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Signaling drive over the long term

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  • Li, Wei

Abstract

An agent's productivity depends on his responsiveness to existing incentives ("drive"). Over the long term, this heterogeneity in drive may create significant incentives for the agent to work hard even with vanishingly small amount of existing incentives, explicit or implicit.

Suggested Citation

  • Li, Wei, 2010. "Signaling drive over the long term," Economics Letters, Elsevier, vol. 109(3), pages 164-167, December.
    • Handle: RePEc:eee:ecolet:v:109:y:2010:i:3:p:164-167
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    References listed on IDEAS

    as
    1. Botond Kőszegi & Wei Li, 2008. "Drive and Talent," Journal of the European Economic Association, MIT Press, vol. 6(1), pages 210-236, March.
    2. Prendergast, Canice & Stole, Lars, 1996. "Impetuous Youngsters and Jaded Old-Timers: Acquiring a Reputation for Learning," Journal of Political Economy, University of Chicago Press, vol. 104(6), pages 1105-1134, December.
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    5. Fama, Eugene F, 1980. "Agency Problems and the Theory of the Firm," Journal of Political Economy, University of Chicago Press, vol. 88(2), pages 288-307, April.
    6. Marco Ottaviani & Peter Norman Sørensen, 2006. "Reputational cheap talk," RAND Journal of Economics, RAND Corporation, vol. 37(1), pages 155-175, March.
    7. Mathias Dewatripont & Ian Jewitt & Jean Tirole, 1999. "The Economics of Career Concerns, Part I: Comparing Information Structures," Review of Economic Studies, Oxford University Press, vol. 66(1), pages 183-198.
    8. Peter Kuhn & Fernando Lozano, 2008. "The Expanding Workweek? Understanding Trends in Long Work Hours among U.S. Men, 1979-2006," Journal of Labor Economics, University of Chicago Press, vol. 26(2), pages 311-343, April.
    9. Wei Li, 2007. "Changing One's Mind when the Facts Change: Incentives of Experts and the Design of Reporting Protocols," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 74(4), pages 1175-1194.
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