: https://www.econbiz.de/10003275078

Equity and efficiency in multi-worker firms : insights from experimental economics

Abeler, Johannes; Altmann, Steffen; Goerg, Sebastian J.; … - 2011

In this paper, we discuss recent evidence from economic experiments that study the impact of social preferences on workplace behavior. We focus on situations in which a single employer interacts with multiple employees. Traditionally, equity and efficiency have been seen as opposing aims in such...

Persistent link: https://www.econbiz.de/10009307567

More than the money : payoff-irrelevant terms in relational contracts

Cromwell, Erich; Goerg, Sebastian J.; Ziółkowska, Monika - 2018

two economically equivalent contracts - a fixed-term renewable and an open-ended at-will contract. Each contract provides … partners with full flexibility regarding the length and termination of their interaction. When only one contract type is … contract type. However, when both contracts are available offering a fixed-term instead of an open-ended contract is perceived …

Persistent link: https://www.econbiz.de/10011893426

Empowerment and the dark side of delegation

Kräkel, Matthias - 2018

The existing delegation literature has focused on different preferences of principal and agent concerning project … selection, which makes delegating authority costly for the principal. This paper shows that delegation has a cost even when the … without task commitment and other behavioral effects the principal might forgo delegation though being efficient. …

Persistent link: https://www.econbiz.de/10011795221

Helping in teams

Danilov, Anastasia; Harbring, Christine; Irlenbusch, Bernd - 2014

We study, how help can be fostered under relative rewards by means of team bonus and corporate value statements. A simple model analysis suggests that team members help less as relative rewards increase. As one potential measure to encourage help, we augment relative rewards with team rewards...

Persistent link: https://www.econbiz.de/10010457828

Helping under a combination of team and tournament incentives

Danilov, Anastasia; Irlenbusch, Bernd; Harbring, Christine - 2019

We study how help can be fostered by means of a team bonus in the presence of rank-order tournaments. In a simple model we combine elements of relative rewards and a team bonus and study their effect on effort, help and sabotage. Quite intuitively the theoretical analysis suggests that team...

Persistent link: https://www.econbiz.de/10011997551

The effectiveness of incentive schemes in the presence of implicit effort costs

Goerg, Sebastian J.; Kube, Sebastian; Radbruch, Jonas - 2017

costs under low-powered piece-rate and target-based bonus contracts, but not under a high piece rate contract. In addition …

Persistent link: https://www.econbiz.de/10011612917

The hold-down problem and the boundaries of the firm : lessons from a hidden action model with endogenous outside option

Schnedler, Wendelin; Sunde, Uwe - 2002

This paper offers a rationale for limiting the delegation of (real) authority, which neither relies on insurance …

Persistent link: https://www.econbiz.de/10011410683

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