Arbeitspapier
Peer Evaluation: Incentives and Co-Worker Relations
In many workplaces co-workers have the best information about each other's effort. Managers may attempt to exploit this information through peer evaluation. I study peer evaluation in a pure moral hazard model of production by two limitedly liable agents. Agents receive a signal about their colleague's effort level, and are asked to report it to the principal. The principal may give an individual bonus for the receipt of a positive evaluation by a colleague, which stimulates effort as long as signals are revealed truthfully. A cost of lying ascertains that there can be truthful revelation. I show that interpersonal relations between colleagues constrain the bonus for receiving a positive evaluation in order to keep evaluations truthful. Still, the principal will always include such a bonus in the optimal contract, and possibly complement it with a team bonus. Co-worker relations have non-monotic effects on profits in the optimal contract.
- Sprache
-
Englisch
- Erschienen in
-
Series: Tinbergen Institute Discussion Paper ; No. 10-055/1
- Klassifikation
-
Wirtschaft
Economics of Contract: Theory
Compensation Packages; Payment Methods
Personnel Economics: General
- Thema
-
peer evaluation
peer appraisal
incentive contracts
co-worker relations
likeability bias
Arbeitskräfte
Soziale Beziehungen
Informationsverbreitung
Anreizvertrag
Prinzipal-Agent-Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Sol, Joeri
- Ereignis
-
Veröffentlichung
- (wer)
-
Tinbergen Institute
- (wo)
-
Amsterdam and Rotterdam
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Sol, Joeri
- Tinbergen Institute
Entstanden
- 2010
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