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empirical inquiries. Researchers have found that mismanagement is often a consequence of misplaced incentives. This paper tries … incentives. An introduction is given as a short overview of the healthcare sector with its economical specialties. This is … followed by an outline of some well established contract models and their effect on the demander’s incentives. The paper …
Persistent link: https://www.econbiz.de/10005464729
Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically … paper reports instead between-subject results on the effect of monetary stakes on risk attitudes for small probability …
Persistent link: https://www.econbiz.de/10008527318
Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically … paper reports instead between-subject results on the effect of monetary stakes on risk attitudes for small probability …
Persistent link: https://www.econbiz.de/10008471892
Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically … paper reports instead between-subject results on the effect of monetary stakes on risk attitudes for small probability …
Persistent link: https://www.econbiz.de/10008791266
Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically … paper reports instead between-subject results on the effect of monetary stakes on risk attitudes for small probability …
Persistent link: https://www.econbiz.de/10008791715
Ergebnisse zeigen, dass die betriebliche Entscheidung für eine naturschutzfachliche Optimierung abhängig ist von der …
Persistent link: https://www.econbiz.de/10011070486
choice of performance measures and incentives depends on the agent’s knowledge, environmental risk, technological uncertainty …This Paper examines optimal incentives and performance measurement in a setting where an agent has specific knowledge …, and job complexity. The theory leads to several novel predictions, as well as new explanations for existing empirical …
Persistent link: https://www.econbiz.de/10005504471
We study a contracting model with unforeseen contingencies in which the court is an active player. Ex-ante, the contracting parties cannot include the risky unforeseen contingencies in the contract they draw up. Ex-post the court observes whether an unforeseen contingency occurred, and decides...
Persistent link: https://www.econbiz.de/10005504519
Persistent link: https://www.econbiz.de/10005478760
. The parties' incentives to undertake relationship-specific investment are reduced, while the parties enjoy greater … to characterize fully the optimal decision rule for the court. The behavior of the optimal court is determined by the … tradeoff between the need for incentives and the gains from insurance that voiding in some circumstances offers to the agents. …
Persistent link: https://www.econbiz.de/10005396408