• A behavioral explanation of the relative performance evaluation puzzle 

      Fershtman, Chaim; Hvide, Hans K.; Weiss, Yoram (Discussion paper, Working paper, 2002-11)
      We study the effects of competitive preferences, where Chief Executive Officers (CEOs) compare their wage to the wage of other CEOs within the same industry, and derive additional utility from being ahead of them. We show ...
    • Status concerns and the organization of work 

      Fershtman, Chaim; Hvide, Hans K.; Weiss, Yoram (Discussion paper, Working paper, 2001-01)
      We study the effects of local status, where workers compare their wage to the wage of other workers within the same firm. We assume a competitive labor market with unobservable effort, where firms condition wages on output ...