Interpersonal comparison, status and ambition in organisations
This paper argues that the prevalence of compensation systems which reward winners without explicitly identifying losers can be rationalized by workers' concern for relative payoffs. If the workers' participation constraints are binding, the firm must compensate its employees for the disut...
| Main Authors: | , |
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| Format: | Working paper |
| Udgivet: |
University of Oxford
2005
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