Relational Contracts With Multitask Jobs

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Relational Contracts with Multitask Jobs

Author : Bingyong Zheng
Publisher :
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Relational Contracts with Multitask Jobs by : Bingyong Zheng

Download or read book Relational Contracts with Multitask Jobs written by Bingyong Zheng and published by . This book was released on 2018 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes a multitask Principal-Agent model in which the performance measures of some tasks are subjective and relational contract is needed for incentive provision. We find that rewarding the Agent based on a subjective measure that aggregates performance on multiple tasks can help ease the tension between motivating the Agent by offering a bonus and the Principal's temptation to renege on bonus payment, which helps reduce the threshold discount factor for relational contract to be self-enforcing. Consequently, when some dimensions of performance can not be objectively determined, it may be optimal not to use explicit contracts for incentive provision even if other dimensions of performance can be objectively measured and there is no cost of writing explicit contracts. We therefore offer a novel explanation to "excessively incomplete contracts" observed in practice.

Relational Contracts, Multitasking, and Job Design

Author : Anja Schöttner
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Relational Contracts, Multitasking, and Job Design by : Anja Schöttner

Download or read book Relational Contracts, Multitasking, and Job Design written by Anja Schöttner and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This article analyzes optimal job design in a repeated principal-agent relationship when there is only one contractible and imperfect performance measure for three tasks whose contribution to firm value is nonverifiable. The tasks can be assigned to either one or two agents. Assigning an additional task to an agent strengthens his relational contract. Therefore, broad task assignments are optimal when the performance measure strongly distorts incentives for the two-task job. This is more likely to be the case if these two tasks are substitutes.

On Multitasking and Job Design in Relational Contracts

Author : Akifumi Ishihara
Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis On Multitasking and Job Design in Relational Contracts by : Akifumi Ishihara

Download or read book On Multitasking and Job Design in Relational Contracts written by Akifumi Ishihara and published by . This book was released on 2019 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate job design problems in relational contracting environments with multitasking and an aggregated and distorted performance measurement. Compared to assigning all the tasks to a single agent, assigning the tasks to multiple agents mitigates misallocation of effort among the tasks but tightens the self-enforcing constraint. Consequently, task separation is optimal if and only if the discount factor is high. Some tasks may not be assigned to the agents at all under the optimal job design. When the principal provides explicit incentives as well, it may be the case that task bundling is suboptimal for any discount factor.

Relational Contracts and Job Design

Author : Anja Schöttner
Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (17 download)

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Book Synopsis Relational Contracts and Job Design by : Anja Schöttner

Download or read book Relational Contracts and Job Design written by Anja Schöttner and published by . This book was released on 2005 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Relational Incentive Contracts for Teams of Multitasking Agents

Author : Ola Kvaløy
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (141 download)

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Book Synopsis Relational Incentive Contracts for Teams of Multitasking Agents by : Ola Kvaløy

Download or read book Relational Incentive Contracts for Teams of Multitasking Agents written by Ola Kvaløy and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Motivate and Select

Author : Radoslawa Nikolowa
Publisher :
ISBN 13 :
Total Pages : 33 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Motivate and Select by : Radoslawa Nikolowa

Download or read book Motivate and Select written by Radoslawa Nikolowa and published by . This book was released on 2016 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a model of relational contracts with moral hazard and asymmetric persistent information about an employee's type. We find that the form of the optimal contract depends on the job characteristics and the distribution of employees' talent. Bonus contracts are more likely to be adopted in complex jobs and when high talent is not too common or too rare. Firms with 'normal' jobs are more likely to adopt termination contracts. In labor market equilibrium, different contracts may be adopted by ex ante identical firms. Hence, we offer an explanation for the co-existence of different employment systems within the same industry.

The Handbook of Organizational Economics

Author : Robert S. Gibbons
Publisher : Princeton University Press
ISBN 13 : 0691132798
Total Pages : 1248 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Handbook of Organizational Economics by : Robert S. Gibbons

Download or read book The Handbook of Organizational Economics written by Robert S. Gibbons and published by Princeton University Press. This book was released on 2013 with total page 1248 pages. Available in PDF, EPUB and Kindle. Book excerpt: (E-book available via MyiLibrary) In even the most market-oriented economies, most economic transactions occur not in markets but inside managed organizations, particularly business firms. Organizational economics seeks to understand the nature and workings of such organizations and their impact on economic performance. The Handbook of Organizational Economics surveys the major theories, evidence, and methods used in the field. It displays the breadth of topics in organizational economics, including the roles of individuals and groups in organizations, organizational structures and processes, the boundaries of the firm, contracts between and within firms, and more.

