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Dynamic incentive effects of heterogeneity in multi-stage promotion contests

Stracke, Rudi; Sunde, Uwe - 2014

compensated by positive continuation-value and selection effects. Due to these positive dynamic incentive effects of heterogeneity …This paper shows that the incentive effects of heterogeneity may be positive rather than negative in dynamic contests … with multiple stages. In particular, the well-studied adverse effects of heterogeneity in static interactions are …

Persistent link: https://www.econbiz.de/10010394022

Incentives and selection in promotion contests : is it possible to kill two birds with one stone?

Stracke, Rudi; Höchtl, Wolfgang; Kerschbamer, Rudolf; … - 2014

This paper investigates whether a designer can improve both the incentive provision and the selection performance of a …

Persistent link: https://www.econbiz.de/10010260055

How creative are you? : an experimental study on self-selection in a competitive incentive scheme for creative performance

Bradler, Christiane - 2015

. The existing evidence on the self-selection of agents is largely limited to job tasks where performance is driven by … productivity, but only according to their risk attitudes and self-assessments. The reason for the absence of a selection of the …

Persistent link: https://www.econbiz.de/10010498559

Heterogeneous contestants and effort provision in tournaments : an empirical investigation with professional sports data

Berger, Johannes; Nieken, Petra - 2010

a highly significant negative impact of the matchup's heterogeneity on joint teame efforts. However, further analysis …

Persistent link: https://www.econbiz.de/10003985609

Competing on the holodeck : the effect of virtual peers and heterogeneity in dynamic tournaments

Graff, Jan Frederik; Grund, Christian; Harbring, Christine - 2018

.g., heterogeneity in dynamic tournaments. We simulate a realistic working situation in a highly immersive environment. Implementing a …

Persistent link: https://www.econbiz.de/10011946765

Optimal incentive contracts for a worker who envies his boss

Dur, Robert A. J.; Glazer, Amihai - 2004

A worker's utility may increase in his own income, but envy can make his utility decline with his employer's income. Such behavior may call for high-powered incentives, so that increased effort by the worker little increases the income of his employer. This paper uses a principal-agent model to...

Persistent link: https://www.econbiz.de/10002239703

The Cost of Non-Decreasing Pay : Tenured Academics and Civil Servants

Morfov, Stanimir - 2012

This paper formally analyzes the optimal implementation of compensation schemes where the wage cannot decrease in time. Such arrangements are commonly applied to tenured academics and civil servants. We use a finite-horizon model of moral hazard to analyze the disincentive effects and the cost...

Persistent link: https://www.econbiz.de/10014174591

Entrepreneurship, Compensation, and the Corporation

Manne, Henry G. - 2011

This paper revisits the concept of entrepreneurship, which is frequently neglected in mainstream economics, and discusses the importance of defining and isolating this concept in the context of large, publicly held companies. Compensating for entrepreneurial services in such companies, ex ante...

Persistent link: https://www.econbiz.de/10014181690

Pay-for-Performance Tests Will Change the US Game

Stern, Hermann J. - 2012

Based on current say-on-pay voting patterns and empirical evidence for pay-for-performance in the largest 100 US companies, this paper argues that public and shareholder scrutiny of executive compensation will further increase. The result will be much more shareholder rejections of executive...

Persistent link: https://www.econbiz.de/10014040767

Social Relations and Relational Incentives

Dur, Robert A. J.; Tichem, Jan - 2012

This paper studies how social relationships between managers and employees affect relational incentive contracts. To this end we develop a simple dynamic principal-agent model where both players may have feelings of altruism or spite toward each other. The contract may contain two types of...

Persistent link: https://www.econbiz.de/10014040813