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Multitasking: incentivizing agents differing either in their work ethic or intrinsic motivation
Journal of Economics ( IF 1.6 ) Pub Date : 2020-08-01 , DOI: 10.1007/s00712-020-00713-9
Carsten Helm , Franz Wirl

Saint Thomas Aquinus ’agen autem non movet nisi ex intentione finis (an agent does not move except out of intention for an end, quoted from Nassim Nicholas Taleb, Antifragile, p. 169.)’. This paper uses the familiar multitasking framework in order to compare contracting with agents holding private information either about their work ethic or intrinsic motivation. Those characterizations are observation equivalent in the absence of incentives but matter once monetary incentives are offered. Indeed the difference is stark: First, incentives change the characterization of which types are efficient or inefficient. Second, contracts in terms of an agent’s work ethic are robust if constraints (ensuring sufficient effort for the unobservable task) are introduced while such constraints can render only fixed wages feasible for intrinsically motivated agents.

中文翻译:

多任务处理:激励不同职业道德或内在动机的代理人

圣托马斯·阿奎努斯 'agen autem non movet nisi ex intente finis(代理不会移动,除非出于目的目的,引自 Nassim Nicholas Taleb, Antifragile, p. 169.)”。本文使用熟悉的多任务处理框架来比较与持有有关其职业道德或内在动机的私人信息的代理的合同。在没有激励措施的情况下,这些特征是观察等效的,但一旦提供货币激励措施就很重要。确实,差别很明显:首先,激励改变了对有效或无效类型的表征。第二,
更新日期:2020-08-01
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