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A simple principal agent problem is experimentally investigated in which a principal repeatedly sets a wage and an agent responds by choosing an effort level. The principal's payoff is determined by the agent's effort. In a first setting the principal can only set a fixed wage in each period. In...
Persistent link: https://www.econbiz.de/10005761948
experimentally investigate the relationship between intrinsic and instrumental reciprocity by running a two-period repeated trust … do not know and hence the second period comes as a surprise. We find that subjects anticipate instrumental reciprocity …, and that intrinsic reciprocity is rewarded. In fact, the total level of cooperation, in which trust is reciprocated, is …
Persistent link: https://www.econbiz.de/10010434012
This paper reports the results from a large-scale laboratory experiment investigating the impact of tournament … incentives and wage gifts on creativity. We find that tournaments substantially increase creative output, with no evidence for … uncertain mapping between effort and output that inhibits reciprocity. This uncertainty is prevalent in creative and other …
Persistent link: https://www.econbiz.de/10011459389
This paper reports the results from a large-scale laboratory experiment investigating the impact of tournament … incentives and wage gifts on creativity. We find that tournaments substantially increase creative output, with no evidence for … uncertain mapping between effort and output that inhibits reciprocity. This uncertainty is prevalent in creative and other …
Persistent link: https://www.econbiz.de/10011479746
make a voluntary payment, a bonus, after observing advice quality. While the combination of competition and reputation …. Thus, our results suggest that a voluntary component can act as a substitute for either competition or reputation …
Persistent link: https://www.econbiz.de/10011881706
This paper reports the results from a large-scale laboratory experiment investigating the impact of tournament … incentives and wage gifts on creativity. We find that tournaments substantially increase creative output, with no evidence for … uncertain mapping between effort and output that inhibits reciprocity. This uncertainty is prevalent in creative and other …
Persistent link: https://www.econbiz.de/10011461715
This paper reports the results from a large-scale laboratory experiment investigating the impact of tournament … incentives and wage gifts on creativity. We find that tournaments substantially increase creative output, with no evidence for … uncertain mapping between effort and output that inhibits reciprocity. This uncertainty is prevalent in creative and other …
Persistent link: https://www.econbiz.de/10011526112
conclude that transparency does not weaken, but strengthen career concerns incentives. …
Persistent link: https://www.econbiz.de/10010261580
and indirect reciprocity as well as third-party punishment – emerges earliest as an effective means to increase … of defectors is applied. Children also engage in reciprocating others, showing that reciprocity strategies are already … prevalent at a very young age. However, direct and indirect reciprocity treatments do not increase overall cooperation rates, as …
Persistent link: https://www.econbiz.de/10012547006
and indirect reciprocity as well as third-party punishment – emerges earliest as an effective means to increase … of defectors is applied. Children also engage in reciprocating others, showing that reciprocity strategies are already … prevalent at a very young age. However, direct and indirect reciprocity treatments do not increase overall cooperation rates, as …
Persistent link: https://www.econbiz.de/10012548855