The DOI matches its Crossref record; 30 of the 30 references it cites were found in a registry or an index.
Optimal Incentives for Teams
Abstract
Much of the existing theory of incentives describes a static relationship that lasts for just one transaction. This static assumption is not only unrealistic, but the resulting predictions appear to be at odds with many work organizations. The current paper introduces possible long-term interaction among agents, and studies how the design of explicit incentives and work organizations can exploit, and interact with, the implicit incentives generated by the repeated interaction of the agents. The optimal incentive scheme is shown to display observed features of the increasingly popular “teams,” such as the use of low-powered, group incentives. (JEL D23, J33, J41, L23)
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Cites
(2019) · AEA Papers and Proceedings · doi:10.1257/pandp.109.612 · Cited by 10,902
Production, Information Costs and Economic Organization
Alchian, A. A., & Demsetz, H. (1996) · Firms, Organizations and Contracts · doi:10.1093/oso/9780198774358.003.0005 · Cited by 9,565
Performance Pay and Top-Management Incentives
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Holmstrom, B. (1982) · The Bell Journal of Economics · doi:10.2307/3003457 · Cited by 4,903
Rank-Order Tournaments as Optimum Labor Contracts
Lazear, E. P., & Rosen, S. (1981) · Journal of Political Economy · doi:10.1086/261010 · Cited by 4,560
Rank-Order Tournaments as Optimum Labor Contracts
Lazear, E., & Rosen, S. (1979) · National Bureau of Economic Research · doi:10.3386/w0401 · Cited by 3,033
The Effects of Human Resource Management Practices on Productivity: A Study of Steel Finishing Lines
Ichniowski, C., Shaw, K. L., & Prennushi, G. (1997) · American Economic Review · Cited by 2,512
Peer Pressure and Partnerships
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How Common is Workplace Transformation and Who Adopts it?
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Cited by
Relational Contracts and the Theory of the Firm
Baker, G., Gibbons, R., & Murphy, K. J. (2002) · The Quarterly Journal of Economics · doi:10.1162/003355302753399445 · Cited by 1,730
Ichniowski, C., & Shaw, K. (2003) · Journal of Economic Perspectives · doi:10.1257/089533003321164994 · Cited by 420
Incentives That Induce Task-Related Effort, Helping, and Knowledge Sharing in Workgroups
Siemsen, E., Balasubramanian, S., & Roth, A. V. (2007) · Management Science · doi:10.1287/mnsc.1070.0714 · Cited by 265
Sabotage in Promotion Tournaments
Chen, K.-P. (2003) · Journal of Law, Economics, and Organization · doi:10.1093/jleo/19.1.119 · Cited by 246
Bapna, R., Barua, A., Mani, D., & Mehra, A. (2010) · Information Systems Research · doi:10.1287/isre.1100.0328 · Cited by 147
Metadata
- Authors
- Che, Y.-K., & Yoo, S.-W.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2001-06-01
- Volume
- 91
- Issue
- 3
- Pages
- 525-541
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W2060354573
- Cited by
- 542
- References
- 30
- FWCI
- 46.75
- Type
- journal article
- Language
- en
- Open access
- closed
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