Für ein Land ohne natürliche Ressourcen zählt die Qualifikation der Arbeitskräfte zu den entscheidenden Wettbewerbsvorteilen. Es stellt sich die Frage, wie Arbeitnehmer veranlasst werden können, sich weiterzubilden. Christian Lukas untersucht, wie Organisationen mit Hilfe erfolgsabhängiger...

As financial performance measures are not the sole determinant of chief executive officer (CEO) compensation, researchers have investigated social relationships between the CEO and the supervisory board's (SB's) members to identify other determinants. However, different conclusions have been...

In this paper the impact of ability and learning potential on incentive contracts is analyzed. A central feature of the model is that the true ability will not be revealed. The learning potential of an agent is modeled as the magnitude of impact on the agent's expected ability that...

In this paper the impact of ability and learning potential on incentive contracts is analyzed. The model's pay structure shows if agents must be motivated both to acquire knowledge and to use it appropriately the most successful agent need not be the one who receives the highest pay ex post. A...

Non-monotone incentive structures, which - according to theory - are able to induce optimal behavior, are often regarded as empirically less relevant for labor relationships. We compare the performance of a theoretically optimal non-monotone contract with a monotone one under controlled...