Bonding, shirking and adverse selection
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Ernst Fehr & Simon Gächter, 2000.
"Fairness and Retaliation: The Economics of Reciprocity,"
Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 159-181, Summer.
- Ernst Fehr & Simon Gaechter, "undated". "Fairness and Retaliation: The Economics of Reciprocitys," IEW - Working Papers 040, Institute for Empirical Research in Economics - University of Zurich.
- Ernst Fehr & Simon Gaechter, 2000. "Fairness and Retaliation: The Economics of Reciprocity," CESifo Working Paper Series 336, CESifo.
- Gneezy, Uri & Rustichini, Aldo, 2000.
"A Fine is a Price,"
The Journal of Legal Studies, University of Chicago Press, vol. 29(1), pages 1-17, January.
- Uri Gneezy & Aldo Rustichini, 2000. "A fine is a price," Natural Field Experiments 00258, The Field Experiments Website.
- Lazear, Edward P, 1981. "Agency, Earnings Profiles, Productivity, and Hours Restrictions," American Economic Review, American Economic Association, vol. 71(4), pages 606-620, September.
- Ritter, Joseph A & Taylor, Lowell J, 1994. "Workers as Creditors: Performance Bonds and Efficiency Wages," American Economic Review, American Economic Association, vol. 84(3), pages 694-704, June.
- Gary S. Becker & George J. Stigler, 1974. "Law Enforcement, Malfeasance, and Compensation of Enforcers," The Journal of Legal Studies, University of Chicago Press, vol. 3(1), pages 1-18, January.
- Salop, Steven C, 1979. "A Model of the Natural Rate of Unemployment," American Economic Review, American Economic Association, vol. 69(1), pages 117-125, March.
- Drazen, Allan, 1986. "Optimal Minimum Wage Legislation," Economic Journal, Royal Economic Society, vol. 96(383), pages 774-784, September.
- Eaton, B Curtis & White, William D, 1982. "Agent Compensation and the Limits of Bonding," Economic Inquiry, Western Economic Association International, vol. 20(3), pages 330-343, July.
- Pashigian, B Peter, 1977. "The Market for Lawyers: The Determinants of the Demand for and Supply of Lawyers," Journal of Law and Economics, University of Chicago Press, vol. 20(1), pages 53-85, April.
- Fehr, Ernst & Gachter, Simon, 1998. "Reciprocity and economics: The economic implications of Homo Reciprocans1," European Economic Review, Elsevier, vol. 42(3-5), pages 845-859, May.
- Lin, Chung-Cheng & Yang, C C, 2001. "Tournaments As a Worker Discipline Device," Economic Inquiry, Western Economic Association International, vol. 39(4), pages 644-650, October.
- Dickens, William T & Katz, Lawrence F & Lang, Kevin & Summers, Lawrence H, 1989.
"Employee Crime and the Monitoring Puzzle,"
Journal of Labor Economics, University of Chicago Press, vol. 7(3), pages 331-347, July.
- Summers, Lawrence H. & Dickens, William T. & Katz, Lawrence F. & Lang, Kevin, 1989. "Employee Crime and the Monitoring Puzzle," Scholarly Articles 3645199, Harvard University Department of Economics.
- Flyer, Fredrick A, 1997. "The Influence of Higher Moments of Earnings Distributions on Career Decisions," Journal of Labor Economics, University of Chicago Press, vol. 15(4), pages 689-713, October.
- Carter, Thomas J. & De Lancey, Paul R., 1997. "Just, Unjust, and Just-Cause Dismissals," Journal of Macroeconomics, Elsevier, vol. 19(3), pages 619-628, July.
- Carmichael, Lorne, 1985. "Can Unemployment Be Involuntary? Comment [Equilibrium Unemployment as a Worker Discipline Device]," American Economic Review, American Economic Association, vol. 75(5), pages 1213-1214, December.
- Weiss, Andrew W, 1980. "Job Queues and Layoffs in Labor Markets with Flexible Wages," Journal of Political Economy, University of Chicago Press, vol. 88(3), pages 526-538, June.
- Peter Howitt, 2002. "Looking Inside the Labor Market: A Review Article," Journal of Economic Literature, American Economic Association, vol. 40(1), pages 125-138, March.
- William T. Dickens & Lawrence F. Katz & Kevin Lang & Lawrence H. Summers, 1990. "Why Do Firms Monitor Workers?," Palgrave Macmillan Books, in: Yoram Weiss & Gideon Fishelson (ed.), Advances in the Theory and Measurement of Unemployment, chapter 6, pages 159-171, Palgrave Macmillan.
- Levine, David I, 1989. "Just-Cause Employment Policies When Unemployment Is a Worker Discipline Device," American Economic Review, American Economic Association, vol. 79(4), pages 902-905, September.
- Bohnet, Iris & Frey, Bruno S. & Huck, Steffen, 2001.
