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Testing the Theory of Multitasking : Evidence from a Natural Field Experiment in Chinese Factories

Hong, Fuhai - 2013

A well-recognized problem in the multitasking literature is that workers might substantially reduce their effort on tasks that produce unobservable outputs as they seek the salient rewards to observable outputs. Since the theory related to multitasking is decades ahead of the empirical evidence,...

Persistent link: https://www.econbiz.de/10013072582

Supervisors and Performance Management Systems

Frederiksen, Anders - 2017

We study how heterogeneity in performance evaluations across supervisors affects employee and supervisor careers and … firm outcomes using data on the performance system of a Scandinavian service sector firm. We show that supervisors vary … closely aligned with performance. We also find that higher raters themselves are paid more and that the teams managed by …

Persistent link: https://www.econbiz.de/10012957380

Optimal Incentive Contracts in the Presence of Career Concerns : Theory and Evidence

Gibbons, Robert; Murphy, Kevin James - 2021

This paper studies career concerns -- concerns about the effects of current performance on future compensation -- and … empirical support for this prediction in the relation between chief-executive compensation and stock-market performance …

Persistent link: https://www.econbiz.de/10013228250

Incentive Contracts

Lazear, Edward P. - 2021

Persistent link: https://www.econbiz.de/10013236722

Information Aggregation, Investment, and Managerial Incentives

Albagli, Elias - 2011

We study the interplay of share prices and firm decisions when share prices aggregate and convey noisy information about fundamentals to investors and managers. First, we show that the informational feedback between the firm's share price and its investment decisions leads to a systematic...

Persistent link: https://www.econbiz.de/10013121056

Carrots that Look Like Sticks : Toward an Understanding of Multitasking Incentive Schemes

Al-Ubaydli, Omar - 2012

Constructing compensation schemes for effort in multi-dimensional tasks is complex, particularly when some dimensions are not easily observable. When incentive schemes contractually reward workers for easily observed measures, such as quantity produced, the standard model predicts that...

Persistent link: https://www.econbiz.de/10013099414

The Incentive Effect of Scores : Randomized Evidence from Credit Committees

Paravisini, Daniel - 2014

We design a randomized controlled trial to evaluate the adoption of credit scoring with a bank that uses soft information in small businesses lending. We find that credit scores improve the productivity of credit committees, reduce managerial involvement in the loan approval process, and...

Persistent link: https://www.econbiz.de/10013063295

Misperceptions, Moral Hazard, and Incentives in Groups

Gaynor, Martin - 2021

Recent work has shown that, in the presence of moral hazard, balanced budget Nash equilibria in groups are not pareto-optimal. This work shows that when agents misperceive the effects of their actions on the joint outcome, there exist a set of sharing rules which balance the budget and lead to a...

Persistent link: https://www.econbiz.de/10013248428

The Negative Consequences of Loss-Framed Performance Incentives

Pierce, Lamar; Rees-Jones, Alex; Blank, Charlotte - 2022

Behavioral economists have proposed that incentive contracts result in higher productivity when bonuses are “loss framed”—prepaid then clawed back if targets are unmet. We test this claim in a large-scale field experiment. Holding financial incentives fixed, we randomized the pre- or...

Persistent link: https://www.econbiz.de/10013324669

Incentives in Hmos

Gaynor, Martin; Rebitzer, James B.; Taylor, Lowell J. - 2021

We study the effect of physician incentives in an HMO network. Physician incentives are controversial because they may induce doctors to make treatment decisions that differ from those they would chose in the absence of incentives. We set out a theoretical framework for assessing the degree to...

Persistent link: https://www.econbiz.de/10013233219