In this review of the personnel economics literature, we introduce key topics of personnel
economics, focus on some relatively new findings that have emerged since prior reviews of …

Business firms around the world are experimenting with new organizational designs,
changing their formal architectures, their routines and processes, and their corporate …

Infusing hierarchies with elements of market control has become a much-used way of
simultaneously increasing entrepreneurialism and motivation in firms. However, this paper …

Die Neuauflage berücksichtigt die Umstellung der Diplomstudiengänge auf Bachelor und
Master, so daß das Buch sowohl für Bachelor-Einführungsveranstaltungen als auch für …

I study a dynamic model of trial-and-error search in which agents do not have complete
knowledge of how choices are mapped into outcomes. Agents learn about the mapping by …

Organizations fail due to incentive problems (agents do not want to act in the organization's
interests) and bounded rationality problems (agents do not have the necessary information …

We examine an infinitely repeated game between a principal, who has the formal authority
to decide on a project, and a biased agent, who is privately informed about what projects are …

Innovation is a complex trade-off between routinisation and change, between reliability and
accountability of firms and timely adaptation. This innovator's dilemma confronts innovation …

This paper shows that employee resistance against innovations can be explained by the
sunk costs nature of human capital investments induced by innovations. Therefore, internal …

We analyze the differences between companies owned by private equity (PE) investors and
similar public companies. We document that PE-owned companies use much stronger …