Nyborg, Karine; Brekke, Kjell Arne - Helseøkonomisk Forskningsprogram (HERO), Universitetet … - 2009
Work contributes to people’s self-image in important ways. We propose a model in which individuals have a preference for being important to others. This leads to the following predictions: 1) In fully competitive markets with performance pay, behavior coincides with the standard model...