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Games with Money and Status

其他書名	How Best to Incentivize Work
出版	Cowles Foundation for Research in Economics, Yale Univ., 2014
URL	http://books.google.com.hk/books?id=3WHPvQEACAAJ&hl=&source=gbs_api

註釋Status is greatly valued in the real world, yet it has not received much attention from economic theorists. We examine how the owner of a firm can best combine money and status together to get his employees to work hard for the least total cost. We find that he should motivate workers of low skill mostly by status and high skill mostly by money. Moreover, he should do so by using a small number of titles and wage levels. This often results in star wages to the elite performers.