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Falk, Armin; Kosfeld, Michael - C.E.P.R. Discussion Papers - 2004

We show experimentally that a principal's distrust in the voluntary performance of an agent has a negative impact on … the agent's motivation to perform well. Before the agent chooses his performance, the principal in our experiment decides … opportunistically. We find that most principals in our experiment do not restrict the agent's choice set but trust that the agent will …

Persistent link: https://www.econbiz.de/10005124063

Field Experiments with Firms

Bandiera, Oriana; Barankay, Iwan; Rasul, Imran - C.E.P.R. Discussion Papers - 2011

We discuss how the use of field experiments sheds light on long standing research questions relating to firm behavior. We present insights from two classes of experiments: within and across firms, and draw common lessons from both sets. Field experiments within firms generally aim to shed light...

Persistent link: https://www.econbiz.de/10009493556

Fairness and the Optimal Allocation of Ownership Rights

Fehr, Ernst; Kremhelmer, Susanne; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2005

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/10005504775

Effects of religiosity on social behaviour: Experimental evidence from a representative sample of Spaniards

Brañas-Garza, Pablo; Espín, Antonio M.; Neuman, Shoshana - C.E.P.R. Discussion Papers - 2013

paradigmatic economic games: the dictator (DG), ultimatum (UG), and trust (TG) games. A large carefully designed sample of a …, bargaining behaviour and sense of fairness/equality, trust, and positive reciprocity. Three dimensions of religiosity are …

Persistent link: https://www.econbiz.de/10011083371

The Firm as the Locus of Social Comparisons: Internal Labor Markets versus Up-or-out

Auriol, Emmanuelle; Friebel, Guido; Lammers, Frauke - C.E.P.R. Discussion Papers - 2012

We suggest a parsimonious dynamic agency model in which workers have status concerns. A firm is a promotion hierarchy in which a worker’s status depends on past performance. We investigate the optimality of two types of promotion hierarchies: (i) internal labor markets, in which agents have a...

Persistent link: https://www.econbiz.de/10011083868

Use and Abuse of Authority: A Behavioral Foundation of the Employment Relation

Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2012

Employment contracts give a principal the authority to decide flexibly which task his agent should execute. However, there is a tradeoff, first pointed out by Simon (1951), between flexibility and employer moral hazard. An employment contract allows the principal to adjust the task quickly to...

Persistent link: https://www.econbiz.de/10011084462

Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance

Flabbi, Luca; Macis, Mario; Moro, Andrea; Schivardi, Fabiano - C.E.P.R. Discussion Papers - 2014

We analyze a matched employer-employee panel data set and find that female leadership has a positive effect on female wages at the top of the distribution, and a negative one at the bottom. Moreover, performance in firms with female leadership increases with the share of female workers. This...

Persistent link: https://www.econbiz.de/10011084603

Biological Gender Differences, Absenteeism and the Earning Gap

Ichino, Andrea; Moretti, Enrico - C.E.P.R. Discussion Papers - 2006

In most Western countries illness-related absenteeism is higher among female workers than among male workers. Using the personnel dataset of a large Italian bank, we show that the probability of an absence due to illness increases for females, relative to males, approximately 28 days after a...

Persistent link: https://www.econbiz.de/10005656131

Diagnosing Discrimination: Stock Returns and CEO Gender

Wolfers, Justin - C.E.P.R. Discussion Papers - 2006

A vast labour literature has found evidence of a 'glass ceiling', whereby women are under-represented among senior management. A key question remains the extent to which this reflects unobserved differences in productivity, preferences, prejudice, or systematically biased beliefs about the...

Persistent link: https://www.econbiz.de/10005661539

Computing Crime: Information Technology, Police Effectiveness and the Organization of Policing

Garicano, Luis; Heaton, Paul - C.E.P.R. Discussion Papers - 2006

How does information technology (IT) affect the organization of police work? How does it in turn affect police crime-fighting effectiveness? To answer these questions, we construct a new panel data set of police departments covering 1987-2003. We find that while IT adoption had substantial...

Persistent link: https://www.econbiz.de/10005792143

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