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We propose experiments in virtual reality (VR) as a new approach to examining behavior in an economic context, e.g., heterogeneity in dynamic tournaments. We simulate a realistic working situation in a highly immersive environment. Implementing a tournament in VR, we are able to mitigate the...
Persistent link: https://www.econbiz.de/10011946765
competition between agents but also by the possibility to punish the principal via sabotage. …
Persistent link: https://www.econbiz.de/10002453250
-sharing, screening opportunities, and competition are important driving forces behind these new forms of work organization. We document … competition substantially fosters the trust strategy, reduces market segmentation, and leads to large welfare gains for both … employers and employees. -- Job design ; high-performance work systems ; screening ; reputation ; competition ; trust ; control …
Persistent link: https://www.econbiz.de/10003935189
The formation of human capital is important for a society's welfare and economic success. Recent literature shows that child health can provide an important explanation for disparities in children's human capital development across different socio-economic groups. While this literature focuses...
Persistent link: https://www.econbiz.de/10009307391
From an employer's perspective a tournament should induce agents to exert productive activities but refrain from destructive ones. We experimentally test the predictive power of a tournament model which suggests that within a reasonable framework productive and destructive activities are not...
Persistent link: https://www.econbiz.de/10003248842