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The 'ratchet effect' refers to a situation where a principal uses private information that is revealed by an agent's early actions to the agent's later disadvantage, in a context where binding multi-period contracts are not enforceable. In a simple, context-rich environment, we experimentally...
Persistent link: https://www.econbiz.de/10008792254
in performance. This paper reports results from an experiment analyzing whether allowing subjects to self-select into …
Persistent link: https://www.econbiz.de/10009401083
We explore the effects of competitive incentives and of their time horizon on the evolution of both asset prices and …
Persistent link: https://www.econbiz.de/10010821481
Whereas economists have made extensive studies of the impact of levels of incentives on behavior, they have paid little … attention to the effects of regularity and frequency of incentives. We contrasted three ways of rewarding participants in a real …-effort experiment in which individuals had to decide when to exit the situation : a continuous reinforcement schedule (all periods paid …
Persistent link: https://www.econbiz.de/10008788970
experiment that analyzes the influence of other-regarding preferences on sorting and incentives. Experimental evidence shows that … the provision of incentives and their sorting effect. …
Persistent link: https://www.econbiz.de/10008788998
to investigate the ex ante sorting effect of tournaments. This paper reports results from an experiment analyzing whether …
Persistent link: https://www.econbiz.de/10008790614
Variable pay links pay and performance but may also help firms in attracting more productive employees. Our experiment … investigates the impact of performance pay on both incentives and sorting and analyzes the influence of repeated interactions … and reputation influence both the provision of incentives and their sorting effect. …
Persistent link: https://www.econbiz.de/10008790841
-exchange experiment, the employer can express respect by giving the employee costly symbolic rewards after observing his level of effort …. This experiment sheds light on the extent to which symbolic rewards are used, how they affect employees' further effort … extrinsic incentives by the availability of non-monetary incentives. …
Persistent link: https://www.econbiz.de/10008791232
Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental … prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically …
Persistent link: https://www.econbiz.de/10008791266
experiment that analyzes the influence of other-regarding preferences on sorting and incentives. Experimental evidence shows that … the provision of incentives and their sorting effect. …
Persistent link: https://www.econbiz.de/10008791578