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monitors’). We review the literature on the relative merits of punishment and rewards when the distribution of incentive power …Recent work in experimental economics on the effectiveness of rewards and punishments for promoting cooperation mainly … evidence showing how concentrating reward/punishment power in one group member affects cooperation. …
Persistent link: https://www.econbiz.de/10010568441
employee after she has inspected the employee. We find that rewards or sanctions can both discourage shirking, and have similar … and the efficiency gains accrue to employers. In games allowing rewards employers actively reward employees for working … and the efficiency gains are shared more equitably. A treatment where employers can combine sanctions and rewards leads to …
Persistent link: https://www.econbiz.de/10010568444
/or rewards following an inspection, we find that both instruments are equally effective in reducing shirking and increasing joint … earnings. When employers have discretion to reward and/or sanction independently of whether they inspect we find that rewards … are more effective than sanctions. In treatments where employers can combine sanctions and rewards employers rely mainly …
Persistent link: https://www.econbiz.de/10010781900
We report evidence from public goods experiments with and without punishment which we conducted in Russia with 566 … cooperation-enhancing effect of punishment. An important reason is that there is substantial spiteful punishment of high …
Persistent link: https://www.econbiz.de/10010781896
We report evidence from public goods experiments with and without punishment which we conducted in Russia with 566 … cooperation-enhancing effect of punishment. An important reason is that there is substantial spiteful punishment of high …
Persistent link: https://www.econbiz.de/10005796059
In this study, we use an allocation experiment to study the effects of group identity and group size on in-group favouritism when the person's own payoff is not affected by her decision. In a triadic setting when subjects are asked to allocate a fixed amount of resource between two other...
Persistent link: https://www.econbiz.de/10010552226
In this study, we use an allocation experiment to study the effects of group identity and group size on in-group favouritism when the person's own payoff is not affected by her decision. In a triadic setting when subjects are asked to allocate a fixed amount of resource between two other...
Persistent link: https://www.econbiz.de/10005011859
The purpose of this paper is to explore strategic incentives to use trade networks rather than markets and shed light on the dynamic relation between the two distinct trading systems: a formal system of markets and a decentralised system of networks. We investigate the issues in the infinitely...
Persistent link: https://www.econbiz.de/10010781897
The evolutionary stability of payoff-maximizing preferences in the model of indirect evolution in symmetric games depends on the slope of the reaction function being zero at equilibrium. The application of this result to contests confirms that in two-player contests the optimal delegation...
Persistent link: https://www.econbiz.de/10010672350
The purpose of this paper is to explore strategic incentives to use trade networks rather than markets and shed light on the dynamic relation between the two distinct trading systems: a formal system of markets and a decentralised system of networks. We investigate the issues in the infinitely...
Persistent link: https://www.econbiz.de/10008568153