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Cournot Competition between Teams: An Experimental Study
Raab, Philippe; Schipper, Burkhard C. - University of Bonn, Germany - 2004
In the economic literature on market competition, firms are often modeled as single decision makers and the internal organization of the firm is neglected (unitary player assumption). However, as the literature on strategic delegation suggests, one can not generally expect that the behavior of...
Persistent link: https://www.econbiz.de/10004968365
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Emotions and Incentives
Kräkel, Matthias - University of Bonn, Germany - 2004
analysed by focusing on three incentive schemes that are frequently used in practice: tournaments, bonuses and piece rates. We …
Persistent link: https://www.econbiz.de/10005001507
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Envy and Compassion in Tournaments
Grund, Christian; Sliwka, Dirk - University of Bonn, Germany - 2002
the well being of others. In this paper we examine tournaments among inequity averse agents, who dislike disadvantageous …
Persistent link: https://www.econbiz.de/10004968464
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Tournaments versus Piece Rates under Limited Liability
Kräkel, Matthias - University of Bonn, Germany - 2004
The existing literature on the comparison of tournaments and piece rates as alternative incentive schemes has focused … suffciently convex, first-best effort will be more likely implemented under piece rates than under tournaments. Moreover, if first … tournaments given suffciently convex costs. While tournaments offer a partial insurance due to their fixed prizes, piece rates may …
Persistent link: https://www.econbiz.de/10004968360
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Limited Liability and the Trade-off between Risk and Incentives
Kräkel, Matthias - University of Bonn, Germany - 2007
everal empirical findings have challenged the traditional trade-off between risk and incentives. By combining risk aversion and limited liability in a standard principal-agent model the empirical puzzle on the positive relationship between risk and incentives can be explained.
Persistent link: https://www.econbiz.de/10004968389
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Severance Payments for Dismissed Employees Severance Payments for Dismissed Employees in Germany
Grund, Christian - University of Bonn, Germany - 2004
This contribution investigates severance payments for dismissed employees in Germany. Particularly, it responds to the following questions: Who receives severance payments? By which characteristics is the level of severance payments determined? Is overcompensation to be considered a relevant...
Persistent link: https://www.econbiz.de/10004968335
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Treating Equals Unequally - Incentives in Teams, Workers' Motivation and Production Technology
Goerg, Sebastian; Kube, Sebastian; Ro'i Zultan - University of Bonn, Germany - 2007
The importance of fair and equal treatment of workers is at the heart of the debate in organizational management. In this regard, we study how reward mechanisms and production technologies affect effort provision in teams. Our experimental results demonstrate that unequal rewards can potentially...
Persistent link: https://www.econbiz.de/10004968354
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The Wage Policy of Firms - Comparative Evidence for the U.S. and Germany from Personnel Data
Grund, Christian - University of Bonn, Germany - 2002
The wage policy of a German and a U.S. firm is comparatively analysed with a focus on the relation between wages and hierarchies. While prior studies examine only one particular firm, in this paper two plants of the same owners with similar production processes in different institutional...
Persistent link: https://www.econbiz.de/10004968382
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On the Hidden Costs of Incentive Schemes
Sliwka, Dirk - University of Bonn, Germany - 2003
By enriching a principal-agent model it is shown that the introduction of monetary incentives may reduce an agent's motivation. In a first step, we allow for the possibility that some agents stick to unverifiable agreements. The larger the fraction of reliable agents, the lower powered will then...
Persistent link: https://www.econbiz.de/10004968398
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The Dispersion of Employees' Wage Increases and Firm Performance
Grund, Christian; Westergaard-Nielsen, Niels - University of Bonn, Germany - 2005
In this contribution we examine the interrelation between intra-firm wage increases and firm performance. Previous studies have focused on the dispersion of wages in order to examine for the empirical dominance of positive monetary incentive effects compared to adverse effects due to fairness...
Persistent link: https://www.econbiz.de/10004968421