Psychological Contracts in Organizations: Understanding Written and Unwritten Agreements.

America’s Constitution, Written and Unwritten

Collective Agreements : Incentive Contracts

The paper considers collective agreements that are signed by a government agency and an industry which have an energy saving target. The target achievement is observable, but the energy saving actions undertaken by firms in the industry are not. We consider such agreements as firm contracts that depend on whether the industry complies with the target or not. We show that first best regulation c...

Professionalism and Contracts in Organizations

Employees in public agencies rarely have pay for performance: instead their incentives are often guided by a sense of professionalism. This paper concerns how organizations should monitor professionals. The primary outcome of the paper is that weak incentives lead public agencies to exhibit bias in their oversight, by rewarding the interests of their employees to the detriment of other constitu...

Contracts and Conflict in Organizations

In many organizations, the way that incentive problems are alleviated is not via contracts, but rather who is hired. This paper offers a theory of targeted hiring, and how its role changes as contracting becomes poorer. ∗University of Chicago, GSB. Email: [email protected]. Thanks to Wouter Dessein, Bob Gibbons, and seminar participants at the University of Chicago, Columbia U...

Psychological Contracts Book Section Psychological Contracts

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