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Moral hypocrisy, power and social preferences

Rustichini, Aldo; Villeval, Marie Claire - In: Journal of Economic Behavior & Organization 107 (2014) PA, pp. 10-24

We study how individuals adjust their judgment of fairness and unfairness when they are in the position of spectators …

Persistent link: https://www.econbiz.de/10011077017

Co-employment of permanently and temporarily employed agents

Angelova, Vera; Güth, Werner; Kocher, Martin G. - In: Labour Economics 19 (2012) 1, pp. 48-58

One-shot interaction and repeated interaction often co-exist in the real world. We study possible behavioral effects of this co-existence in a principal–agent setting, in which a principal simultaneously employs a permanent and a temporary agent. Our experimental results indicate that there is...

Persistent link: https://www.econbiz.de/10011051698

Tractability in Incentive Contracting

Edmans, Alex; Gabaix, Xavier - C.E.P.R. Discussion Papers - 2009

This paper identifies a class of multiperiod agency problems in which the optimal contract is tractable (attainable in closed form). By modeling the noise before the action in each period, we force the contract to provide sufficient incentives state-by-state, rather than merely on average. This...

Persistent link: https://www.econbiz.de/10008509464

Dynamic Incentive Accounts

Edmans, Alex; Gabaix, Xavier; Sadzik, Tomasz; Sannikov, … - C.E.P.R. Discussion Papers - 2009

Contracts in a dynamic model must address a number of issues absent from static frameworks. Shocks to firm value may weaken the incentive effects of securities (e.g. cause options to fall out of the money), and the impact of some CEO actions may not be felt until far in the future. We derive the...

Persistent link: https://www.econbiz.de/10008477185

Transparency and empowerment in an investment environment

Kanagaretnam, Kiridaran; Mestelman, Stuart; Nainar, … - In: Journal of Business Research 67 (2014) 9, pp. 2030-2038

In a laboratory-controlled environment we provide experimental evidence on the effects of transparency (complete over incomplete information) and empowerment on trust and trustworthiness. We implement a simple version of the standard two-person investment game in a repeated game context with...

Persistent link: https://www.econbiz.de/10010869662

Chapter 21 ACE Models of Endogenous Interactions

Vriend, Nicolaas J. - In: Handbook of computational economics : volume 2, …, (pp. 1047-1079). 2006

Various approaches used in Agent-based Computational Economics (ACE) to model endogenously determined interactions between agents are discussed. This concerns models in which agents not only (learn how to) play some (market or other) game, but also (learn to) decide with whom to do that (or not).

Persistent link: https://www.econbiz.de/10014024384

Fairness and motivation : fair treatment creates incentives, and is beneficial for workers and the frim

Falk, Armin - 2014

' perceptions of fairness and trust are also key drivers of their work effort. Treating employees with respect is not only ethically …

Persistent link: https://www.econbiz.de/10011413663

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

Which hat to wear? Impact of natural identities on coordination and cooperation

Chen, Yan; Li, Sherry Xin; Liu, Tracy Xiao; Shih, Margaret - In: Games and Economic Behavior 84 (2014) C, pp. 58-86

As the workforce becomes increasingly diverse, motivating individuals from different backgrounds to work together effectively is a major challenge facing organizations. In an experiment conducted at a large public university in the United States, we manipulate the salience of participants'...

Persistent link: https://www.econbiz.de/10010753431

Voluntary Public Goods Provision, Coalition Formation, and Uncertainty

Kolstad, Charles D.; Burger, Nicholas E. - National Bureau of Economic Research (NBER) - 2009

The literature on voluntary provision of public goods includes recent theoretical work on the formation of voluntary coalitions to provide public goods. Theory is ambiguous on the equilibrium coalition size and contribution rates. We examine the emergence of coalitions, their size, and how...

Persistent link: https://www.econbiz.de/10008622350

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