| Budget Amount *help |
¥2,080,000 (Direct Cost: ¥1,600,000、Indirect Cost: ¥480,000)
Fiscal Year 2014: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2013: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2012: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
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| Outline of Final Research Achievements |
I study the problem of information learning and incentives inside organizations under the framework of incomplete contracts. First, I identify an organizational form with a rule of ex-post bargaining and show that the choice of organizational form is affected by the incentives of human capital investment. Second, I analyze wage negotiations between one employer and two workers. I show that how the complementarity of workers and the externalities to their wage contracts affect the pattern and the order of wage bargaining. Third, I examine the promotion decision when the employer and employees have different prior beliefs over employees' ability. I show that employees' overconfidence is a necessary condition for a delayed promotion and the attractiveness of the late promotion relative to the early promotion increases as the precision of the employer's prior belief increases.
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