"More Order with Less Law: On Contract Enforcement, Trust, and Crowding,"
American Political Science Review, Cambridge University Press, vol. 95(1), pages 131-144, March.
- Iris Bohnet & Bruno S. Frey & Steffen Huck, "undated". "More Order with Less Law: On Contract Enforcement, Trust, and Crowding," IEW - Working Papers 052, Institute for Empirical Research in Economics - University of Zurich.
- Bewley, Truman F., 1998. "Why not cut pay?," European Economic Review, Elsevier, vol. 42(3-5), pages 459-490, May.
- Joanne Salop & Steven Salop, 1976. "Self-Selection and Turnover in the Labor Market," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(4), pages 619-627.
- Ernst Fehr & Simon Gächter, 2000. "Fairness and Retaliation," International Economic Association Series, in: L.-A. Gérard-Varet & S.-C. Kolm & J. Mercier Ythier (ed.), The Economics of Reciprocity, Giving and Altruism, chapter 7, pages 153-173, Palgrave Macmillan.
- Shapiro, Carl & Stiglitz, Joseph E, 1984. "Equilibrium Unemployment as a Worker Discipline Device," American Economic Review, American Economic Association, vol. 74(3), pages 433-444, June.
- George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
- Joanne Salop & Steven C. Salop, 1976. "Self-selection and turnover in the labor market," Special Studies Papers 80, Board of Governors of the Federal Reserve System (U.S.).
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Ciccia, Diego & Distefano, Rosaria & Reito, Francesco, 2022. "The mismatch between potential and actual shirking in a model of bureaucracy," MPRA Paper 115452, University Library of Munich, Germany.
- Dai, Feng & Li, Pengpeng & Liang, Ling, 2016. "Long-term economic growth under environmental pressure: An optimal path," The Quarterly Review of Economics and Finance, Elsevier, vol. 59(C), pages 15-24.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- repec:eee:labchp:v:3:y:1999:i:pb:p:2373-2437 is not listed on IDEAS
- Canegallo, Claudia, 1999. "Funzionamento del mercato del lavoro in presenza di informazione asimmetrica. Una rassegna della letteratura," POLIS Working Papers 8, Institute of Public Policy and Public Choice - POLIS.
- Alan B. Krueger, 1987.
"Ownership, Agency and Wages: An Examination of the Fast Food Industry,"
Working Papers
606, Princeton University, Department of Economics, Industrial Relations Section..
- Alan B. Krueger, 1990. "Ownership, Agency and Wages: An Examination in the Fast Food Industry," NBER Working Papers 3334, National Bureau of Economic Research, Inc.
- repec:eee:labchp:v:2:y:1986:i:c:p:789-848 is not listed on IDEAS
- Lin, Chung-cheng & Yang, C.C., 2008. "The firm as a community explaining asymmetric behavior and downward rigidity of wages," Journal of Economic Behavior & Organization, Elsevier, vol. 68(2), pages 390-400, November.
- Chung-cheng Lin & C.C. Yang, 2006. "The Firm as a Community Explaining Asymmetric Behavior and Downward Rigidity of Wages," IEAS Working Paper : academic research 06-A014, Institute of Economics, Academia Sinica, Taipei, Taiwan.
- Häfner, Samuel & Haeusle, Niklas & Koeniger, Winfried & Braun, Alexander, 2024.
"Optimal Compensation in Competitive Labor Markets with Heterogeneous Employers and Workers,"
IZA Discussion Papers
17449, Institute of Labor Economics (IZA).
- Samuel Häfner & Niklas Haeusle & Winfried Koeniger & Alexander Braun, 2024. "Optimal Compensation in Competitive Labor Markets with Heterogeneous Employers and Workers," CESifo Working Paper Series 11488, CESifo.
- Haefner, Samuel & Haeusle, Niklas & Koeniger, Winfried & Braun, Alexander, 2024. "Optimal Compensation in Competitive Labor Markets with Heterogeneous Employers and Workers," Economics Working Paper Series 2405, University of St. Gallen, School of Economics and Political Science.
- Paul Hek & Daniel Vuuren, 2011.
"Are older workers overpaid? A literature review,"
International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 18(4), pages 436-460, August.
- Daniel van Vuuren & Paul de Hek, 2010. "Are older workers overpaid? A literature review," CPB Discussion Paper 165, CPB Netherlands Bureau for Economic Policy Analysis.
- Vincenzo Scoppa, 2003.
"Contratti incompleti ed enforcement endogeno. Una rassegna della letteratura,"
Economia politica, Società editrice il Mulino, issue 3, pages 391-440.
- Scoppa, Vincenzo, 2003. "Contratti Incompleti Ed Enforcement Endogeno. Una Rassegna Della Letteratura [Incomplete Contracts and Endogenous Enforcement. A Survey]," MPRA Paper 17284, University Library of Munich, Germany.
- Macpherson, David A. & Prasad, Kislaya & Salmon, Timothy C., 2014. "Deferred compensation vs. efficiency wages: An experimental test of effort provision and self-selection," Journal of Economic Behavior & Organization, Elsevier, vol. 102(C), pages 90-107.
