The organizer randomly samples a number of dimensions and awards a prize to the most productive agent.
Consequently, the incentive for agents with a low productivity to mimic highly productive agents is reduced and the misallocation of effort is mitigated.
From the development perspective, microfinance is all about giving poor people a chance to work themselves out of poverty to be treated as responsible, productive agents with the capacity to improve their own lives if given the same chances that more wealthy people in more developed countries can afford.
She arranged 35 property sales last year totaling more than $20 million, making her one of the most productive agents in Westchester.
Another factor is what percentage of the commission the listing agent has to hand over to his or her employer; at large firms, less experienced or less productive agents may not pocket even half of the commission they earn.
The price per unit of time that a particular kind of labour commands in the market depends not only upon the technical efficiency of the labourer but also upon the demand for the particular services that he is able to furnish, upon their relative scarcity, and upon the supply of other productive agents.
When analyzing how competition for productive agents can interact with the firm's incentive schemes undermining work ethics, Bénabou and Tirole (2016) find that wage taxation reduces the misallocation of effort that arises due to market frictions.
The bug was a productive one, and DeVecchio's agents began making arrests, starting with Ambrosino, who immediately elected to coöperate, and who connected Scarpa to at least one killing.
"That was one of the reasons I could come in here and be a productive player as a rookie free agent," Johnson said of his time with Spurrier.
The agents had built a productive relationship with Thai law-enforcement officials, and knew that Russian citizens could visit the country without a visa.
Activating people within existing social networks to serve as agents of behavior change has proven to be a productive approach for cultivating health enhancement.
