Incentive Schemes, Private Information and the Double-Edged Role of Competition for Agents

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Incentive Schemes, Private Information and the Double-Edged Role of Competition for Agents by : Christina E. Bannier

Download or read book Incentive Schemes, Private Information and the Double-Edged Role of Competition for Agents written by Christina E. Bannier and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the effect of imperfect labor market competition on the efficiency of compensation schemes in a setting with moral hazard and risk-averse agents, who have private information on their productivity. Two vertically differentiated firms compete for agents by offering contracts with fixed and variable payments. The superior firm employs both agent types in equilibrium, but the competitive pressure exerted by the inferior firm has a strong impact on contract design: For high degrees of vertical differentiation, i.e. low competition, low-ability agents are under-incentivized and exert too little effort. For high degrees of competition, high-ability agents are over-incentivized and bear too much risk. For a range of intermediate degrees of competition, however, agents' private information has no impact and both contracts are second-best. Interim efficiency of the least-cost separating allocation in the inferior firm is a sufficient condition for equilibrium existence. If this is violated, there can only be equilibria where the inferior firm "overbids", i.e. where it would not break even when attracting both agent types. Adding horizontal differentiation allows for pure-strategy equilibria even when there would be no equilibrium without overbidding in the pure vertical model, but equilibria with overbidding fail to exist.

Honours versus Money

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Publisher : Oxford University Press
ISBN 13 : 0192519492
Total Pages : 144 pages
Book Rating : 4.1/5 (925 download)

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Book Synopsis Honours versus Money by : Bruno S. Frey

Download or read book Honours versus Money written by Bruno S. Frey and published by Oxford University Press. This book was released on 2017-08-15 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Honours fulfil one of the most fundamental desires of human beings, namely, to be recognised and held in esteem by others. There are thousands of awards in all areas of society: the state, arts and media, sports, religion, the voluntary sector, academia, and business. Awards are well visible, can raise the recipients' intrinsic motivation and creativity, and establish a bond of loyalty to the giver. They have distinct advantages over money and other rewards. Presenting empirical evidence using modern statistical techniques Honours versus Money argues that awards can significantly raise performance in different contexts even if they are purely symbolic, recommending how this can be used in practice. It makes the case for reorienting our focus- away from the monetary or material dimensions of work and private life, and towards the symbolic dimensions to celebrate and shine a light on merit and achievement. Honours versus Money discusses award bestowals in their different forms and facets, including as signals and as components of organisations' human resource strategies. It opens our perspective for motivational strategies beyond money, while also outlining their potential pitfalls.

Incentive Plans and Multi-agent Information Sharing

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Publisher :
ISBN 13 :
Total Pages : 356 pages
Book Rating : 4.3/5 (129 download)

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Book Synopsis Incentive Plans and Multi-agent Information Sharing by : Susan Pickard Ravenscroft

Download or read book Incentive Plans and Multi-agent Information Sharing written by Susan Pickard Ravenscroft and published by . This book was released on 1989 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Principal Agent Model

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Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 726 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis The Principal Agent Model by : Jean-Jacques Laffont

Download or read book The Principal Agent Model written by Jean-Jacques Laffont and published by Edward Elgar Publishing. This book was released on 2003 with total page 726 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economics of asymmetric information has been the most important new tool of economic analysis and has proved powerful in explaining many aspects of the functioning of the economy. This anthology brings together every major paper in the field.

Corporate Social Responsibility and Corporate Change

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Publisher :
ISBN 13 : 9783030154066
Total Pages : 293 pages
Book Rating : 4.1/5 (54 download)

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Book Synopsis Corporate Social Responsibility and Corporate Change by : Arnaud Sales

Download or read book Corporate Social Responsibility and Corporate Change written by Arnaud Sales and published by . This book was released on 2019 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: This wide-ranging book examines the new dynamics of corporate social responsibility (CSR) and the impact they have had on the transformation of business corporations. Written by an international group of distinguished experts in management and organization studies, economics and sociology, the book leads one to theoretically and practically rethink CSR, a movement that has developed into a strong and rich institutional domain since the mid 1990s. Through 14 chapters, the book shows the complexity, diversity and progression of the institutional work performed by a large number of individual and organizational actors in specialized networks to develop this strategic field. Central to this book are: the core issues associated with the field of CSR; recent advances in the development, dissemination and implementation of public and private standards of social responsibility; the pressing challenges of developing sustainable strategies of value creation in the face of global warming and underdevelopment; and finally, examples of how CSR has been implemented and institutionalized within business organizations with special attention to the role played by a variety of social actors in organizational change. Conceived as a movement, corporate social responsibility spearheads a transformation project challenging traditional and outmoded forms of corporate governance that frequently pose troublesome ethical issues. From this standpoint, Corporate Social Responsibility and Corporate Change will serve as a reference point for academics, researchers, managers and practitioners.

The Economics of Imperfect Markets

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Publisher : Springer Science & Business Media
ISBN 13 : 3790821314
Total Pages : 237 pages
Book Rating : 4.7/5 (98 download)

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Book Synopsis The Economics of Imperfect Markets by : Giorgio Calcagnini

Download or read book The Economics of Imperfect Markets written by Giorgio Calcagnini and published by Springer Science & Business Media. This book was released on 2009-10-22 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a collection of eleven papers concerned with the effects of market imperfections on the decision-making of economic agents and on economic policies that try to correct the inefficient market outcomes due to those imperfections. As a consequence, real and financial imperfections are related : economic decisions are simultaneously affected by imperfections present both in real and financial markets. Notwithstanding the obvious fact that market interdependence is not novel, scholar interests are typically concentrated on the specific relationship among economic decisions originating from particular imperfections. This explains why, in the case of perfect financial markets, we can speak of "the" us.