- repec:eee:labchp:v:3:y:1999:i:pb:p:2291-2372 is not listed on IDEAS
- William T. Dickens & Lawrence F. Katz & Kevin Lang, 1986. "Are Efficiency Wages Efficient?," NBER Working Papers 1935, National Bureau of Economic Research, Inc.
- Erica L. Groshen & David K. Levine, 1998. "The rise and decline(?) of U.S. internal labor markets," Research Paper 9819, Federal Reserve Bank of New York.
- William J. Carrington & Bruce Fallick, 2014. "Why Do Earnings Fall with Job Displacement?," Working Papers (Old Series) 1405, Federal Reserve Bank of Cleveland.
- Edward P. Lazear, 1999. "Personnel Economics: Past Lessons and Future Directions," NBER Working Papers 6957, National Bureau of Economic Research, Inc.
- Dohmen, Thomas J., 2004.
"Performance, seniority, and wages: formal salary systems and individual earnings profiles,"
Labour Economics, Elsevier, vol. 11(6), pages 741-763, December.
- Dohmen, Thomas, 2003. "Performance, Seniority and Wages: Formal Salary Systems and Individual Earnings Profiles," IZA Discussion Papers 935, Institute of Labor Economics (IZA).
- Rei, Claudia, 2011. "Incentives in Merchant Empires: Portuguese and Dutch Labor Compensation," MPRA Paper 28712, University Library of Munich, Germany.
- Bruce C. Greenwald & Joseph E. Stiglitz, 1990.
"Macroeconomic Models with Equity and Credit Rationing,"
NBER Chapters, in: Asymmetric Information, Corporate Finance, and Investment, pages 15-42,
National Bureau of Economic Research, Inc.
- Bruce C. Greenwald & Joseph E. Stiglitz & Andrew Weiss, 1989. "Macroeconomic models with equity and credit rationing," Proceedings, Federal Reserve Bank of San Francisco.
- Bruce C. Greenwald & Joseph E. Stiglitz, 1990. "Macroeconomic Models with Equity and Credit Rationing," NBER Working Papers 3533, National Bureau of Economic Research, Inc.
- John G. Sessions & Nikolaos Theodoropoulos, 2014.
"Tenure, Wage Profiles and Monitoring,"
Research in Labor Economics, in: New Analyses of Worker Well-Being, volume 38, pages 105-162,
Emerald Group Publishing Limited.
- Sessions, John G. & Theodoropoulos, Nikolaos, 2008. "Tenure, Wage Profiles and Monitoring," IZA Discussion Papers 3307, Institute of Labor Economics (IZA).
- Louis N. Christofides & Michael Hoy & Ling Yang, 2008. "The Determinants of University Participation in Canada (1977-2003)," University of Cyprus Working Papers in Economics 4-2009, University of Cyprus Department of Economics.
- John Sessions & N Theodoropoulos, 2009. "Tenure, Wage Profiles and Monitoring," Department of Economics Working Papers 27/09, University of Bath, Department of Economics.
- Abigail Barr & Magnus Lindelow & Pieter Serneels, 2003.
"To serve the community or oneself: the public servant's dilemma,"
CSAE Working Paper Series
2003-11, Centre for the Study of African Economies, University of Oxford.
- Barr, Abigail & Lindelow, Magnus & Serneels, Pieter, 2004. "To serve the community or oneself - the public servant's dilemma," Policy Research Working Paper Series 3187, The World Bank.
- Abigail Barr & Magnus Lindelow & Pieter Serneels, 2004. "To Serve The Community Or Oneself: The Public Servant'S Dilemma," Development and Comp Systems 0409035, University Library of Munich, Germany.
- Rebitzer, James B & Taylor, Lowell J, 1995.
"Do Labor Markets Provide Enough Short-Hour Jobs? An Analysis of Work Hours and Work Incentives,"
Economic Inquiry, Western Economic Association International, vol. 33(2), pages 257-273, April.
- James B. Rebitzer & Lowell J. Taylor, 1991. "Do Labor Markets Provide Enough Short Hour Jobs? An Analysis of Work Hours and Work Incentives," NBER Working Papers 3883, National Bureau of Economic Research, Inc.
- Edward P. Lazear, 1985.
"Incentive Effects of Pensions,"
NBER Chapters, in: Pensions, Labor, and Individual Choice, pages 253-282,
National Bureau of Economic Research, Inc.
- Edward P. Lazear, 1983. "Incentive Effects of Pensions," NBER Working Papers 1126, National Bureau of Economic Research, Inc.
- Ourania Karakosta & Nikos Tsakiris, 2009. "Indirect Tax Reforms and Public Goods under Imperfect Competition," University of Cyprus Working Papers in Economics 5-2009, University of Cyprus Department of Economics.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecmode:v:21:y:2004:i:3:p:545-560. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30411 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.