Describe a typical workday in the job. Specify any incentive conflicts that arise on the job by using a model (or a similar frameowrk) to what we did in class. 2. Explain whether monetary incentives can correct the incentive problem

ECOS 2201 Economics of Competition and Strategy Suraj Prasad Semester 2, 2025 Assignment 1 Details The main objective of this assignment is to get you to apply concepts learnt in the class to real world problems. In terms of allocating time, you should set aside about 2 hours a week to work on the assignment. The assignment (typed with 11 point font and double spacing) has to be submitted on Canvas through Turnitin by midnight Nov 2, 2025 (this is the end of Week 12 – more details on the link and how to submit the assignment will be provided closer to the date). 2 Topic Select a job that you have worked in or a job that you find particularly interesting (in case you have never worked in a job here is a list of occupations you can browse through). https://www.bls.gov/ooh/ 1. Describe a typical workday in the job. Specify any incentive conflicts that arise on the job by using a model (or a similar frameowrk) to what we did in class. 2. Explain whether monetary incentives can correct the incentive problem studied. Are there other instruments (besides money) to correct the incentive problem You must discuss at least one other instrument. In words, how would you model this 3. What are the costs and benefits of using the instrument you suggest 4. Based on your analysis, what advice would you give to a manager trying to motivate a worker in the job setting you consider 3 Length The assignment should be less than 2 pages, double spaced, 11 point. You can use an additional page for references. font. 1 4 Grading The assignment counts for 15 percent of your overall grade in this unit. I will use three criteria for the grading. How “creative” your assignment is – for instance, how novel your incentive insrument is and how you think about modeling it. How logical your argument is and the insights that your model can deliver. You want your model to strike a balance between including (the most) relevant details and being concise. This can be difficult. The clarity of your writing and arguments. Using a simple graph to capture some of your main ideas could help with this. 5 AI I am fine with you using AI to generate some ideas for your assignment (for example, the free version of Chat GPT). If you do, you will need to write a short paragraph on how you used the program and the ideas that you drew from it. In general, the output on these programs is quite generic and not what I am looking for in an ideal assignment. 6 References Make sure that you reference your work if you draw on other sources.