Minutes of Evidence ...

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ISBN 13 :
Total Pages : 640 pages
Book Rating : 4.M/5 ( download)

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Book Synopsis Minutes of Evidence ... by : India. Indian industrial commission, 1916-18

Download or read book Minutes of Evidence ... written by India. Indian industrial commission, 1916-18 and published by . This book was released on 1918 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of Risk and Time

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Publisher : MIT Press
ISBN 13 : 9780262572248
Total Pages : 492 pages
Book Rating : 4.5/5 (722 download)

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Book Synopsis The Economics of Risk and Time by : Christian Gollier

Download or read book The Economics of Risk and Time written by Christian Gollier and published by MIT Press. This book was released on 2001 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt: Updates and advances the theory of expected utility as applied to risk analysis and financial decision making.

Parliamentary Papers

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ISBN 13 :
Total Pages : 1308 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Parliamentary Papers by : Great Britain. Parliament. House of Commons

Download or read book Parliamentary Papers written by Great Britain. Parliament. House of Commons and published by . This book was released on 1919 with total page 1308 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bombay

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Publisher :
ISBN 13 :
Total Pages : 638 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Bombay by : India. Industrial Commission

Download or read book Bombay written by India. Industrial Commission and published by . This book was released on 1919 with total page 638 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Making a Difference

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Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.X/5 (3 download)

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Book Synopsis Making a Difference by : Patrick François

Download or read book Making a Difference written by Patrick François and published by . This book was released on 2005 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Trends 2040

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Publisher : Cosimo Reports
ISBN 13 : 9781646794973
Total Pages : 158 pages
Book Rating : 4.7/5 (949 download)

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Book Synopsis Global Trends 2040 by : National Intelligence Council

Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

The Economics of Information Networks

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Publisher : North Holland
ISBN 13 :
Total Pages : 504 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Economics of Information Networks by : Cristiano Antonelli

Download or read book The Economics of Information Networks written by Cristiano Antonelli and published by North Holland. This book was released on 1992 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provided in this book is a penetrating analysis of the broad array of the changes that generation, introduction and diffusion of a wave of radical innovations such as new information technologies and advanced telecommunications produce on industrial structures, corporate organization and firms behavior. The major contribution of the book lies in highlighting the role of factors such as technological, pecuniary, adoption, demand and network factors as a general conceptual framework for analysing technological change. Building on this theoretical framework, the book shows how cooperation among firms emerges as the distinctive feature of the new models of industrial organization. Interdependence between firms in fact is more and more shaped by networks of complementarities, localized spillovers and learning opportunities. In the conclusion the policy implications for assessing the evolution of network technologies with special reference to advanced telecommunications are consequently analyzed and developed.

ECKM2010-Proceedings of the 11th European Conference on Knowledge Management

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Publisher : Academic Conferences Limited
ISBN 13 : 1906638705
Total Pages : 638 pages
Book Rating : 4.9/5 (66 download)

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Book Synopsis ECKM2010-Proceedings of the 11th European Conference on Knowledge Management by : Eduardo Tomé

Download or read book ECKM2010-Proceedings of the 11th European Conference on Knowledge Management written by Eduardo Tomé and published by Academic Conferences Limited. This book was released on 2010 with total page 638 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The IMF and the World Bank at Sixty

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Publisher : Anthem Press
ISBN 13 : 0857287281
Total Pages : 362 pages
Book Rating : 4.8/5 (572 download)

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Book Synopsis The IMF and the World Bank at Sixty by : Ariel Buira

Download or read book The IMF and the World Bank at Sixty written by Ariel Buira and published by Anthem Press. This book was released on 2005-05-05 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'The IMF and the World Bank at Sixty' presents a selection of essays prepared for the Group of Twenty-Four Developing Nations (G24), by some of the foremost authorities in their fields, which address these challenges and suggest the need for reform in several areas. These essays have one fundamental aim: to improve the functioning of the global economy and to better enable developing countries to share in the prosperity of recent decades.

Black Enterprise

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Publisher :
ISBN 13 :
Total Pages : 244 pages
Book Rating : 4./5 ( download)

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Book Synopsis Black Enterprise by :

Download or read book Black Enterprise written by and published by . This book was released on 1989-02 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: BLACK ENTERPRISE is the ultimate source for wealth creation for African American professionals, entrepreneurs and corporate executives. Every month, BLACK ENTERPRISE delivers timely, useful information on careers, small business and personal finance.

Popular Mechanics

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Publisher :
ISBN 13 :
Total Pages : 248 pages
Book Rating : 4./5 ( download)

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Book Synopsis Popular Mechanics by :

Download or read book Popular Mechanics written by and published by . This book was released on 1936-09 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Popular Mechanics inspires, instructs and influences readers to help them master the modern world. Whether it’s practical DIY home-improvement tips, gadgets and digital technology, information on the newest cars or the latest breakthroughs in science -- PM is the ultimate guide to our high-tech lifestyle.