Showing 191 - 200 of 127,680
important concepts of organizational economics and contracting. In a first part, students take the role of a principal and … design a contract that consists of a fixed payment and an incentive component. In the second part, students take the role of … contracting. …
Persistent link: https://www.econbiz.de/10003315162
important concepts of organizational economics and contracting. In a first part, students take the role of a principal and … design a contract that consists of a fixed payment and an incentive component. In the second part, students take the role of … contracting. -- Classroom experiments ; post-contractual opportunism ; incentive contracts ; efficiency ; reciprocity ; Coase …
Persistent link: https://www.econbiz.de/10003321818
We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral hazard context. Incentive contracts that are optimal when there are only selfish actors become inferior when some agents are concerned about fairness. Conversely, contracts that...
Persistent link: https://www.econbiz.de/10011398105
Persistent link: https://www.econbiz.de/10011383729
Persistent link: https://www.econbiz.de/10011373645
Persistent link: https://www.econbiz.de/10011376882
Persistent link: https://www.econbiz.de/10011405089
Persistent link: https://www.econbiz.de/10011409065
Persistent link: https://www.econbiz.de/10011869786
Persistent link: https://www.econbiz.de/10011976227