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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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Pay transparency under subjective performance evaluation
Fahn, Matthias; Zanarone, Giorgio - 2021
This paper studies how pay transparency affects organizations that reward employees based on their efforts (i.e., using "subjective performance evaluation"). First, we show that transparency triggers social comparisons that require the organization to pay its employees an "envy premium". This...
Persistent link: https://www.econbiz.de/10012416248