Download or read book Essays on the Theory of Incentives and Information written by Luis Rayo and published by . This book was released on 2002 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on the Theory of Incentives written by Shane B. Evans and published by . This book was released on 2010 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis explores models of procurement, franchising and innovation through the lens of the theory of incentives. Chapter 2 examines the influence of type-dependent reservation utility on the optimality of linear contracts in a Principal-Agent model of procurement. Type-dependency of reservation utility, combined with the requirements of individual rationality and incentive compatibility in the principal's contracts induces a countervailing incentive effect, the strength of which depends on an index of quality or degree of competition that the agent would face in a private market. The results show how the curvature of the reservation utility dictates whether the optimal contracts can be implemented with a menu of linear contracts, and how the magnitude of the private market index influences the net-transfer rule.
Download or read book Essays on Motivation and Incentives written by and published by . This book was released on 2015 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Information Incentives and Economic Mechanisms written by Theodore Groves and published by U of Minnesota Press. This book was released on 1987 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: Printbegrænsninger: Der kan printes 10 sider ad gangen og max. 40 sider pr. session
Download or read book Essays in the Theory of Incentives and Organisations written by Florian Ederer and published by . This book was released on 2004 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Equality Moral Incentives and the Market written by Joseph H. Carens and published by Joseph H. Carens. This book was released on 1981-01-01 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book argues that by relying on moral incentives it is possible, in principle, to separate the organizational advantages of the market from its distributional disadvantages. In theory, we can imagine a politico-economic system that distributes income equally (or on some other principle) but has all the efficiency characteristics of a capitalist market system. This shows that the market can provide an institutional mechanism for realizing ideals of distributive justice. The book provides a theoretical model of the system, identifying its requirements. It then offers arguments from empirical social science about why the model should work under appropriate conditions.
Download or read book Essays on Incentives and Compensation written by David Scott Kaplan and published by . This book was released on 1998 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on the Economic Theory of Contracts and Incentives written by Patrick W. Schmitz and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Contract Design and Incentive Provision written by Eva I. Hoppe-Fischer and published by Springer. This book was released on 2019-02-19 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contract theory, which emphasizes the importance of unverifiable actions and private information, has been a highly active field of research in microeconomics in the last decades. This thesis is divided into two parts. Part I consists of three chapters that study contract-theoretic models which are motivated by the classic procurement problem of a principal who wants an agent to deliver a certain good or service. In such models it is typically assumed that decision makers are interested in their own monetary payoffs only. Moreover, they have unlimited cognitive abilities and behave in a perfectly rational way. Yet, in practice people often do not behave this way. While empirical research is very difficult in contract theory, laboratory experiments have recently turned out to be an important source of data. In Part II, three experimental studies are presented that investigate contract-theoretic problems brought up in Part I.
Download or read book Rethinking Investment Incentives written by Ana Teresa Tavares-Lehmann and published by Columbia University Press. This book was released on 2016-07-12 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments often use direct subsidies or tax credits to encourage investment and promote economic growth and other development objectives. Properly designed and implemented, these incentives can advance a wide range of policy objectives (increasing employment, promoting sustainability, and reducing inequality). Yet since design and implementation are complicated, incentives have been associated with rent-seeking and wasteful public spending. This collection illustrates the different types and uses of these initiatives worldwide and examines the institutional steps that extend their value. By combining economic analysis with development impacts, regulatory issues, and policy options, these essays show not only how to increase the mobility of capital so that cities, states, nations, and regions can better attract, direct, and retain investments but also how to craft policy and compromise to ensure incentives endure.
Download or read book Incentives and Institutions written by Serkan Kucuksenel and published by . This book was released on 2009 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Economic Incentives in Environmental Policy written by Isla Rose Globus-Harris and published by . This book was released on 2017 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation explores environmental economics, focusing on the interaction between incentives and environmental policies. I use microeconomic theory, mechanism design, and empirical economic techniques to examine the importance of considering incentives and adverse selection when formulating environmental policy. Chapter 1 uses microeconomic theory to demonstrate the importance of considering adverse selection and perverse incentives when formulating environmental policy, with a particular focus on environmental trade ratios. Chapter 2 use mechanism design to demonstrate how heterogeneous outside options can be exploited to enhance screening in an environmental subsidy program setting. Chapter 3 uses both economic theory and empirics to measure the extent of an adverse selection problem in an environmental subsidy program.
Download or read book Essays on Team based Incentives written by Hua Chen and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past few decades, team-based incentives are used by more and more organizations to motivate their agents to exert effort. The usage of team incentives creates many challenges, especially the "free-riding" problem. In current dissertation, we provide the evidence from the laboratory and field experiments to answer several critical questions faced by managers: Given the potency of free-riding and without task complementary, could team-based incentives be at least as effective as individual-based incentives or even better? If so, under what condition would the team-based incentives be effective? Furthermore, what are the driving forces that make team-based incentives effective? In essay 1, we focus on the piece rates compensation scheme. Specifically, we examine three types of incentives: Individual incentive where agents are paid by a commission rate purely on their individual output; Team-based incentive where agents are paid by a commission rate on the weighted average of individual output and team output (the average of output of all the members in the team). Team-based incentive can be further categorized as Team incentive when the weight of individual output is zero and Hybrid incentive with the weight greater than zero but less than one. We find that team-based incentives could be as effective as individual-based incentives under certain environment. More important, changing the structure of team-based incentives by varying the proportion of individual output and team output can make team-based incentives even more effective. Last, appropriate mutual monitoring is helpful but "perfect" mutual monitoring may induce negative effect on agents' effort. In essay 2, we compare the efficacy of team-based versus individual-based incentives using economic experiments, answering the following question: when designing contests to motivate employees, should managers organize employees to compete in teams or as individuals? We develop a behavioral economics model that shows that if contestants are averse to being responsible for their team's loss, a team-based contest can yield higher effort as compared to an individual-based contest. We test this prediction for a four-person contest using a laboratory economics experiment. The results show that when contestants do not know each other, average effort levels in the individual-based and team-based contests are no different. However, when we allow contestants to socialize with potential teammates before making effort decisions, team-based contests yield higher effort relative to individual-based contests. We also conduct a field experiment that compares team-based and individual-based contests in a setting where contestants are familiar with one another. The results parallel those from the lab and indicate that team-based contests generate higher sales.
Download or read book Three Essays on Incentives and Motivation Among Workers written by Ericka Scherenberg Farret and published by . This book was released on 2014 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: The third essay extends the analysis of the principal agent experiments and estimates a finite mixture model to analyze the prevalence agents with social preferences in the two types of organizations. The estimation finds two subgroups of behavior consistent with opportunistic behavior and norm-based behavior.
Download or read book The Theory of Incentives written by Jean-Jacques Laffont and published by . This book was released on 2002 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this student text, Laffont and Martimort introduce the theory of incentives. The study is designed to be methodological and to offer students some initial clues for analysing the issues raised by this important economic theory.
Download or read book Equality Moral Incentives and the Market written by Joseph H. Carens and published by . This book was released on 1981 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inequity Aversion and Incentives written by Ferdinand von Siemens and published by . This book was released on 2004 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
