Relational contracts and job design

Anja Schöttner

No 2005-052, SFB 649 Discussion Papers from Humboldt University Berlin, Collaborative Research Center 649: Economic Risk

Abstract: This paper analyzes the problem of optimal job design when there is only one contractible and imperfect performance measure for all tasks whose contribution to firm value is non-verifiable. I find that task splitting is optimal when relational contracts based on firm value are not feasible. By contrast, if an agent who performs a given set of tasks receives an implicit bonus, the principal always benefits from assigning an additional task to this agent.

Keywords: job design; multi-tasking; relational contracts (search for similar items in EconPapers)
JEL-codes: M51 M54 (search for similar items in EconPapers)
Date: 2005
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