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Tournaments for the endogenous allocating of prizes within workteams - Theory and experimental evidence

Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004

We present a model where compensation within a workteam is determinedendogenously by the use of a rank-order tournament …

Persistent link: https://www.econbiz.de/10005866847

How Much to Pay in Cash? Employee Retention via Stock Option

Gonzalez, Luis G.; Gurtoviy, Ruslan - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008

We model deferred compensation as a share of an uncertain futureprofit granted by a financially constrained employer to … her employeein mutual agreement. Deferred compensation serves as a retentionmechanism, helping the employer to avoid …, the employer will to defer compensation (pay incash) to the employee. The employee always improves his position inthe …

Persistent link: https://www.econbiz.de/10005866781

Hidden Costs of Control:Three Repetitions and an Extension

Ploner, Matteo; Schmelz, Katrin; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2010

We report three repetitions of Falk and Kosfeld's (2006) low and medium control treatmentswith 364 subjects. Each repetition employs a sample drawn from a standard subject pool ofstudents and demographics vary across samples. Our results largely conict with those of theoriginal study. We mainly...

Persistent link: https://www.econbiz.de/10005870900

Committing to Incentives: Should the Decision to Sanctionbe Revealed or Hidden?

Klempt, Charlotte; Pull, Kerstin - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2010

Sanctions are widely used to promote compliance in principal-agent-relationships.While there is ample evidence confirming the predicted positive incentive effect of sanctions,it has also been shown that imposing sanctions may in fact reduce complianceby crowding-out intrinsic motivation. We add...

Persistent link: https://www.econbiz.de/10009022160

Corporate Social Responsibility in the work place –Experimental evidence on CSR from a gift-exchange game

Koppel, Hannes; Regner, Tobias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2011

We analyze the effect of investments in corporate social responsibility(CSR) on workers’ motivation. In our experiment, a gift exchange game variant,CSR is captured by donating a certain share of profits to a charity. Weare testing for CSR effects by varying the possible share of profits given...

Persistent link: https://www.econbiz.de/10009248882

On the Incentive Effects of Uncertainty in Monitoring Agents A Theoretical and Experimental Analysis

Avrahami, Judith; Güth, Werner; Kareev, Yakoov; Uske, … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

When two or more agents compete for a bonus and the agents' productivity in each of several possible occurrences depends stochastically on (constant) effort, the number of times that are checked to assign the bonus affects the level of un-certainty in the selection process. Uncertainty, in turn,...

Persistent link: https://www.econbiz.de/10005866529

The Hidden Costs of Control:An Unsuccessful Replication Study

Ploner, Matteo; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

This note reports a replication study of Falk and Kosfeld’s (2006) medium control treatment.In the experimental game, an agent has an endowment of 120 experimental currency units anddecides how much to transfer to a principal. For every unit that the agent gives up, the principalreceives two...

Persistent link: https://www.econbiz.de/10005866534

Eliciting Environmental Preferences of Ghanaians:an Experimental Approach

Meroz, Yael; Morone, Andrea; Morone, Piergiuseppe - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

In this paper we aim - through an ‘experimentally-adapted’ Contingent Valuation survey -to look into the attributes of Ghanaians’ willingness-to-pay for green products. This would help usaddressing two main issues: first, from a theoretical point of view, we shall assess whether...

Persistent link: https://www.econbiz.de/10005866538

Response Time under Monetary Incentives:the Ultimatum Game

Brañas-Garza, Pablo; León-Mejía, Ana; Miller, Luis M. - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

This paper studies the response times of experimental subjects playingthe Ultimatum game in a laboratory setting using monetary incentives.We find that proposals are not significantly correlated with responsetime, whereas responders’ behavior is positively and significantlycorrelated. Hence,...

Persistent link: https://www.econbiz.de/10005866540

Financial Incentives and Cognitive Abilities: Evidence from a Forecasting Task with Varying Cognitive Load

Rydval, Ondřej - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

I examine how financial incentives interact with intrinsic motivation and especially cognitive abilities in explaining heterogeneity in performance. Using a forecasting task with varying cognitive load, I show that the effectiveness of high-powered financial incentives as a stimulator of...

Persistent link: https://www.econbiz.de/10005866579