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Implicit contracts, incentive compatibility, and involuntary unemployment : thirty years on
MacLeod, William Bentley; Malcomson, James M. - 2023
with reflections on the future of relational contract theory and practice. …
Persistent link: https://www.econbiz.de/10013500553
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The 2016 Nobel Memorial Prize in contract theory
Schmidt, Klaus M. - 2017
Nobel for their fundamental contributions to contract theory. This article offers a short summary and discussion of their …
Persistent link: https://www.econbiz.de/10011626725
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Incentives and Contract Frames : Comment
Landeo, Claudia - 2011
decisions as well. Hence, contract frames might influence the effectiveness of incentive schemes. This comment first outlines … seminal experimental studies on frames and describes recent work that relates the incentive contract literature with the …) work on individual incentives and contract frames …
Persistent link: https://www.econbiz.de/10013120695
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An Empirical Analysis of Risk, Incentives and the Delegation of Worker Authority
DeVaro, Jed - 2010
workers' environments and incentive pay. The authors employ Prendergast's (2002) theory that incorporates the delegation of … delegation of worker decision rights …
Persistent link: https://www.econbiz.de/10013137206
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Labor Market Immobility and Incentive Contract Design
Lin, Chen - 2020
Research suggests that restricted labor mobility discourages managers from investing in human capital and reduces firm value. However, whether firms re-incentivize managers to mitigate its adverse effects remains unexplored. We find that after the adoption of the inevitable disclosure doctrine...
Persistent link: https://www.econbiz.de/10012850825
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The management of talent for innovation : optimal contracting for selection and incentives
Foarta, Dana; Sugaya, Takuo - 2018
contract and show how it separates the employee types. The optimal contract menu pairs a higher probability of assignment to …
Persistent link: https://www.econbiz.de/10011980048
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The interaction between explicit and relational incentives : an experiment
Sloof, Randolph; Sonnemans, Joep - 2009
contract), because this game better sustains (implicit) relational incentives backed by either reputational or reciprocity …
Persistent link: https://www.econbiz.de/10011378080
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Reciprocity in dynamic employment relationships
Fahn, Matthias - 2019
This paper explores how a relational contract establishes a norm of reciprocity and how such a norm shapes the …
Persistent link: https://www.econbiz.de/10012002999
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Reciprocity in dynamic employment relationships
Fahn, Matthias - 2019
the presumption that a relational contract can establish a norm of reciprocity, I show that generous upfront wages that …
Persistent link: https://www.econbiz.de/10012126237
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Contract design with socially-attentive preferences
Koch, Simon; Sarbu, Miruna; Weinschenk, Philipp - 2019
The standard agency model assumes that the agent does not care how his decisions influence others. This is a strong assumption, which we relax. We find that, although monetary incentives are effective also with sociallyattentive agents, the principal may optimally set none. This could explain...
Persistent link: https://www.econbiz.de/10012268393