Prizes Versus Wages with Envy and Pride

We show that if agents are risk neutral, prizes outperform wages when there is sufficient pride and envy relative to the noisiness of performance. If agents are risk averse, prizes are a necessary supplement to wages (as bonuses)

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Year of publication:	2005
Authors:	Dubey, Pradeep K. ; Geanakoplos, John ; Haimanko, Ori
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Neid \| Envy \| Nichtkooperatives Spiel \| Noncooperative game \| Motivation \| Risikoaversion \| Risk aversion

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Extent:	1 Online-Ressource (26 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 17, 2005 erstellt
Classification:	C72 - Noncooperative Games ; D01 - Microeconomic Behavior: Underlying Principles ; D23 - Organizational Behavior; Transaction Costs; Property Rights ; L14 - Transactional Relationships; Contracts and Reputation; Networks
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014061692