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Friebel, Guido; Raith, Michael - 2006

leads to weaker incentives for effort, compared with non-integration. Our theory makes minimal assumptions about the … managers. The division managers' job is to create profitable investment projects. Giving the managers incentives to do so …' incentives. The resulting tradeoff between a better use of resources and diminished incentives for effort determines whether …

Persistent link: https://www.econbiz.de/10010268001

Task difficulty, performance measure characteristics, and the trade-off between insurance and well-allocated effort

Schnedler, Wendelin - 2006

When designing incentives for a manager, the trade-off between insurance and a good allocation of effort across various …

Persistent link: https://www.econbiz.de/10010268002

Resource Allocation and Firm Scope

Friebel, Guido; Raith, Michael - Institute for the Study of Labor (IZA) - 2006

leads to weaker incentives for effort, compared with nonintegration. Our theory makes minimal assumptions about the … division managers. The division managers' job is to create profitable investment projects. Giving the managers incentives to do …' incentives. The resulting tradeoff between a better use of resources and diminished incentives for effort determines whether …

Persistent link: https://www.econbiz.de/10005761852

Task Difficulty, Performance Measure Characteristics, and the Trade-Off between Insurance and Well-Allocated Effort

Schnedler, Wendelin - Institute for the Study of Labor (IZA) - 2006

When designing incentives for a manager, the trade-off between insurance and a “good” allocation of effort across …

Persistent link: https://www.econbiz.de/10005566602

Strategic Behaviours in a Labour Market with Mobility-Restricting Contractual Provisions: Evidence from the National Hockey League

Fumarco, Luca; Longley, Neil; Palermo, Alberto; Rossi, … - 2024

We follow workers' performance along an unbalanced panel dataset over multiple years and study how performance varies at the end of fixed-term contracts, in a labour market where some people face a mobility restricting clause (i.e., a noncompete clause). Focusing on the labour market of the...

Persistent link: https://www.econbiz.de/10014533987

On the Prudence of Rewarding A While Hoping for B

Schnedler, Wendelin - 2003

In multiple-task hidden-action models, the (mis-)allocation of effort may play an important role for benefit creation. Signals which capture this benefit and which are used in incentive schemes should thus not only be judged by the noise and the associated costs but also by the mis-allocation...

Persistent link: https://www.econbiz.de/10010262723

Division of labour and directed production

Ratto, Marisa; Schnedler, Wendelin - 2005

We examine a situation where efforts on different tasks positively affect production but are not separately verifiable and where the manager (principal) and the worker (agent) have different ideas about how production should be carried out: agents prefer a less efficient way of production. We...

Persistent link: https://www.econbiz.de/10010267331

Tournaments, individualized contracts and career concerns

Koch, Alexander K.; Peyrache, Eloïc - 2005

of information to future employers and sharpen incentives. Using a simple moral hazard model, we demonstrate that …

Persistent link: https://www.econbiz.de/10010267497

Optimal incentive contracts under moral hazard when the agent is free to leave

Englmaier, Florian; Muehlheusser, Gerd; Roider, Andreas - 2010

We characterize optimal incentive contracts in a moral hazard framework extended in two directions. First, after effort provision, the agent is free to leave and pursue some ex-post outside option. Second, the value of this outside option is increasing in effort, and hence endogenous. Optimal...

Persistent link: https://www.econbiz.de/10010269938

Hidden action, identification, and organization design

Schnedler, Wendelin - 2010

Incentives often fail in inducing economic agents to engage in a desirable activity; implementability is restricted …

Persistent link: https://www.econbiz.de/10010278365