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providing incentives through group versus individual bonus schemes. When workers have a propensity for envy, either scheme may …
Persistent link: https://www.econbiz.de/10005696252
We analyze a two-task work environment with risk-neutral but inequality averse individuals. For the agent employed in task 2 effort is verifiable, while in task 1 it is not. Accordingly, agent 1 receives an incentive contract which, due to his wealth constraint, leads to a rent that the other...
Persistent link: https://www.econbiz.de/10005696275