The theoretical idea of personnel economics is to apply simple economic principles to the field of human resources management. Personnel economics as a research field has grown rapidly since the first text book on “Personnel Economics” was published in 1998. The development is driven by new...

This chapter analyzes how one particular governance mechanism affects the performance of research teams. We look at an external requirement for interdisciplinarity and internationality of Research Training Groups (RTGs) and study how their performance is affected. We expect to observe two...

In this survey article, we review results from behavioural and experimental economics that have a potential application in the field of personnel economics. While personnel economics started out with a clean economic perspective on human resource management (HRM), recently it has broadened its...