modern compensation theory, but has not been extended to organization theory. The idea is developed by starting from … Williamson's discussion of idiosyncratic exchange. The perspective sheds new light on several topics in the theory of the firm … of incentives, or the role of routines. It implies a “perceptional” theory of the firm that is “realistic” in the sense …

modern compensation theory, but has not been extended to organization theory. The perspective sheds new light on several … topics in the theory of the firm, like the boundaries of the firm, the importance of fairness concerns within firms, the … attenuation of incentives, or the role of routines and incentives. It implies a perceptional theory of the firm that is realistic …

profile is first surveyed and compared. Then, with the help of Contingency Theory of Organizational Sociology, the study …

Several empirical studies have challenged tournament theory by pointing out that (1) there is considerable pay … variation within hierarchy levels, (2) promotion premiums only in part explain hierarchical wage differences and (3) external … recruitment is observable on nearly any hierarchy level. We explain these empirical puzzles by combining job-promotion tournaments …

Several empirical studies have challenged tournament theory by pointing out that (1) there is considerable pay … variation within hierarchy levels, (2) promotion premiums only in part explain hierarchical wage differences and (3) external … recruitment is observable on nearly any hierarchy level. We explain these empirical puzzles by combining job-promotion tournaments …