Showing 1 - 10 of 38
requires not only mutual trust, like simple exchange, but also a substantial degree of coordination. We examine whether players …
Persistent link: https://www.econbiz.de/10005209458
We study fairness and reciprocity in a Hawk-Dove game. This alllows us to test various models in one framework. We …
Persistent link: https://www.econbiz.de/10005137274
generally the same in both treatments, in line with rule-based social preference models, like procedural fairness. …
Persistent link: https://www.econbiz.de/10009391881
Although reciprocity is a key concept in the social sciences, it is still unclear why people engage in costly …-reported anger highlights the importance of using both techniques for studying reciprocity. …
Persistent link: https://www.econbiz.de/10005504959
that the principal cares for them. Principals can signal their altruism by offering a generous contract, consisting of a … base salary and an output-contingent bonus. I find that principals signal their altruism by offering relatively weak … agents do not reciprocate the principal's altruism, the principal may find it optimal to write a contract that simultaneously …
Persistent link: https://www.econbiz.de/10008513238
Numerous gift exchange experiments have found a positive relationship between employers' wage offers and workers' effort levels. In (almost) all these experiments the employer both owns and controls the firm. Yet in reality many firms are characterized by the separation of ownership and control....
Persistent link: https://www.econbiz.de/10005136878
This paper investigates an implication of the self-serving bias for reciprocal responses. It is hypothesized that negative intentionality matters more than positive intentionality for reciprocating individuals with a self-serving attributional style. Experimental evidence obtained in the hot...
Persistent link: https://www.econbiz.de/10005136955
We develop a model of manager-employee relationships where employees care more for their manager when they are more convinced that their manager cares for them. Managers can signal their altruistic feelings towards their employees in two ways: by offering a generous wage and by giving attention....
Persistent link: https://www.econbiz.de/10005136961
start. The results suggest pronounced elements of overconfidence, egoism and (biased) reciprocity in behaviour, which may …
Persistent link: https://www.econbiz.de/10005136962
We study the relation between formal incentives and social exchange in organizations where employees work for several managers and reciprocate to a manager's attention with higher effort. To this end we develop a common agency model with two-sided moral hazard. We show that when effort is...
Persistent link: https://www.econbiz.de/10005136973