In this paper, we propose the localized adaptive QoS routing scheme using POMDP(partially observable Markov Decision Processes) and Exploration Bonus. In order to deal with POMDP problem, we use CEA(Certainty Equivalency Approximation) technique that involves using the mean value of random variables, since it is intractable to determine the optimal solution. And we present a new path selection ...

We examine a randomized trial that allows separate identification of peer screening and enforcement of credit contracts. A South African microlender offered half its clients a bonus for referring a friend who repaid a loan. For the remaining clients, the bonus was conditional on loan approval. After approval, the repayment incentive was removed from half the referrers in the first group and add...

This questionnaire survey of fund managers in the United States, Germany and Switzerland documents a distinctly positive influence of bonus payments on investment behavior on both sides of the Atlantic. Higher bonus payments are significantly related to higher working effort but not to risk taking. They also seem to induce fund managers to rely more on fundamental information. Findings within r...

Bonus Culture: Competitive Pay, Screening, and Multitasking This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most talented workers leads to an escalating reliance on performance pay and other high-powered incen...

Mobile coupons have significantly enhanced marketing and e-commerce. To assess the benefits of mobile coupon apps, which are unavailable with traditional coupons, we examined users’ motivations for obtaining redeeming bonus from a customer value perspective. We collected issue redemption data app used it to analyze effects various factors on redemption. Using days as control variable, tested ...

Despite the highlighted positive effects of work autonomy, little is known about what drives street-level bureaucrats’ (SLBs’) autonomy preferences. We propose a combined framework that applies insights from Pay-for-Performance and Prospect Theory to examine whether incentive type (monetary sanctions vs. bonus) framing (negative positive) influence SLBs’ job use data survey experiment 208 healt...

This paper shows that bonus contracts may arise endogenously as a response to agency problems within banks, and analyzes how compensation schemes change in reaction to anticipated bail-outs. If there is a risk-shifting problem, bail-out expectations lead to steeper bonus schemes and even more risk-taking. If there is an effort problem, the compensation scheme becomes flatter and effort decrease...

General guidelines The questions fall into several categories: (Know). Make sure you know how to solve. Do not submit. (Mandatory). Mandatory questions. (Bonus). Bonus questions. On the submission date we will collect your answers. We will then go over the questions and solve them in class. After that you have a week to write the solutions and submit to us, as long as 1. You write the solutions...