Narrow search
Showing 81 - 90 of 107,491
Cover Image
Optimal Contracting with Endogenous Project Mission
Cassar, Lea - 2016
Empirical evidence shows that workers care about the mission of their job in addition to their wage. This suggests that employers can use the job mission to incentivize and screen their workers. I analyze a model in which a principal selects one agent to develop a project and influences the...
Persistent link: https://www.econbiz.de/10012986072
Cover Image
Incentive Contracts and Downside Risk Sharing
Sinclair-Desgagné, Bernard - 2017
This paper seeks to characterize incentive compensation in a static principal-agent moral hazard setting in which both the principal and the agent are prudent (or downside risk averse). We show that optimal incentive pay should then be `approximately concave' in performance, the approximation...
Persistent link: https://www.econbiz.de/10012975659
Cover Image
Optimal Contracts with Reflection
Grochulski, Borys - 2020
In this paper, we show that whenever the agent's outside option is nonzero, the optimal contract in the continuous …. The agent is then asked to resume effort, and the contract continues. We show that a nonzero agent's outside option arises …
Persistent link: https://www.econbiz.de/10012854897
Cover Image
Contract design with socially-attentive preferences
Koch, Simon; Sarbu, Miruna; Weinschenk, Philipp - 2019
The standard agency model assumes that the agent does not care how his decisions influence others. This is a strong assumption, which we relax. We find that, although monetary incentives are effective also with sociallyattentive agents, the principal may optimally set none. This could explain...
Persistent link: https://www.econbiz.de/10012268393
Cover Image
Optimal Contracts for Risk Managers
Jung, Jin Yong - 2018
cost minimization problem of the principal, the objective of which is to design the cheapest contract inducing a target … effort. Our results confirm that a one-step bonus contract should be used, which means that a bonus contract is most …
Persistent link: https://www.econbiz.de/10012926192
Cover Image
Understanding and resolving major contractual breaches in buyer-seller relationships : a grounded theory approach
Johnson, Jeff S.; Sohi, Ravipreet S. - In: Journal of the Academy of Marketing Science 44 (2016) 2, pp. 185-205
Persistent link: https://www.econbiz.de/10011453188
Cover Image
Equity and Efficiency in Multi-Worker Firms : Insights from Experimental Economics
Abeler, Johannes - 2011
In this paper, we discuss recent evidence from economic experiments that study the impact of social preferences on workplace behavior. We focus on situations in which a single employer interacts with multiple employees. Traditionally, equity and efficiency have been seen as opposing aims in such...
Persistent link: https://www.econbiz.de/10013124485
Cover Image
Equity and efficiency in multi-worker firms : insights from experimental economics
Abeler, Johannes; Altmann, Steffen; Goerg, Sebastian J.; … - 2011
In this paper, we discuss recent evidence from economic experiments that study the impact of social preferences on workplace behavior. We focus on situations in which a single employer interacts with multiple employees. Traditionally, equity and efficiency have been seen as opposing aims in such...
Persistent link: https://www.econbiz.de/10009307567
Cover Image
Social relations and relational incentives
Dur, Robert A. J.; Tichem, Jan - 2012
Persistent link: https://www.econbiz.de/10009722629
Cover Image
Implicit incentives and delegation in teams
Upton, Harvey - 2021
under which delegation changes the scope of peer sanction and thus influences the implicit incentives generated by the … agents' repeated interaction. Delegation can then become strictly optimal, despite misaligned preferences and symmetric … information regarding the effient decision. We show that implicit incentives under delegation are strongest in diverse teams and …
Persistent link: https://www.econbiz.de/10013309991