Psychological Contracts in Employment

Author : Denise Rousseau
Publisher : SAGE Publications
ISBN 13 : 1452264562
Total Pages : 335 pages
Book Rating : 4.4/5 (522 download)

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Book Synopsis Psychological Contracts in Employment by : Denise Rousseau

Download or read book Psychological Contracts in Employment written by Denise Rousseau and published by SAGE Publications. This book was released on 2000-05-17 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationships between workers and firms are changing worldwide. Nowhere is this more evident than in the psychological contracts of employment - that is, the obligations workers owe to their employer, and vice versa. Psychological Contracts In Employment contains the cross-national perspectives of organizational scholars from 13 countries to examine how societies differ in the nature of psychological contracts in employment and how global business initiatives are bridging these differences. The author team assembled by Editors Denise Rousseau and René Schalk includes social scientists with deep knowledge of the particular societies they describe, and whose personal scholarship involves psychological contract phenomena locally as well as abroad. Readers of Denise Rousseau′s award-winning book Psychological Contracts in Organizations (Sage, 1995), will welcome the extension of this ground-breaking work into the global arena. Both the introductory and concluding chapters, written by the editors, provide several themes to structure and frame the book′s content. Every chapter in this volume maintains a clear focus on the importance of a cross-cultural perspective on psychological contracts for today′s managers, social scientists, and public policy makers.

Strategy Beyond Markets

Author : John M. de Figueiredo
Publisher : Emerald Group Publishing
ISBN 13 : 178635019X
Total Pages : 539 pages
Book Rating : 4.7/5 (863 download)

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Book Synopsis Strategy Beyond Markets by : John M. de Figueiredo

Download or read book Strategy Beyond Markets written by John M. de Figueiredo and published by Emerald Group Publishing. This book was released on 2016-04-27 with total page 539 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategy Beyond Markets is organized around three themes: Public Politics, Private Politics, and Integrated Political Strategy. The book explores the way these strategies influence political environments, firms and corporations.

Beyond Dalma

Author : Sweta Biswal
Publisher : Notion Press
ISBN 13 :
Total Pages : 227 pages
Book Rating : 4.8/5 (918 download)

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Book Synopsis Beyond Dalma by : Sweta Biswal

Download or read book Beyond Dalma written by Sweta Biswal and published by Notion Press. This book was released on 2023-12-11 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: The food on our plates has always been inextricably linked to the agricultural cycle. The numerous festivals and rituals that crop up on the Odia calendar (or Panji) with unfailing regularity, inevitably extend clues to eat what’s best in the season. This book takes one through the never-ending cycle of pray, eat and repeat while delving into the intricacies of the interrelationships between the agrarian calendar, the festivals observed in the various parts of the state of Odisha and the changing seasons. Beyond Dalma attempts to focus on the similarities rather than the diversities of the Odia cuisine which itself is an interesting amalgamation of various micro-cuisines that have evolved independently, shaped by diverse stimuli for the better part of history. At the same time, one cannot discount that dynamic exchanges among various micro-culinary traditions have always occurred due to a multitude of reasons ranging from trade to migrations to even marriages. The resulting culinary legacy is one that can be best described as a curious interplay between heterogeneity and homogeneity. The recipes are carefully selected keeping the focus on the seasonal aspects of the cuisine rather than emphasizing the regional aspects. However, a mild proclivity towards Western Odisha may be discernible at times as the author has spent a substantial part of her life in that region. The recipes are curated based on local and seasonal produce, and designed to help one adhere to a sustainable, low-carbon footprint lifestyle that is harmoniously aligned with mother nature’s basket rather than the supermarket shelves.

