Article Abstract:
A study was conducted to analyze the use of prizes as an incentive tool in team production environments. A monetary prize was used in a standard experiment with asymmetrically endowed subjects representing asymmetric capabilities to contribute towards the group objective. Results indicated the prize treatments enhanced group contributions. Findings also showed that rewarding persons based on absolute contributions increased the dispersion between the contributor and the remainder of the group.
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Article Abstract:
A study was conducted to analyze a framework by which an enterprise handles the terms-of-trade effect. The effect conditions variations in input to output prices and prices of goods and services on which income is based. The study examines data from the German telecom sector to measure such an effect and to examine the case of real income. Results show that the framework developed from the German study is applicable to managerial economic studies.
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Article Abstract:
The quantiles used in the phrasing of income evaluation questions and how it affects the quantification of individual welfare functions were analyzed. Households were surveyed as to their consideration of tax income, from very bad, insufficient, sufficient, good and very good. The quantiles were estimated according to the equal interval assumption. It was concluded that estimation analysis did not support the equal interval hypothesis.
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