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BEHAVIOURAL ECONOMICS OF ORGANIZATION: EMPLOYEES AND MANAGERS

Petr Houdek, Petr Koblovský

If you are an economist, you are reading this article without any financial incentive from your employer. It is equally difficult to verify that such activity will contribute to your growth of human capital and increased productivity in research or teaching. (That does not prevent the authors from hoping it will.) The standard economic model, which explains employee’s effort only through the wage (determined by productivity), is therefore incomplete.
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