Advanced Microeconomics for Contract, Institutional, and Organizational Economics

Author : W. Bentley MacLeod
Publisher : MIT Press
ISBN 13 : 026236946X
Total Pages : 417 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis Advanced Microeconomics for Contract, Institutional, and Organizational Economics by : W. Bentley MacLeod

Download or read book Advanced Microeconomics for Contract, Institutional, and Organizational Economics written by W. Bentley MacLeod and published by MIT Press. This book was released on 2022-04-05 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: A graduate textbook on microeconomics, covering decision theory, game theory, and the foundations of contract theory, with a unique focus on the empirical. This graduate-level text on microeconomics, covering such topics as decision theory, game theory, bargaining theory, contract theory, trade under asymmetric information, and relational contract theory, is unique in its emphasis on the interplay between theory and evidence. It reviews the microeconomic theory of exchange “from the ground up,” aiming to produce a set of models and hypotheses amenable to empirical exploration, with particular focus on models that are useful for the study of contracts, institutions, and organizations. It explores research that extends price theory to the exchange of commodities when markets are incomplete, discussing recent developments in the field. Topics covered include the relationship between theory and evidence; decision theory as it is used in contract theory and institutional design; game theory; axiomatic and strategic bargaining theory; agency theory and the class of models that are considered to constitute contract theory, with discussions of moral hazard and trade with asymmetric information; and the theory of relational contracts. The final chapter offers a nontechnical review that provides a guide to which model is the most appropriate for a particular application. End-of-chapter exercises help students expand their understanding of the material, and an appendix provides brief introduction to optimization theory and the welfare theorem of general equilibrium theory. Students are assumed to be familiar with general equilibrium theory and basic constrained optimization theory.

The Impact of Incomplete Contracts on Economics

Author : Philippe Aghion
Publisher : Oxford University Press
ISBN 13 : 0190259019
Total Pages : 224 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis The Impact of Incomplete Contracts on Economics by : Philippe Aghion

Download or read book The Impact of Incomplete Contracts on Economics written by Philippe Aghion and published by Oxford University Press. This book was released on 2015-12-22 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1986 article by Sanford J. Grossman and Oliver D. Hart titled "A Theory of Vertical and Lateral Integration" has provided a framework for understanding how firm boundaries are defined and how they affect economic performance. The property rights approach has provided a formal way to introduce incomplete contracting ideas into economic modeling. The Impact of Incomplete Contracts on Economics collects papers and opinion pieces on the impact that this property right approach to the firm has had on the economics profession.

Rethinking the Development Experience

Author : Donald A. Schon
Publisher : Brookings Institution Press
ISBN 13 : 9780815720591
Total Pages : 396 pages
Book Rating : 4.7/5 (25 download)

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Book Synopsis Rethinking the Development Experience by : Donald A. Schon

Download or read book Rethinking the Development Experience written by Donald A. Schon and published by Brookings Institution Press. This book was released on 2011-07-01 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, written by a group of distinguished scholars and practitioners, critically reappraises ideas about learning and development advanced by Albert O. Hirschman in the 1950s and 1960s. The essays—prepared for an MIT faculty seminar—show how these innovative ideas bear on the theory, policy, and practice of development in the 1990s. Hirschman, one of the great pioneers in the field of economic development, is now professor emeritus at Princeton. Paul Krugman, Lance Taylor, and Donald Schon address the different approaches and assumptions of economic theorists in relation to modelling, learning, and development policy. Emma Rothschild, Lisa Peattie, and Bishwapryiya Sanyal examine some of the changing attitudes toward economic progress. Elliot Marseille, Judith Tendler, Sara Friedheim, Robert Picciotto, and Charles Sabel draw lessons from efforts to innovate or modify institutions, policies, programs, and projects. Lloyd Rodwin examines the underlying themes that emerge, particularly those that touch on the ideas of development as a process of social learning and on ways of strengthening theory, policy, and practice in economics when it is seen as both discipline and profession. In a postscript, Albert O. Hirschman reflects on the evolution of his ideas, his cognitive style, and his propensity for self-subversion. Two appendixes detail the candid seminar discussions and Hirschman's musings in response to particular chapters and questions raised by the participants.

