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作者：Ockenfels, Axel; Sliwka, Dirk; Werner, Peter
作者单位：University of Cologne; Leibniz Association; Ifo Institut; IZA Institute Labor Economics
摘要：We investigate how bonus payments affect the satisfaction and performance of managers in a large multinational company. We find that falling behind a natural reference standard for a fair bonus payment (a reference point violation) reduces satisfaction and subsequent performance. The effects are mitigated if information about one's relative standing toward the reference point is withheld. A model and a laboratory experiment provide complementary insights and additional robustness checks.
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作者：Guillen, Pablo; Merrett, Danielle; Slonim, Robert
作者单位：University of Sydney; University of Sydney
摘要：We propose an intergroup competition scheme (ICS) to theoretically solve free riding in team production and provide experimental evidence from a voluntary contribution mechanism public goods game. The ICS includes an internal transfer payment from the lowest to highest contributing team proportional to the difference in group contributions. The ICS requires minimal information, makes the efficient contribution a dominant strategy, and is budget balanced. These features make the ICS ideally sui...
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作者：Bikard, Michael; Murray, Fiona; Gans, Joshua S.
作者单位：University of London; London Business School; Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; University of Toronto
摘要：When do scientists and other innovators organize into collaborative teams, and why do they do so for some projects and not others? At the core of this important organizational choice is, we argue, a trade-off scientists make between the productive efficiency of collaboration and the credit allocation that arises after the completion of collaborative work. In this paper, we explore this trade-off by developing a model to structure our understanding of the factors shaping researcher collaborativ...
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作者：Li, Jimmy Q.; Rusmevichientong, Paat; Simester, Duncan; Tsitsiklis, John N.; Zoumpoulis, Spyros I.
作者单位：Massachusetts Institute of Technology (MIT); University of Southern California; Massachusetts Institute of Technology (MIT); INSEAD Business School
摘要：The feasibility of using field experiments to optimize marketing decisions remains relatively unstudied. We investigate category pricing decisions that require estimating a large matrix of cross-product demand elasticities and ask the following question: How many experiments are required as the number of products in the category grows? Our main result demonstrates that if the categories have a favorable structure, we can learn faster and reduce the number of experiments that are required: the ...
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作者：Kim, Yongtae; Song, Minsup
作者单位：Santa Clara University; Sogang University
摘要：This study examines the stock-price reactions to analyst forecast revisions around earnings announcements to test whether preannouncement forecasts reflect analysts' private information or piggybacking on confounding events and news. We find that management earnings forecasts influence the timing and precision of analyst forecasts. More importantly, evidence suggests that prior studies' finding of weaker (stronger) stock-price responses to forecast revisions in the period immediately after (be...
