منابع مشابه
Ownership , Control , and Incentive
The paper shows that the principal can enhance her control over the agents human capital by acquiring the physical capital that is critical for him to create value. However, the enhancement in the control necessarily reduces his incentive to make human capital investment ex ante and to exert e¤ort ex post. This trade-o¤ between control and incentive thus decides the boundary of the rm. The pa...
متن کاملRank as an Incentive
Money is the prime incentive in economic models. Recent evidence makes it clear that people are also greatly concerned about how their incomes compare with those of others, suggesting that rank may be a strong motivator as well. Three experiments in Vietnam assessed whether students in realworld learning environments were concerned with their performance rankings. The results showed that concer...
متن کاملRank as an Incentive ( In - progress
Previous studies have showed that we care for other people’s payoffs for two main reasons: altruism and inequality-aversion. This study focuses on the third reason: social ranking. In a series of lab and field experiments, we demonstrate that participants try to achieve high social ranks. This is found true with and without tangible benefits associated with ranks, indicating a humans’ inherent ...
متن کاملThe Firm as an Incentive System
We explore the twin hypotheses (i) that high-performance incentives, worker ownership of assets, and worker freedom from direct controls are complementary instruments for motivating workers, and (ii) that such instruments can be expected to covary positively in cross-sectional data. We also relate our conclusions to empirical evidence, particularly that on the organization, compensation, and ma...
متن کاملControl vs. Incentive—the Optimal Allocation of Ownership
The paper first differentiates “control” and “incentive”. Then it shows that integration in which the principal gets ownership of the physical assets necessary for the agent to create values enhances control of the principal over the agent’s human capital and thus improve coordination ex post, but that reduces the agent’s ex ante incentive to make human capital investment and ex post incentive ...
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ژورنال
عنوان ژورنال: Group & Organization Management
سال: 1999
ISSN: 1059-6011,1552-3993
DOI: 10.1177/1059601199244003