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Can a bonus overcome moral hazard? : experimental evidence from markets for expert services

Angelova, Vera; Regner, Tobias - In: Journal of economic behavior & organization : JEBO 154 (2018), pp. 362-378

Persistent link: https://www.econbiz.de/10011986852

Other-Regarding Preferences and Performance Pay : An Experiment on Incentives and Sorting

Villeval, Marie-Claire; Eriksson, Tor - 2004

reciprocity and inequality aversion reduce the attraction of performance related pay. Other-regarding preferences influence both …

Persistent link: https://www.econbiz.de/10010261940

The dark side of team incentives : experimental evidence on advice quality from financial service professionals

Danilov, Anastasia; Biemann, Torsten; Kring, Thorn; … - In: Journal of economic behavior & organization : JEBO 93 (2013), pp. 266-272

Persistent link: https://www.econbiz.de/10010198461

Incentives in Tournaments with Endogenous Prize Selection

Harbring, Christine; Irlenbusch, Bernd - 2004

Tournament incentive schemes offer payments dependent on relative performance and thereby are intended to motivate agents to exert productive effort. Unfortunately, however, an agent may also be tempted to destroy the production of his competitors in order to improve the own relative position....

Persistent link: https://www.econbiz.de/10010262080

The role of salience in performance schemes: Evidence from a field experiment

Englmaier, Florian; Roider, Andreas; Sunde, Uwe - 2012

Incentive schemes affect performance and priorities of agents but, in reality, they can be complicated even for simple tasks. We analyze the effects of the salience of incentives in a team production setting where the principal has an interest in quantity and quality of output. We use data from...

Persistent link: https://www.econbiz.de/10010282221

Career Concerns in a Simple Experimental Labour Market

Irlenbusch, Bernd; Sliwka, Dirk - 2003

We experimentally investigate a simple version of Holmström?s career concerns model in which firms compete for agents in two consecutive periods. Profits of firms are determined by agents? unknown ability and the effort they choose. Before making second-period wage offers firms are informed...

Persistent link: https://www.econbiz.de/10010261580

Is Strong Reciprocity a Maladaptation? On the Evolutionary Foundations of Human Altruism

Fehr, Ernst; Henrich, Joseph - 2003

In recent years a large number of experimental studies have documented the existence of strong reciprocity among humans …. Strong reciprocity means that people willingly repay gifts and punish the violation of cooperation and fairness norms even in … that ultimate theories of kin selection, reciprocal altruism, costly signalling and indirect reciprocity do not provide …

Persistent link: https://www.econbiz.de/10010262063

Psychological Foundations of Incentives

Fehr, Ernst; Falk, Armin - 2002

During the last two decades economists have made much progress in understanding incentives, contracts and organisations. Yet, they constrained their attention to a very narrow and empirically questionable view of human motivation. The purpose of this paper is to show that this narrow view of...

Persistent link: https://www.econbiz.de/10010262734

Deferred Compensation and Gift Exchange : An Experimental Investigation into Multi-Period Labor Markets

Wallace, Brian; Seltzer, Andrew J.; Huck, Steffen - 2004

This paper examines the relationship between firms? wage offers and workers? supply of effort using a three-period experiment. In equilibrium, firms will offer deferred compensation: first period productivity is positive and wages are zero, while third period productivity is zero and wages are...

Persistent link: https://www.econbiz.de/10010261943

Respect as an incentive

Eriksson, Tor; Villeval, Marie-Claire - 2010

Assuming that people care not only about what others do but also on what others think, we study respect as a non-monetary source of motivation in a context where the length of the employment relationship is endogeneous. In our three-stage gift-exchange experiment, the employer can express...

Persistent link: https://www.econbiz.de/10010277038

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