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This paper provides evidence that tournaments motivate analysts to behave boldly and that tournament incentives can be … rewarded in tournaments even when accuracy is compromised. These suggest that tournaments could provide perverse incentives to … analysts, and that analysts adapt their behavior to the incentives. The implication is that analysts' impetuous moves, induced …
Persistent link: https://www.econbiz.de/10013115181
develops a simple economic model to examine how leadership styles depend on the prevailing labor-market conditions for workers … socially efficient to do so. Credible use of leadership styles requires either repeated interaction or a leader with the right … leaders and workers, attracting spiteful leaders becomes relatively less costly and unfriendly leadership becomes more …
Persistent link: https://www.econbiz.de/10012315429
During the last two decades economists have made much progress in understanding incentives, contracts and organisations …. 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 …
Persistent link: https://www.econbiz.de/10011409795
We develop a model of manager-employee relationships where employees care more for their manager when they are more convinced that their manager cares for them. Managers can signal their altruistic feelings towards their employees in two ways: by offering a generous wage and by giving attention....
Persistent link: https://www.econbiz.de/10011377053
reduce the effort costs of a worker, and analyze the optimal combination of motivational effort and monetary incentives. We … distinguish two cases. First, the firm owner chooses the intensity of motivation and bears the motivational costs. Second, another … conditions under which monetary incentives and motivational effort are substitutes or complements, and show that motivational …
Persistent link: https://www.econbiz.de/10010250173
Persistent link: https://www.econbiz.de/10011986355
Persistent link: https://www.econbiz.de/10012660183
Persistent link: https://www.econbiz.de/10014634604
reduce the effort costs of a worker, and analyze the optimal combination of motivational effort and monetary incentives. We … distinguish two cases. First, the firm owner chooses the intensity of motivation and bears the motivational costs. Second, another … conditions under which monetary incentives and motivational effort are substitutes or complements, and show that motivational …
Persistent link: https://www.econbiz.de/10013057261
Under relative performance pay, other-regarding workers internalize the negative externality they impose on other workers. In one form -increased own effort reduces others' payoffs- this results in other-regarding individuals depressing efforts. In another form punishment reduces the payoff of...
Persistent link: https://www.econbiz.de/10010224781