Similar Search Results

Fairness and the optimal allocation of ownership rights

Fehr, Ernst; Kremhelmer, Susanne; Schmidt, Klaus M. - 2005 - This version: July 20, 2005

We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and that subjects attain the most efficient ownership allocation despite starting...

Persistent link: https://www.econbiz.de/10010440440

Fairness and the optimal allocation of ownership rights

Fehr, Ernst; Kremhelmer, Susanne; Schmidt, Klaus M. - 2004 - This version: July 9, 2004

We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and that the subjects achieve the most efficient ownership allocation starting...

Persistent link: https://www.econbiz.de/10010365912

The economics of fairness, reciprocity and altruism : experimental evidence and new theories ; chapter written for the Handbook of reciprocity, gift-giving and altruism

Fehr, Ernst; Schmidt, Klaus M. - 2005 - This version: June 6, 2005

This paper surveys recent experimental and field evidence on the impact of concerns for fairness, reciprocity and …

Persistent link: https://www.econbiz.de/10010440439

The economics of fairness, reciprocity and altruism : experimental evidence and new theories ; chapter written for the Handbook of reciprocity, gift-giving and altruism

Fehr, Ernst; Schmidt, Klaus M. - 2005 - This version: June 6, 2005

Persistent link: https://www.econbiz.de/10010371081

Chapter 8 The Economics of Fairness, Reciprocity and Altruism Experimental Evidence and New Theories

Fehr, Ernst; Schmidt, Klaus M. - In: Handbook of the economics of giving, altruism and …, (pp. 615-691). 2006

refutes the self-interest hypothesis, suggesting that concerns for altruism, fairness, and reciprocity strongly motivate many … the nature of preferences and the relative performance of competing fairness theories. The purpose of this chapter is to … norm violators. We further illustrate the powerful impact of fairness concerns on cooperation, competition, incentives, and …

Persistent link: https://www.econbiz.de/10014023675

Sick pay provision in experimental labor markets

Dürsch, Peter; Oechssler, Joerg; Vadovič, Radovan - 2008

Sick pay is a common provision in most labor contracts. This paper employs an experimental gift-exchange environment to explore two related questions using both managers and undergraduates as subjects. First, do workers reciprocate sick pay in the same way as they reciprocate wage payments?...

Persistent link: https://www.econbiz.de/10003770700

Mandatory sick pay provision : a labor market experiment

Bauernschuster, Stefan; Dürsch, Peter; Oechssler, Joerg; … - 2010

problems by changing fairness perceptions and, as a consequence, increases sick pay provision far above the mandatory levels. …

Persistent link: https://www.econbiz.de/10003949628

Mandatory sick pay provision : a labor market experiment

Bauernschuster, Stefan; Dürsch, Peter; Oechssler, Joerg; … - 2009

The question whether a minimum rate of sick pay should be mandated is much debated. We study the effects of this kind of intervention in an experimental labor market that is rich enough to allow for moral hazard, adverse selection, and crowding out of good intentions to occur. We find that...

Persistent link: https://www.econbiz.de/10003883284

Can reference points explain wage rigidity? : Experimental evidence

Koch, Christian - In: Journal for labour market research 55 (2021) 1/5, pp. 1-17

I examine whether reference points can provide an explanation for rigid wages in recessions. Even though a recession provides a good reason to adjust wages downward, workers' perception of a "fair wage" may depend on their previous wage, their reference point. Using a laboratory experiment, I...

Persistent link: https://www.econbiz.de/10012485890

On Reputation : A Microfoundation of Contract Enforcement and Price Rigidity

Fehr, Ernst; Brown, Martin; Zehnder, Christian - 2021

We study the impact of reputational incentives in markets characterized by moral hazard problems. Social preferences have been shown to enhance contract enforcement in these markets, while at the same time generating considerable wage and price rigidity. Reputation powerfully amplifies the...

Persistent link: https://www.econbiz.de/10013325011