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A survey of experimental research on contests, all-pay auctions and tournaments

Dechenaux, Emmanuel; Kovenock, Dan; Sheremeta, Roman M. - 2012

Many economic, political and social environments can be described as contests in which agents exert costly efforts while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all-pay auctions and rankorder tournaments. This survey...

Persistent link: https://www.econbiz.de/10010311082

Distrust : The Hidden Cost of Control

Falk, Armin; Kosfeld, Michael - 2004

We show experimentally that a principal?s distrust in the voluntary performance of an agent has a negative impact on the agent?s motivation to perform well. Before the agent chooses his performance, the principal in our experiment decides whether he wants to restrict the agents? choice set by...

Persistent link: https://www.econbiz.de/10010261958

Legitimacy of Control

Schnedler, Wendelin; Vadovic, Radovan - 2007

What is the motivational effect of imposing a minimum effort require- ment? Agents may no longer exert voluntary effort but merely meet the requirement. Here, we examine how such hidden costs of control change when control is considered legitimate. We study a principal- agent model where control...

Persistent link: https://www.econbiz.de/10011422159

Behavioural isomorphism, cognitive economy and recursive thought in non-transitive game strategy

Dyson, Benjamin J. - In: Games 10 (2019) 3, pp. 1-14

Game spaces in which an organism must repeatedly compete with an opponent for mutually exclusive outcomes are critical methodologies for understanding decision-making under pressure. In the non-transitive game rock, paper, scissors (RPS), the only technique that guarantees the lack of...

Persistent link: https://www.econbiz.de/10012227777

Team production and esteem: A dual selves model with belief-dependent preferences

Greiff, Matthias - In: Games 10 (2019) 3, pp. 1-20

We propose a dual selves model to integrate affective responses and belief-dependent emotions into game theory. We apply our model to team production and model a worker as being composed of a rational self, who chooses effort, and an emotional self, who expresses esteem. Similar to psychological...

Persistent link: https://www.econbiz.de/10012227778

Biological gender differences, absenteeism and the earning gap

Ichino, Andrea; Moretti, Enrico - 2006

In most Western countries illness-related absenteeism is higher among female workers than among male workers. Using the … interpret this as evidence that the menstrual cycle raises female absenteeism. Absences with a 28-day cycle explain a … significant fraction of the male-female absenteeism gap. To investigate the effect of absenteeism on earnings, we use a simple …

Persistent link: https://www.econbiz.de/10010267730

Does Group-Based Incentive Pay Lead To Higher Productivity? Evidence from a Complex and Interdependent Industrial Production Process

Frederiksen, Anders; Hansen, Daniel Baltzer Schjødt; … - 2022

Group-based incentive pay is attractive in contexts where production is complex and interdependent, yet freeriding is a paramount concern. We assess the introduction of group-based performance pay in a modern industrial production setting using difference-in-difference estimation. Performance...

Persistent link: https://www.econbiz.de/10012882562

Incentive Effects of Bonus Payments : Evidence from an International Company

Engellandt, Axel; Riphahn, Regina T. - 2004

This study uses panel data describing about 6,500 employees in a large international company to study the incentive effects of performance related pay. The company uses two performance related remuneration mechanisms. One is an individual "surprise" bonus payment. The other is a more structured...

Persistent link: https://www.econbiz.de/10010261984

Temporary Contracts and Employee Effort

Engellandt, Axel; Riphahn, Regina T. - 2003

Temporary contracts provide employers with a tool to screen potential new employees and have been shown to provide "stepping stones" into permanent employment for workers. For both reasons workers on temporary contracts have an incentive to provide more effort than permanent employees. Using...

Persistent link: https://www.econbiz.de/10010262757

Incentive effects of bonus payments: Evidence from an international company

Engellandt, Axel; Riphahn, Regina T. - 2004

Persistent link: https://www.econbiz.de/10011428759