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https://doi.org/10.2139/ssrn.6...
Article . 2004 . Peer-reviewed
Data sources: Crossref
EconStor
Research . 2004
Data sources: EconStor
EconStor
Research . 2004
Data sources: EconStor
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An Experimental Test of Career Concerns

Authors: Alexander K. Koch; Albrecht Morgenstern; Philippe Raab;

An Experimental Test of Career Concerns

Abstract

Holmström’s (1982/99) career concerns model has become an important workhorse for theanalysis of agency issues in many fields. The underlying signal jamming argument requiresplayers to use information in a Bayesian way – which may or may not reasonablyapproximate real-life decision makers’ behavior. Testing this theory with field data is difficultsince typically little is known about the information that individuals base their decisions on,and this explains the dearth of empirical studies. We provide experimental evidence that thesignal jamming mechanism works in a laboratory setting. Moreover, subjects' beliefs fitremarkably well requirements imposed by the Bayesian equilibrium concept.

Country
United Kingdom
Keywords

330, incentives, Agency Theory, Leistungsorientierte Vergütung, Führungskräfte, Experiment, Incentives, C91, Reputation, Dynamisches Modell, Career Concerns, L14, ddc:330, Faculty of History and Social Science\Economics, Signal Jamming, reputation, signal jamming, experiments, D83, career concerns, Experiments, incentives, reputation, career concerns, signal jamming, experiments, Theorie, jel: jel:D83, jel: jel:C91, jel: jel:L14

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
bronze
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