Endogenous incentive contracts and efficient coordination

DOI10.1016/J.GEB.2018.07.008MaRDI QIDQ1756331zbMATH OpenOpenAlexWikidataFDO

Authors David J. Cooper, Christos A. Ioannou, Shi Qi

Publication date 14 January 2019

Published in Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL https://ueaeprints.uea.ac.uk/id/eprint/68069/4/Accepted_manuscript.pdf

zbMATH Keywords

experimentselectioncoordinationincentive contracts

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Production theory, theory of the firm (91B38) Experimental studies (91A90)

Recommendations

• Optimal incentive contract with endogenous monitoring technology
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• Relative income concerns, dismissal, and the use of pay-for-performance

Cites work

• Asset markets as an equilibrium selection mechanism: Coordination failure, game form auctions, and tacit communication
• Communication and efficiency in competitive coordination games
• Do actions speak louder than words? An experimental comparison of observation and cheap talk
• Efficient Coordination in Weakest-Link Games
• Endogenous group formation via unproductive costs
• Signaling future actions and the potential for sacrifice
• Solving coordination failure with ``all-or-none group-level incentives
• Strategic Uncertainty, Equilibrium Selection, and Coordination Failure in Average Opinion Games
• The effect of intergroup competition on group coordination: An experimental study
• The effects of costless pre-play communication: experimental evidence from games with Pareto-ranked equilibria
• Words, Deeds, and Lies: Strategic Behaviour in Games with Multiple Signals

Cited in

(9)

• Incentive and supervisory contract between special committees and CEO based on the evolutionary game model
• Endogenous verifiability and optimality in agency
• Vertical integration with endogenous contract leadership: stability and fair profit allocation
• Rewards and punishments: Informal contracting through social preferences
• Coordination and discrimination in contracting with externalities: divide and conquer?
• Contracts with endogenous information
• Stochastic evolutionary game analysis between special committees and CEO: incentive and supervision
• Coordination under loss contracts
• Ex ante contracting with endogenously determined communication plans

Describes a project that uses

Uses Software

• ORSEE
• Z-Tree

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