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Career prospects and effort incentives : evidence from professional soccer
Miklós-Thal, Jeanine; Ullrich, Hannes - 2014
It is difficult to test the prediction that future career prospects create implicit effort incentives because researchers cannot randomly “assign” career prospects to economic agents. To overcome this challenge, we use data from professional soccer, where employees of the same club face...
Persistent link: https://www.econbiz.de/10011808006
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Career prospects and effort incentives : evidence from professional soccer
Miklós-Thal, Jeanine; Ullrich, Hannes - 2014
It is difficult to test the prediction that future career prospects create implicit effort incentives because researchers cannot randomly “assign” career prospects to economic agents. To overcome this challenge, we use data from professional soccer, where employees of the same club face...
Persistent link: https://www.econbiz.de/10010442390
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Designing innovation contests for diversity
Letina, Igor; Schmutzler, Armin - 2015 - Revised version, December 2015
suppliers. We also compare other common contests, in particular, fixed-prize tournaments and auctions. Like bonus tournaments …This paper analyzes the design of innovation contests when the quality of an innovation depends on the research …, auctions implement the socially optimal diversity, but usually with higher rents for the suppliers. Fixed-prize tournaments …
Persistent link: https://www.econbiz.de/10011410264
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Cournot Competition Between Teams : an Experimental Study
Raab, Philippe; Schipper, Burkhard C. - 2007
In the economic literature on market competition, firms are often modelled as individual decision makers and the internal organization of the firm is neglected (unitary player assumption). However, as the literature on strategic delegation suggests, one can not generally expect that the behavior...
Persistent link: https://www.econbiz.de/10014029080
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Optimal contest design: a general approach
Letina, Igor; Liu, Shuo; Netzer, Nick - 2020
success function. Our framework includes Tullock contests, Lazear-Rosen tournaments and all-pay contests as special cases …We consider the design of contests for n agents when the principal can choose both the prize profile and the contest …
Persistent link: https://www.econbiz.de/10012223823
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Envy and compassion in tournaments
Grund, Christian; Sliwka, Dirk - 2002
the well being of others. In this paper we examine tournaments among inequity averse agents, who dislike disadvantageous …
Persistent link: https://www.econbiz.de/10011415111
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Top Dogs and Fat Cats : The Debate on High Pay
Edmans, Alex; Hildyard, Luke; Jarvis, Sophie; Knight, Damien - 2021
In contrast to the recent past, there is now widespread concern about the apparent excesses of some pay structures in corporate businesses. Top pay has risen much faster than average levels of pay in the last twenty years. This is in part the consequence of globalisation and developments in...
Persistent link: https://www.econbiz.de/10013225291
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Delegation, promotion, and manager selection
Häusinger, Benjamin - 2019
Promotions serve two purposes. They ought to provide incentives for employees and to select the best employee for a management position. However, if non-contractible managerial decision rights give rise to private benefits and preference misalignment between managers and the firm, these two...
Persistent link: https://www.econbiz.de/10012138859
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Firm Performance, Corporate Governance and Managerial Reward
D'Orio, Giovanni - 2012
The aim of the paper is to test two hypotheses: on one hand, the aim is to analyse if firm’s executive rewards can be explained just by the hierarchical structure of the firm (Model One) while on the other we want to study the correlation between the level of Chief Executive Officer (CEO)...
Persistent link: https://www.econbiz.de/10014173572
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The tragedy of the common holdings : coordination strategies and product market competition
Neus, Werner; Stadler, Manfred - 2022
We study quantity and price competition in heterogeneous triopoly markets where two firms are commonly owned by institutional shareholders, whereas the third firm is owned by independent shareholders. With such a mixed ownership structure, the common owners have an incentive to coordinate their...
Persistent link: https://www.econbiz.de/10013330969