Monetary and non-monetary SWO retention bonuses: an experimental approach to the Combinatorial Retention Auction Mechanism (CRAM)
Browning, Amanda G.
Burr, Clinton F.
Gates, William R.
Coughlan, Peter J.
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This purpose of this project was to use an experimental approach to examine the behavior patterns in the decision-making process when choosing between monetary and non-monetary bonuses related to retention. We expected to observe that experimental subjects would choose incentives that maximize their personal retention value. The experiment is a retention mechanism that optimally combines monetary and non-monetary incentives to achieve desired SWO retention. The goal is to develop combinations of incentives that minimizing retention bonus costs while maximizing individual self-interests.
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