Showing 1 - 10 of 194
maximization problem of the firm. As a result, monitoring and pay should be complements. In our experiment, between and within … on the reciprocity of employees. …
Persistent link: https://www.econbiz.de/10011255473
We experimentally study the relationship between other-regarding preferences, group identity and political participation. In doing so, we propose a novel group identity induction procedure that succeeds in creating environments where in-group bias is either high or low. At the individual level,...
Persistent link: https://www.econbiz.de/10011256817
each other. The contract may contain two types of incentives for the agent to work hard: a bonus and a threat of dismissal …
Persistent link: https://www.econbiz.de/10011255564
This paper studies how firms can efficiently incentivize supervisors to truthfully report employee performance. To this end, I develop a dynamic principal-supervisor-agent model. The supervisor is either selfish or altruistic towards the agent, which is observable to the agent but not to the...
Persistent link: https://www.econbiz.de/10011256342
This paper studies wage structure characteristics and their incentive effects within one firm. Based on personnel records and an employee survey, we provide evidence that wages are attached to jobs and that promotions play a dominant role as a wage determinant. We furthermore show that a...
Persistent link: https://www.econbiz.de/10011257489
This paper reports the results of an individual real effort laboratory experiment where subjects are paid for measured …
Persistent link: https://www.econbiz.de/10011255986
reciprocity in the trust game are more likely to choose team incentives. When exposed to individual incentives, workers who chose … how self-selection of workers into firms depends on the power of the firms' incentive schemes and how it affects the … performance of firms that increase the power of the incentive schemes. In a laboratory experiment, we let subjects choose between …
Persistent link: https://www.econbiz.de/10011256659
This discussion paper resulted in an article in 'Games and Economic Behavior' (2013). Volume 77, issue 1, pages 41-60.<P> Numerous gift exchange experiments have found a positive relationship between employers' wage offers and workers' effort levels. In (almost) all these experiments the employer...</p>
Persistent link: https://www.econbiz.de/10011255890
have to strike a balance between the productive incentives and the rent-seeking incentives they provide. Standard theory … recent theories that emphasize the importance of reciprocity, however, suggest that this relationship may go the other way … around. In this paper we test these predictions by means of a laboratory experiment. By and large our findings confirm …
Persistent link: https://www.econbiz.de/10011256678
A worker's utility may increase with his income, but envy can make his utility decline with his employer's income. This article uses a principal-agent model to study profit-maximizing contracts when a worker envies his employer. Envy tightens the worker's participation constraint and so calls...
Persistent link: https://www.econbiz.de/10011256032