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in which a worker’s status depends on past performance. We investigate the optimality of two types of promotion …
Persistent link: https://www.econbiz.de/10011083868
We study managerial incentives in a model where managers take not only product market but also take-over decisions. We show that the optimal contract includes an incentive to increase the firm's sales, under both quantity and price competition. This result contrasts with the previous literature,...
Persistent link: https://www.econbiz.de/10005114312
This paper addresses a lack of evidence on the impact of performance pay in the public sector by evaluating a pilot … targets, measured with varying degrees of precision. We use data from the agency’s performance management system and personnel … records plus matched labour market data. We focus on three main issues: whether performance pay matters for public service …
Persistent link: https://www.econbiz.de/10011084487
poor economies, thus insufficient information to set the appropriate standards for firm performance. The model predicts a …
Persistent link: https://www.econbiz.de/10005667121