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During the last two decades economists have made much progress in understanding incentives, contracts and organisations. Yet, they constrained their attention to a very narrow and empirically questionable view of human motivation. The purpose of this paper is to show that this narrow view of...
Persistent link: https://www.econbiz.de/10011409795
This paper surveys recent experimental and field evidence on the impact of concerns for fairness, reciprocity and …
Persistent link: https://www.econbiz.de/10010440439
We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and that subjects attain the most efficient ownership allocation despite starting...
Persistent link: https://www.econbiz.de/10010440440
We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and that the subjects achieve the most efficient ownership allocation starting...
Persistent link: https://www.econbiz.de/10010365912
Persistent link: https://www.econbiz.de/10010371081
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that only workers who display positive reciprocity in a lab experiment show reciprocal performance responses in the field …, while workers who lack positive reciprocity in the lab do not respond to the wage increase even if they feel underpaid at … interpret previous contradictory findings in the literature. -- Fairness Perception ; Positive Reciprocity ; Field Experiment …
Persistent link: https://www.econbiz.de/10009747325
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