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Displaying results 1 to 4 of 4.

  1. Incentive and signaling effects of bonus payments
    an experiment in a company
    Author: Deversi, Marvin; Spantig, Lisa
    Published: February 2023
    Publisher:  CESifo, Munich, Germany

    Economists and management scholars have argued that the scope of incentives to increase cooperation in organizations is limited as their use signals the prevalence of free-riding among employees. This paper tests this hypothesis experimentally, using... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 63
    Inter-library loan:
    No inter-library loan

     

    Economists and management scholars have argued that the scope of incentives to increase cooperation in organizations is limited as their use signals the prevalence of free-riding among employees. This paper tests this hypothesis experimentally, using a sample of managers and employees from a large company. We exogenously vary whether managers are informed about prevailing cooperation levels among employees before they can set incentives to promote cooperation. In addition, employees matched to informed managers learn that the manager could base their incentive choice on cooperation levels. We find no evidence for the hypothesized signaling effect. Having an informed manager set the incentive does not change employees' be-liefs about the cooperativeness of others. Incentives hence have strong positive effects on cooperative beliefs, irrespective of information. The absence of the signaling effect seems related to the perception of managers' intentions, a mitigating but understudied factor.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/271946
    Series: CESifo working papers ; 10302 (2023)
    Subjects: cooperation; incentives; signalling; crowding out; experiment
    Scope: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  2. "Let them eat cake"
    drought, peasant uprisings, and demand for institutional change in the French revolution
    Author: Waldinger, Maria
    Published: February 2023
    Publisher:  CESifo, Munich, Germany

    The paper studies whether a drought in 1788 affected the outbreak of peasant revolts during the French Revolution. I construct a community-level data set with information on local drought severity and peasant uprisings in 1789. Results indicate that... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 63
    Inter-library loan:
    No inter-library loan

     

    The paper studies whether a drought in 1788 affected the outbreak of peasant revolts during the French Revolution. I construct a community-level data set with information on local drought severity and peasant uprisings in 1789. Results indicate that those more affected by the drought more often participated in peasant revolts against the feudal system. Then, I investigate a mechanism through which drought may have affected peasant revolts. I find that those more affected by the drought had higher demand for institutional change as expressed in the lists of grievances. The results provide evidence on specific ways in which the drought of 1788 impacted the French Revolution, a milestone in the democratization of Western Europe.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/271947
    Series: CESifo working papers ; 10303 (2023)
    Subjects: cooperation; incentives; signalling; crowding out; experiment
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  3. Tickets to the global market
    first US patent awards and Chinese firm exports
    Author: Gong, Kaiji; Li, Yao; Manova, Kalina; Sun, Stephen Teng
    Published: [2023]
    Publisher:  Centre for Economic Performance, London School of Economics and Political Science, London

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 449
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Discussion paper / Centre for Economic Performance ; no. 1962 (November 2023)
    Subjects: patent rights; innovation; export performance; trade; market protection; asymmetric information; signalling
    Scope: 1 Online-Ressource (circa 78 Seiten), Illustrationen
  4. Imperfect signals
    Author: Graetz, Georg
    Published: May 2023
    Publisher:  CESifo, Munich, Germany

    A pre-condition for employer learning is that signals at labor market entry do not fully reveal graduates' productivity. I model various distinct sources of signal imperfection-such as noise and multi-dimensional types-and characterize their... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 63
    Inter-library loan:
    No inter-library loan

     

    A pre-condition for employer learning is that signals at labor market entry do not fully reveal graduates' productivity. I model various distinct sources of signal imperfection-such as noise and multi-dimensional types-and characterize their implications for the private return to skill acquisition. Structural estimates using NLSY data suggest an important role for noise, pushing the private return below the social return. This induces substantial under-investment and causes output losses of up to 22 percent. Value-added-based evidence from Swedish high school graduates also points to noise and under-investment. Highlighting the distinction between schooling duration and skills acquired, I conclude that individuals likely spend too much time in school, but learn too little.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/279152
    Series: CESifo working papers ; 10403 (2023)
    Subjects: human capital; signalling; employer learning; returns to schooling
    Scope: 1 Online-Ressource (circa 52 Seiten), Illustrationen