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Gift Exchange and Workers' Fairness Concerns : When Equality is Unfair

Abeler, Johannes - 2009

. This is not caused by monetary incentives per se since under both wage schemes it is profit-maximizing for agents to exert …

Persistent link: https://www.econbiz.de/10013158119

Altruism and Relational Incentives in the Workplace

Dur, Robert A. J. - 2013

. The contract may contain two types of incentives for the agent to work hard: a bonus and a threat of dismissal. We find …

Persistent link: https://www.econbiz.de/10013082165

The Roles of Incentives and Voluntary Cooperation for Contractual Compliance

Gächter, Simon - 2011

-regarding incentives for contractual compliance are present as well. Here we provide a comprehensive experimental analysis based on the … gift-exchange game of how explicit and implicit incentives affect cooperation. We first show that there is substantial … contracts without any incentives and implicit incentives coming from repeated interaction. Implicit incentives have a strong …

Persistent link: https://www.econbiz.de/10013123592

Discretionary Latitude and Relational Contracting

Wu, Steven Y.; Roe, Brian E. - 2021

. Our results are consistent with the theory of strategic ambiguity of Bernheim and Whinston (1998) and can be rationalized …

Persistent link: https://www.econbiz.de/10013316957

Strategic Incomplete Contracts : Theory and Experiments

Erkal, Nisvan - 2015

We develop a model of strategic contractual incompleteness that identifies conditions under which principals might omit even costlessly verifiable terms. We then use experiments to test comparative statics predictions of the model. While it is well known that verifiability imperfections can...

Persistent link: https://www.econbiz.de/10013031190

More than the Money : Payoff-Irrelevant Terms in Relational Contracts

Goerg, Sebastian J. - 2018

We investigate how payoff-irrelevant terms can negatively impact relational contracts. In a lab experiment we compare two economically equivalent contracts – a fixed-term renewable and an open-ended at-will contract. Each contract provides partners with full flexibility regarding the length...

Persistent link: https://www.econbiz.de/10012912695

Time is on My Side : Relational Contracts and Aggregate Welfare

Kukharskyy, Bohdan - 2018

total factor productivity. We provide empirical evidence in line with the predictions of our theory …

Persistent link: https://www.econbiz.de/10012923240

Human Capital Risk, Contract Enforcement, and the Macroeconomy

Krebs, Tom - 2015

We use data from the Survey of Consumer Finance and Survey of Income Program Participation to show that young households with children are under-insured against the risk that an adult member of the household dies. We develop a tractable macroeconomic model with human capital risk, age-dependent...

Persistent link: https://www.econbiz.de/10013016264

Moral Hypocrisy, Power and Social Preferences

Rustichini, Aldo - 2012

We show with a laboratory experiment that individuals adjust their moral principles to the situation and to their actions, just as much as they adjust their actions to their principles. We first elicit the individuals' principles regarding the fairness and unfairness of allocations in three...

Persistent link: https://www.econbiz.de/10013104971

Behavioural Responses to Unfair Institutions : Experimental Evidence on Rule Compliance, Norm Polarisation, and Trust

Columbus, Simon; Feld, Lars P.; Kasper, Matthias; … - 2023

This study investigates the effects of unfair enforcement of institutional rules on public good contributions, personal and social norms, and trust. In a preregistered online experiment (n = 1,038), we find that biased institutions reduce rule compliance compared to fair institutions. However,...

Persistent link: https://www.econbiz.de/10014346014