Showing 1 - 10 of 27
In recent decades, many firms offered more discretion to their employees, often increasing the productivity of effort but also leaving more opportunities for shirking. These “high-performance work systems” are difficult to understand in terms of standard moral hazard models. We show...
Persistent link: https://www.econbiz.de/10008543341
preferences in combination with reputation opportunities keep principals from abusing their power, leading to the widespread …
Persistent link: https://www.econbiz.de/10010817249
by strategic reputation building and the impact of incentives for strategic reputation building on the helping rate. We …We study indirect reciprocity and strategic reputation building in an experimental helping game. At any time only half … of the subjects can build a reputation. This allows us to study both pure indirect reciprocity that is not contaminated …
Persistent link: https://www.econbiz.de/10005627837
We study the impact of reputational incentives in markets characterized by moral hazard problems. Social preferences … price rigidity. Reputation powerfully amplifies the positive effects of social preferences on contract enforcement by … interactions, suggesting that it may aggravate price rigidities. Surprisingly, reputation in fact weakens the wage and price …
Persistent link: https://www.econbiz.de/10005627891
relationships are long-term and provide repeated game incentives for performance. We experimentally investigate interaction effects … of reciprocity and repeated game incentives in two treatments (one-shot and repeated) of a gift-exchange game. In both … game some subjects imitate reciprocity. Thus, reciprocity and repeated game incentives reinforce each other. Observed …
Persistent link: https://www.econbiz.de/10005627915
Are monetary and non-monetary incentives used as substitutes in motivating effort? I address this question in a … and non-monetary incentives imperfect. These findings have implications for the design of incentives in mission …
Persistent link: https://www.econbiz.de/10010941146
Unlike in other disciplines, research output in economics is commonly measured based on the journal titles in which an author has published. Here, I examine how much output measures based on journal titles tell us about the academic interest and relevance of economic papers as measured by...
Persistent link: https://www.econbiz.de/10008549997
Academic economists today are caught in a “Publication Impossibility Theorem System” or PITS. To further their careers, they are required to publish in A-journals, but for the vast majority this is impossible because there are few slots open in such journals. Such academic competition maybe...
Persistent link: https://www.econbiz.de/10004979379
feasible alternatives to punishment exist, such as offering positive incentives or handing out awards for law abiding behavior …
Persistent link: https://www.econbiz.de/10004979383
economic literature on incentives, and discusses their relationship to monetary compensation. Awards are better suited than … complement, or even substitute for, monetary incentives. While we discuss awards in the context of academia, our conclusions …
Persistent link: https://www.econbiz.de/10005463527