2015 Fiscal Year Final Research Report
The role of communication in the design of incentives
| Project/Area Number |
24530208
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Economic theory
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| Research Institution | Kinki University |
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Principal Investigator |
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| Project Period (FY) |
2012-04-01 – 2016-03-31
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| Keywords | インセンティブ / 組織 / 提携交渉 / 人事の経済学 / 契約理論 |
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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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| Free Research Field |
理論経済学
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