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Testing Canonical Tournament Theory: On the Impact of Risk, Social Preferences and Utility Structure

Sheremeta, Roman M.; Wu, Steven Y. - Institute for the Study of Labor (IZA) - 2012

We use experiments to test comparative statics predictions of canonical tournament theory. Both the roles of principal … tournament design. Consistent with theory, we observed an incentive effect from raising the winner's prize. However, we also … observed several empirical puzzles that appeared to contradict theory. Controlling for social preferences did not resolve the …

Persistent link: https://www.econbiz.de/10009646321

Exploitation, Altruism, and Social Welfare: An Economic Exploration

Doepke, Matthias - Institute for the Study of Labor (IZA) - 2013

Child labor is often condemned as a form of exploitation. I explore how the notion of exploitation, as used in everyday language, can be made precise in economic models of child labor. Exploitation is defined relative to a specific social welfare function. I first show that under the standard...

Persistent link: https://www.econbiz.de/10010668527

Contracts between Legal Persons

Kornhauser, Lewis A.; MacLeod, W. Bentley - Institute for the Study of Labor (IZA) - 2010

Contract law and the economics of contract have, for the most part, developed independently of each other. In this essay, we briefly review the notion of a contract from the perspective of lawyer, and then use this framework to organize the economics literature on contract. The title, Contracts...

Persistent link: https://www.econbiz.de/10008765228

Optimal Incentive Contracts under Inequity Aversion

Englmaier, Florian; Wambach, Achim - Institute for the Study of Labor (IZA) - 2005

contract theory and are more in line with empirical findings than standard results. We find: First, inequity aversion alters …

Persistent link: https://www.econbiz.de/10005566722

Field Experiments in Strategy Research

Chatterji, Aaron K.; Findley, Michael; Jensen, Nathan M.; … - Institute for the Study of Labor (IZA) - 2014

Strategy research often aims to empirically establish a causal relationship between an independent variable and a dependent variable such as firm performance. For many important strategy research questions, however, traditional empirical techniques are not sufficient to establish causal effects...

Persistent link: https://www.econbiz.de/10011105062

Competition, Cooperation, and Corporate Culture

Kosfeld, Michael; Siemens, Ferdinand von - Institute for the Study of Labor (IZA) - 2007

Teamwork and cooperation between workers can be of substantial value to a firm, yet the level of worker cooperation often varies between individual firms. We show that these differences can be the result of labor market competition if workers have heterogeneous preferences and preferences are...

Persistent link: https://www.econbiz.de/10005703792

Social Evolution, Corporate Culture, and Exploitation

Schlicht, Ekkehart - Institute for the Study of Labor (IZA) - 2002

It has been claimed that the market fosters selfishness and thereby undermines the moral basis of society. This thesis has been developed with an emphasis on market exchange. Everyday life is, however, predominantly shaped by interactions in the workplace rather than by shopping behaviour. This...

Persistent link: https://www.econbiz.de/10005566784

Sabotage in Tournaments: Evidence from a Laboratory Experiment

Harbring, Christine; Irlenbusch, Bernd - Institute for the Study of Labor (IZA) - 2009

behavior is almost non-existent. We study sabotage in tournaments in a controlled laboratory experiment and are able to confirm … one of the key insights from theory: effort and sabotage increase with the wage spread. Additionally, we find that even in …

Persistent link: https://www.econbiz.de/10004980267

Security of Property as a Public Good: Institutions, Socio-Political Environment and Experimental Behavior in Five Countries

Campos-Ortiz, Francisco; Putterman, Louis; Ahn, T.K.; … - Institute for the Study of Labor (IZA) - 2012

We study experimentally the protection of property in five widely distinct countries – Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly...

Persistent link: https://www.econbiz.de/10011128038

Helping in Teams

Danilov, Anastasia; Harbring, Christine; Irlenbusch, Bernd - Institute for the Study of Labor (IZA) - 2014

benchmark is tested in an experiment. Furthermore, we provide the first clean one-shot experimental test of the Lazear and Rosen … (1981) tournament model. In a second experiment, we investigate the effectiveness of corporate value statements to encourage …

Persistent link: https://www.econbiz.de/10011105057