Showing 1 - 10 of 11
Extensive field and experimental evidence in a variety of environments show that behavior depends on a reference point. This paper provides an axiomatic characterization of this dependence. We proceed by imposing gradually more structure on both choice correspondences and preference relations,...
Persistent link: https://www.econbiz.de/10011253108
We analyze the welfare properties of the equilibrium path of a growth model where both habits and consumption externalities affect the utility of consumers. Our analysis highlights the crucial role played by complementarities between externalities and habits in order to generate an inefficient...
Persistent link: https://www.econbiz.de/10010547150
We study how to promote compliance with rules in every day situations. Having access to unique data on the universe of users of all public libraries in Barcelona, we test the effect of sending email messages with different contents. We find that users return their items earlier if asked to do...
Persistent link: https://www.econbiz.de/10010737377
monetary incentives to encourage voter participation. Using individual-level experimental variation in the perceived reduction …
Persistent link: https://www.econbiz.de/10011171808
the provision of incentives. Unlike previous papers, we use a direct measure of seniority-based pay as well as measures of … incentives. They are also less likely to invest in monitoring devices. We also find that firms that offer seniority-based pay are …
Persistent link: https://www.econbiz.de/10010851485
In most firms, managers periodically assess workers performance. Evidence suggests that managers with hold information during these reviews, and some observers argue that this necessarily reduces surplus. This paper assesses the validity of this argument when workers have career concerns....
Persistent link: https://www.econbiz.de/10010547116
and divides the private benefits uniformly, a success-maximizing leader uses incentives and distorts the platform towards …
Persistent link: https://www.econbiz.de/10010547239
previous research, we have shown that financial incentives can be used to find a way out of such performance traps. Here we … either start with low financial incentives for coordination, which typically leads to coordination failure, and then are … switched to higher incentives or start with high incentives, which typically yield effective coordination, and are switched to …
Persistent link: https://www.econbiz.de/10010547425
, managers have two instruments at their disposal, increasing employees' financial incentives to coordinate and communication …
Persistent link: https://www.econbiz.de/10010547458
patterns of behavior. Using controlled laboratory experiments, we study how financial incentives can be used to find a way out … explores the effects of varying the financial incentives to coordinate at a higher effort level. We find that an increase in … small increases. Once subjects have coordinated on a higher effort level, reductions in the financial incentives to …
Persistent link: https://www.econbiz.de/10010547461