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Persistent link: https://www.econbiz.de/10011748857
incentives and effort provision. To examine this issue, we design three experiments where subjects participate in two-player real …-effort tournaments with two prizes. Experiment 1 shows that subjects exert high effort even if there are no monetary incentives …, suggesting that non-monetary incentives are contributing to their effort choices. Moreover, increasing monetary incentives does …
Persistent link: https://www.econbiz.de/10012901088
Persistent link: https://www.econbiz.de/10011975443
In this paper, the role of the monetary incentives in the employee performance is investigated in the context of Public … Administration (PA). In particular, the distribution of monetary incentives among the employees based on the position held, is … variables that influence the employee performance, and therefore to identify the role of monetary incentives. The linear …
Persistent link: https://www.econbiz.de/10012203623
This paper characterizes equilibrium outcomes of extensive form games with incomplete information in which players can sign renegotiable contracts with third-parties. Our aim is to understand the extent to which third-party contracts can be used as commitment devices when it is impossible to...
Persistent link: https://www.econbiz.de/10010222351
rates on managers’ risk-taking incentives proxied by the sensitivity of executive compensation to stock return volatility … increase the managers’ short-term risk-taking incentives and that those incentives contribute to the risk effectively taken by … incentives of US managers to adopt riskier business policies. Specifically, based on the agency problems between shareholders and …
Persistent link: https://www.econbiz.de/10012694415
Using a structural factor-augmented VAR and a large novel database of daily time series, we examine the impact of unconventional monetary policy on financial and economic uncertainty. Our findings indicate that expansionary unconventional monetary shocks lead to large reductions in uncertainty...
Persistent link: https://www.econbiz.de/10012972665
In this paper we investigate transmission and spillovers of local and foreign economic policy uncertainty shocks to unemployment in two largest economic regions in the world - the United States (US) and the Euro area (EA). For this purpose we deploy Bayesian Markov-switching structural vector...
Persistent link: https://www.econbiz.de/10011437769
I study the role of firms' uncertainty in the transmission of forward guidance to investment. To do so, I employ a quarterly firm-level panel of U.S. publicly traded firms. I measure forward guidance shocks based on unexpected changes in the slope of the yield curve in a 30-minute window around...
Persistent link: https://www.econbiz.de/10013211594
We use the recently created monthly Interest Rate Uncertainty measure, to investigate monetary policy uncertainty across the US, Germany, France, Italy, Spain, UK, Japan, Canada, and Sweden in both the time and frequency domains. We find that the largest spillover indices are from innovations in...
Persistent link: https://www.econbiz.de/10012256519