Showing 1 - 10 of 10
This paper reports on the results of an experiment testing whether the agents selfselect between a competitive payment scheme and a revenue-sharing scheme depending on their inequity aversion. Average efficiency should be increased when these payment schemes are endogenously chosen by agents. We...
Persistent link: https://www.econbiz.de/10014216314
The Peter Principle states that, after a promotion, the observed output of promoted employees tends to fall. Lazear (2004) models this principle as resulting from a regression to the mean of the transitory component of ability. Our experiment reproduces this model in the laboratory by means of...
Persistent link: https://www.econbiz.de/10013316656
This paper experimentally investigates the impact of different pay and relative performance information policies on … employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through …-takes-all tournament. We find that, regardless of the pay scheme used, feedback does not improve performance. There are no significant peer …
Persistent link: https://www.econbiz.de/10014218453
Male and female choices differ in many economic situations, e.g., on the labor market. This paper considers whether such differences are driven by different attitudes towards competition. In our experiment subjects choose between a tournament and a piece-rate pay scheme before performing a real...
Persistent link: https://www.econbiz.de/10012717539
We conduct an artefactual field experiment to examine various spillover effects of Affirmative Action policies in the context of castes in India. We test a) if individuals who compete in the presence of Affirmative Action policies remain competitive in the same proportion after the policy has...
Persistent link: https://www.econbiz.de/10012967231
Assuming that people care not only about what others do but also on what others think, we study respect as a non-monetary source of motivation in a context where the length of the employment relationship is endogenous. In our three-stage gift-exchange experiment, the employer can express respect...
Persistent link: https://www.econbiz.de/10013137464
report the workers’ performance to the experimenter. The report is non verifiable and determines the earnings of both the …
Persistent link: https://www.econbiz.de/10014176642
performance, and thus as a solution to the principal-agent dilemma created by the separation of ownership and management in …
Persistent link: https://www.econbiz.de/10013146587
The main question raised in this paper is whether GPs should self select their payment mechanism or not. To answer it, we model GPs' behavior under the most common payment schemes (capitation and fee-for-service) and when GPs can select one among those. Our analysis considers GPs heterogeneity...
Persistent link: https://www.econbiz.de/10013137461
For several years, European financial markets have been the place of important mutations. These mutations have hit both stock markets themselves as well as the infrastructures including all necessary services for the transactions on financial securities. Among the market services to which the...
Persistent link: https://www.econbiz.de/10013036958