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Incomplete and Asymmetric Surplus Information in Labor Relations

Hennig-Schmidt, Heike; Rockenbach, Bettina; Sadrieh, … - 2003

information on the surplus created. Recent field experiments, however, suggest that trust and reciprocity may be lower or absent …Numerous laboratory experiments show that workers reciprocate to high wages with high effort, when there is perfect … information in a “bilateral gift exchange” setting. We find that trust and reciprocity have a significant positive effect on wages …

Persistent link: https://www.econbiz.de/10010263092

Neutral versus Loaded Instructions in a Bribery Experiment

Abbink, Klaus; Hennig-Schmidt, Heike - 2002

This paper contributes to the ongoing methodological debate on context-free versus in-context presentation of experimental tasks. We report an experiment using the paradigm of a bribery experiment. In one condition, the task is presented in a typical bribery context, the other one uses abstract...

Persistent link: https://www.econbiz.de/10010263068

On the Prudence of Rewarding A While Hoping For B

Schnedler, Wendelin - 2003

In multiple-task hidden-action models, the (mis-)allocation of effort may play an important role for benefit creation. Signals which capture this benefit and which are used in incentive schemes should thus not only be judged by the noise and the associated costs but also by the mis-allocation...

Persistent link: https://www.econbiz.de/10010263061

Wage floors and optimal job design

Kragl, Jenny; Schöttner, Anja - 2011

We analyze the effects of lower bounds on wages, e.g., minimum wages or liability limits, on job design within firms. In our model, two tasks contribute to non-veriable firm value and affect an imperfect performance measure. The tasks can be assigned to either one or two agents. In the absence...

Persistent link: https://www.econbiz.de/10010293373

Experimentally Observed Imitation and Cooperation in Price Competition on the Circle

Selten, Reinhard; Apesteguia, José - 2002

willingness to pay. Experiments, extended over 200 periods, were run with 3, 4, and 5 participants. Subjects did not receive any …

Persistent link: https://www.econbiz.de/10010270575

Experimentally Observed Imitation and Cooperation in Price Competition on the Circle

Selten, Reinhard; Apesteguia, Jose - University of Bonn, Germany - 2002

willingness to pay. Experiments, extended over 200 periods, were run with 3, 4, and 5 participants. Subjects did not receive any …

Persistent link: https://www.econbiz.de/10005032209

Envy and Compassion in Tournaments

Grund, Christian; Sliwka, Dirk - 2002

Many experiments indicate that most individuals are not purely motivated by material self interest, but also care about …

Persistent link: https://www.econbiz.de/10010263076

On the Hidden Costs of Incentive Schemes

Sliwka, Dirk - 2003

By enriching a principal-agent model it is shown that the introduction of monetary incentives may reduce an agent's motivation. In a first step, we allow for the possibility that some agents stick to unverifiable agreements. The larger the fraction of reliable agents, the lower powered will then...

Persistent link: https://www.econbiz.de/10010263084

Treating Equals Unequally - Incentives in Teams, Workers' Motivation and Production Technology

Goerg, Sebastian J.; Kube, Sebastian; Zultan, Ro'i - 2007

The importance of fair and equal treatment of workers is at the heart of the debate in organizational management. In this regard, we study how reward mechanisms and production technologies affect effort provision in teams. Our experimental results demonstrate that unequal rewards can potentially...

Persistent link: https://www.econbiz.de/10010274004

The Dispersion of Employees' Wage Increases and Firm Performance

Grund, Christian; Westergård-Nielsen, Niels Christian - 2005

In this contribution we examine the interrelation between intra-firm wage increases and firm performance. Previous studies have focused on the dispersion of wages in order to examine for the empirical dominance of positive monetary incentive effects compared to adverse effects due to fairness...

Persistent link: https://www.econbiz.de/10010277234