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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
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
distinguish two cases. First, the firm owner chooses the intensity of motivation and bears the motivational costs. Second, another …
Persistent link: https://www.econbiz.de/10010250173
. Yet, they constrained their attention to a very narrow and empirically questionable view of human motivation. The purpose … of this paper is to show that this narrow view of human motivation may severely limit understanding the determinants and … effects of incentives. Economists may fail to understand the levels and the changes in behaviour if they neglect motives like …
Persistent link: https://www.econbiz.de/10011409795
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distinguish two cases. First, the firm owner chooses the intensity of motivation and bears the motivational costs. Second, another …
Persistent link: https://www.econbiz.de/10013057261
In many contracting settings, actions costly to one party but with no direct benefits to the other (money-burning) may be part of the explicit or implicit contract. A leading example is bureaucratic procedures in an employer-employee relationship. We study a model of delegation with an informed...
Persistent link: https://www.econbiz.de/10011524157
Why does individual performance pay seem to prevail in human capital intensive industries? We present a model that may explain this. In a repeated game model of relational contracting, we analyze the conditions for implementing peer dependent incentive regimes when agents possess indispensable...
Persistent link: https://www.econbiz.de/10012778199