Proceedings of the Eleventh International Conference on Management Science and Engineering Management

Author : Jiuping Xu
Publisher : Springer
ISBN 13 : 3319592807
Total Pages : 1808 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis Proceedings of the Eleventh International Conference on Management Science and Engineering Management by : Jiuping Xu

Download or read book Proceedings of the Eleventh International Conference on Management Science and Engineering Management written by Jiuping Xu and published by Springer. This book was released on 2017-06-27 with total page 1808 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is organized in 2 volumes and 6 parts. Part I is Big Data Analytics, which is about new advances of analysis, statistics, coordination and data mining of big data; Part II is Information Systems Management, which is about the development of big data information system or cloud platform. Part III is Computing Methodology with Big Data, which is about the improvements of traditional computation technologies in the background of big data; Part IV is Uncertainty Decision Making, which is about the decision making methods with various uncertain information, such as fuzzy, random, rough, gray, unascertained. Part V is Intelligence Algorithm. Part VI is Data Security, which is a particularly important aspect in the modern management environment.

Institutional and Organizational Analysis

Author : Eric Alston
Publisher : Cambridge University Press
ISBN 13 : 1108671721
Total Pages : 409 pages
Book Rating : 4.1/5 (86 download)

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Book Synopsis Institutional and Organizational Analysis by : Eric Alston

Download or read book Institutional and Organizational Analysis written by Eric Alston and published by Cambridge University Press. This book was released on 2018-08-23 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: What explains the great variability in economic growth and political development across countries? Institutional and organizational analysis has developed since the 1970s into a powerful toolkit, which argues that institutions and norms rather than geography, culture, or technology are the primary causes of sustainable development. Institutions are rules that recognized authorities create and enforce. Norms are rules created by long-standing patterns of behavior, shared by people in a society or organization. They combine to play a role in all organizations, including governments, firms, churches, universities, gangs, and even families. This introduction to the concepts and applications of institutional and organizational analysis uses economic history, economics, law, and political science to inform its theoretical framework. Institutional and organizational analysis becomes the basis to show why the economic and political performance of countries worldwide have not converged, and reveals the lessons to be learned from it for business, law, and public policy.

Job Creation

Author : Jordi Gual i Sole
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 230 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Job Creation by : Jordi Gual i Sole

Download or read book Job Creation written by Jordi Gual i Sole and published by Edward Elgar Publishing. This book was released on 1998 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists and scholars of management assess the impact of changes in the labor market institutions on the creation of jobs. They focus on public policy and its effects on the adaptation of the labor force to international markets. Several look at how information technology has changed both the internal and external labor markets of companies. Some propose regulatory changes to facilitate competitiveness of both workers and companies. The seven papers are from a June 1997 conference in Barcelona. Annotation copyrighted by Book News, Inc., Portland, OR

Handbook on Business to Business Marketing

Author : Gary L. Lilien
Publisher : Edward Elgar Publishing
ISBN 13 : 1781002444
Total Pages : 801 pages
Book Rating : 4.7/5 (81 download)

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Book Synopsis Handbook on Business to Business Marketing by : Gary L. Lilien

Download or read book Handbook on Business to Business Marketing written by Gary L. Lilien and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 801 pages. Available in PDF, EPUB and Kindle. Book excerpt: This insightful Handbook provides a comprehensive state-of-the-art review of business-to-business marketing. It supplies an overview and pioneers new ideas relating to the activity of building mutually value-generating relationships between organizations Ð from businesses to government agencies to not-for-profit organizations Ð and the many individuals within them. Comprising 38 chapters written by internationally renowned scholars, this Handbook presents perspectives of a variety of issue areas from both an academic and a managerial perspective (state of theory and state of practice). The material in this compendium includes theoretical and practical perspectives in business-to-business marketing, marketing mix and strategy, interfirm relationships, personal selling and sales management, technology marketing, and methodological issues central to business-to-business markets. Published in conjunction with Penn StateÕs Institute for the Study of Business Markets, this extensive volume will expand research and teaching in business-to-business marketing in academia and will improve the practice of business-to-business marketing for firms in the industry. This path-breaking Handbook is targeted primarily at marketing academics and graduate students who want a complete overview of the academic state of the business-to-business marketing domain. It will also prove an invaluable resource for forward-thinking business-to-business practitioners who want to be aware of the current state of knowledge in their domains.