040439 VK IM: International Human Resource Management (2009S)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften

Continuous assessment of course work

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Registration is open from Mo 09.02.2009 09:00 to Su 22.02.2009 23:59
Registration is open from Th 26.02.2009 09:00 to Sa 04.04.2009 14:17
Deregistration possible until Sa 04.04.2009 14:17

Details

max. 50 participants

Language: English

Lecturers

Oliver Fabel

Classes (iCal) - next class is marked with N

Thursday 19.03. 14:00 - 16:00 Hörsaal 3
Thursday 26.03. 14:00 - 16:00 Hörsaal 3
Thursday 02.04. 14:00 - 16:00 Hörsaal 3
Thursday 23.04. 14:00 - 16:00 Hörsaal 3
Thursday 30.04. 14:00 - 16:00 Hörsaal 3
Thursday 07.05. 14:00 - 16:00 Hörsaal 3
Thursday 07.05. 16:00 - 18:00 AudiMax BWZ
Thursday 14.05. 14:00 - 16:00 Hörsaal 3
Thursday 28.05. 14:00 - 16:00 Hörsaal 3
Thursday 04.06. 14:00 - 16:00 Hörsaal 3
Thursday 18.06. 14:00 - 16:00 Hörsaal 3
Thursday 25.06. 14:00 - 16:00 Hörsaal 3
Thursday 25.06. 16:00 - 18:00 AudiMax BWZ

Information

Aims, contents and method of the course

Setting motivating incentives is clearly of prime importance for firm success. However, incentives must also be set 'properly'; e. g. the incentive scheme must be efficient rather than merely effective. The induced actions of the agents must serve the firm's objective at minimum costs. This lecture focuses on the optimal motivation of agents via incentives and contract design. Problems arise due to asymmetric information structures, imperfect commitment, and bounded rationality.

I. Introduction

I.1. Case Study - Salomon Brothers
Milgrom, P. and J. Roberts, Economics, Organization and Management, Englewood Cliffs, New Jersey: Prentice Hall, 1992, p. 9-12.

II. Foundations of Imperfect Commitment Problems

Milgrom, P. and J. Roberts, Economics, Organization and Management, Englewood Cliffs, New Jersey: Prentice Hall, 1992, p. 133-140.
Kräkel, M., Organisation und Management, Tübingen: Mohr-Siebeck, 1999, S. 36- 49.

III. Foundations of Adverse Selection Problems

Milgrom, P. and J. Roberts, Economics, Organization and Management, Englewood Cliffs, New Jersey: Prentice Hall, 1992, p. 149-159, 164-165.
Jost, Peter-J. (Hrsg.), Die Prinzipal-Agenten-Theorie in der Betriebswirtschaftslehre, Stuttgart: Schäffer-Poeschel, 2001, Kapitel 2, Abschnitte 2.3 und 2.4.

IV. Foundations of Moral Hazard Problems

Milgrom, P. and J. Roberts, Economics, Organization and Management, Englewood Cliffs, New Jersey: Prentice Hall, 1992, Chapter 6.
Jost, Peter-J. (Hrsg.), Die Prinzipal-Agenten-Theorie in der Betriebswirtschaftslehre, Stuttgart: Schäffer-Poeschel, 2001, Kapitel 2, Abschnitt 2.2.

V. The LEN-Model of Moral Hazard

Milgrom, P. and J. Roberts, Economics, Organization and Management, Englewood Cliffs, New Jersey: Prentice Hall, 1992, Chapter 7.
Kräkel, M., Organisation und Management, Tübingen: Mohr-Siebeck, 1999, S. 59- 77.
Jost, Peter-J. (Hrsg.), Die Prinzipal-Agenten-Theorie in der Betriebswirtschaftslehre, Stuttgart: Schäffer-Poeschel, 2001, Kapitel 10.

VI. Rent-Seeking, Unproductive Activities, and Efficiency

Milgrom, P. and J. Roberts, Economics, Organization and Management, Englewood Cliffs, New Jersey: Prentice Hall, 1992, Chapter 8.
Jost, Peter-J. (Hrsg.), Die Prinzipal-Agenten-Theorie in der Betriebswirtschaftslehre, Stuttgart: Schäffer-Poeschel, 2001, Kapitel 3.
Kräkel, M., Organisation und Management, Tübingen: Mohr-Siebeck, 1999, S. 100-118.

Assessment and permitted materials

This class is immanently relevant for examination (¿dieser Kurs ist eine Lehrveranstaltung mit immanentem Prüfungscharakter¿). Students can earn a maximum of 50 points on each of the two exams, the midterm and the final. To pass the course students must collect a total of 50 points or more.
Make-up exams are only available for students on sick leave (documented by immediately handing in a doctor¿s sickness note at the chair¿s office) or leaves supported by formal decision of the university, the faculty, and/or the institute.

Minimum requirements and assessment criteria

http://ipersonal.univie.ac.at/index.php?id=28541

Examination topics