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How can a manager influence workers’ activity, while knowing little about it ? This paper examines a situation where production requires several tasks, and the manager wants to direct production to achieve a preferred allocation of effort across tasks. However, the effort that is required for...
Persistent link: https://www.econbiz.de/10011166496
establishments in the 2000s, we first show that family firms pay on average lower wages to their workers. This family/non-family wage … to the differential of productivity between family and non-family firms or to unobserved establishment and individual …
Persistent link: https://www.econbiz.de/10010795039
We study the relationship between wages, human capital accumulation and work organisation in Morocco using matched … worker-firm data for Metallurgical-electrical and Textile-clothing firms. While wages are found to rise with all human … capital characteristics, returns to education and experience are much higher for the upper wages. Participation in on …
Persistent link: https://www.econbiz.de/10010861614
The authors examine wages and working conditions in meat processing and confectionery in France. Working there may not … require much skill, or command good wages and working conditions, but this article reveals a more complex, positive situation … increase productivity, flexibility and automation. Moreover, retail chains also seek to lower prices and impose just …
Persistent link: https://www.econbiz.de/10010706615
Persistent link: https://www.econbiz.de/10011073273
The paper introduces status as re ecting an agent's claim to recognition in her work. It is a scarce resource: increasing an agent's status requires that another agent's status is decreased. Higher status agents are more willing to exert e ort in exchange for money; better-paid agents would...
Persistent link: https://www.econbiz.de/10010734929
Le thème central de cet ouvrage porte sur l'adéquation des représentations théoriques du comportement décisionnel des agents et sur ses implications pour la pertinence des mesures de la juste valeur des instruments financiers. L'ouvrage vise en premier lieu à mettre en perspective le rôle...
Persistent link: https://www.econbiz.de/10011072712
This paper examines the incentives from stock options for loss-averse employees subject to probability weighting. Employing the certainty equivalence principle, I built on insights from Cumulative Prospect Theory (CPT) to derive a continuous time model to value options from the perspective of a...
Persistent link: https://www.econbiz.de/10010783758
This paper examines the incentives from stock options for loss-averse employees subject to probability weighting. Employing the certainty equivalence principle, I built on insights from Cumulative Prospect Theory (CPT) to derive a continuous time model to value options from the perspective of a...
Persistent link: https://www.econbiz.de/10010891141
This paper examines the incentives from stock options for loss-averse employees subject to probability weighting. Employing the certainty equivalence principle, I built on insights from Cumulative Prospect Theory (CPT) to derive a continuous time model to value options from the perspective of a...
Persistent link: https://www.econbiz.de/10010891143