Next week sees a lot of activity on the seminar front.
1. Tuesday November 23
Economics and Psychology One Day Session: UCD Geary Institute
We will be hosting a session on Economics and Psychology in the UCD Research Building on November 23rd. Those who wish to attend should RSVP to Philippa Barrington at email@example.com. Please indicate whether you wish to attend the full-day session or the keynote lecture by Professor Laibson only. There is no registration fee.
Includes 4pm – 5.30pm: Keynote Speaker.
David Laibson (Harvard) “Natural Expectations and Economic Behavior”
More details here.
2. Thursday November 25
The second Geary Lecture of 2010 will be given by Professor Canice Prendergast, W. Allen Wallis Professor of Economics at the University of Chicago Booth School of Business.
Venue: ESRI, Whitaker Square, Sir John Rogerson’s Quay, Dublin 2
Time: 4 p.m.
For the last couple of decades, there has been a large body of work arguing for the widespread use of pay-for-performance as the appropriate means of aligning the interests of workers with those of their employers. This lecture outlines recent contributions to this body of work, and focuses on a number of general themes. First, the successes of pay-for-performance schemes are limited to a small class of agency settings that do not seem to generalise to other settings. Second, the literature has now begun to consider instruments other than pay as the most natural way to align interests. Finally, there is controversial literature in psychology that now challenges the basic assumptions of this strand of economic literature. The talk will review all these recent contributions, and likely directions for future research.
Canice Prendergast, who was a research assistant at the ESRI from 1983 to 1985, is now one of the world’s foremost researchers on workplace incentives and their impact on productivity. He is currently the W. Allen Wallis Professor of Economics at the University of Chicago Booth School of Business.
The Geary lecture is organised each year by the ESRI and honours Dr R. C. Geary (1896 –1983), the first Director of the Institute.
This is one of the special events being held during 2010 to mark the Institute’s fiftieth birthday.
Attendance at the event is free but must be pre-booked. There are a limited number of places available and early booking is encouraged. To book a place, please send details of attendee’s name, organisation and contact telephone number by email to firstname.lastname@example.org.
3. Friday November 26
Canice Prendergast will also give an academic seminar at 1pm on Friday 26 November in the ESRI seminar room.
Contracts and Conflict in Organizations
In many organizations, the way that incentive problems are alleviated is not via contracts, but rather who is hired. This paper offers a theory of targeted hiring, and how its role changes as contracting becomes poorer.