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Team Governance: Empowerment or Hierarchical Control
Friebel, Guido; Schnedler, Wendelin - C.E.P.R. Discussion Papers - 2007
We investigate a team setting in which workers have different degrees of commitment to the outcome of their work. We show that if there are complementarities in production and if the team manager has some information about team members, interventions that the manager undertakes in order to...
Persistent link: https://www.econbiz.de/10005504583
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Task Scheduling and Moral Hazard
Mylovanov, Tymofiy; Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2007
We study a two-period moral hazard problem with risk-neutral and wealth-constrained agents and three identical tasks. We show that the allocation of tasks over time is important if there is a capacity constraint on the number of tasks that can be performed in one period. We characterize the...
Persistent link: https://www.econbiz.de/10005067477
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Taxation and Regulation of Bonus Pay
Besley, Timothy J.; Ghatak, Maitreesh - C.E.P.R. Discussion Papers - 2011
We explore the consequence for taxation and regulation of bonus pay when investors are protected by taxpayers from downside risk. The paper develops a model where workers in financial sector firms make decisions about effort and risk-taking which are influenced by the structure of bonus pay....
Persistent link: https://www.econbiz.de/10009246598
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Bonus Culture: Competitive Pay, Screening, and Multitasking
Bénabou, Roland; Tirole, Jean - C.E.P.R. Discussion Papers - 2013
talented workers leads to an escalating reliance on performance pay and other high-powered incentives, thereby shifting effort … incentives downward in order to extract rents. More generally, as declining market frictions lead employers to compete more …, while inequality tends to rise monotonically. Bonus caps and income taxes can help restore balance in agents' incentives and …
Persistent link: https://www.econbiz.de/10011083769
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Family Ties and Organizational Design: Evidence from Chinese Private Firms
Cai, Hongbin; Li, Hongbin; Park, Albert; Zhou, Li-An - C.E.P.R. Discussion Papers - 2010
same firm. However, family managers face weaker incentives than professional managers as seen in the lower sensitivity of …
Persistent link: https://www.econbiz.de/10008468597
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Herding cats? Management and university performance
McCormack, John; Propper, Carol; Smith, Sarah L. - C.E.P.R. Discussion Papers - 2013
incentives for staff recruitment, retention and promotion, are correlated with both teaching and research performance conditional …
Persistent link: https://www.econbiz.de/10011084536
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Gender Interactions Within Hierarchies: Evidence from the Political Arena
Gagliarducci, Stefano; Paserman, M. Daniele - C.E.P.R. Discussion Papers - 2009
This paper studies gender interactions within hierarchical organizations using a large data set on the duration of Italian municipal governments elected between 1993 and 2003. A municipal government can be viewed as a hierarchy, whose stability over time depends on the degree of cooperation...
Persistent link: https://www.econbiz.de/10005791679
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The Quality of Entrepreneurs
Hvide, Hans K - C.E.P.R. Discussion Papers - 2005
What determines the quality of entrepreneurs? To address this question, the paper proposes a simple model of the interaction between individual workers’ decision to become entrepreneurs and established firms’ effort to keep their best workers and ideas. The main prediction from the model is...
Persistent link: https://www.econbiz.de/10005792326
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The Division of Labour, Coordination, and the Demand for Information Processing
Michaels, Guy - C.E.P.R. Discussion Papers - 2007
Since Adam Smith's time, the division of labour in production has increased significantly, while information processing has become an important part of work. This paper examines whether the need to coordinate an increasingly complex division of labour has raised the demand for clerical office...
Persistent link: https://www.econbiz.de/10005792356
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Pricing a Package of Services
Ketelaar, Felix; Szalay, Dezso - C.E.P.R. Discussion Papers - 2014
We study a tractable two-dimensional model of price discrimination. Consumers combine a rigid with a more flexible choice, such as choosing the location of a house and its quality or size. We show that the optimal pricing scheme involves no bundling if consumer types are affiliated. Conversely,...
Persistent link: https://www.econbiz.de/10011145402