Showing 1 - 10 of 10
behavior of juniors (under 30) and seniors (over 50) in both experiments conducted onsite with the employees of two large firms … external validity of conventional laboratory experiments. In general we do not find strong differences in behavior between … workers and non-workers, indicating that laboratory experiments may not be such a bad approximation for the field environment. …
Persistent link: https://www.econbiz.de/10005762257
an experiment in which the choice of the bargaining agenda is endogenous within a noncooperative game. We find that …
Persistent link: https://www.econbiz.de/10005822647
This paper considers the effect of status or relative income on work effort combining experimental evidence from a gift-exchange game with ISSP survey data. We find a consistent negative effect of others’ incomes on individual effort in both datasets. The individual’s rank in the income...
Persistent link: https://www.econbiz.de/10005566421
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/10005233858
paper reports the results of an experiment investigating inequality aversion and negative emotions as possible determinants … inequality-aversion prevents some subjects from punishing in the equal cost treatment, negative emotions are the primary motive …
Persistent link: https://www.econbiz.de/10005761756
This paper experimentally investigates the impact of different pay and relative performance information policies on employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through the production period, and continuously updated...
Persistent link: https://www.econbiz.de/10005703358
We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden …-information context. In our benchmark case, each principal is matched with one agent of unknown type. In our second treatment, a principal … probability of trade, and that, overall, competition between agents generates the most efficient outcomes. …
Persistent link: https://www.econbiz.de/10005703707
lead, we report the results of a two-stage public good experiment with endogenous timing. Even though it turns out to be …
Persistent link: https://www.econbiz.de/10005822607
to investigate the ex ante sorting effect of tournaments. This paper reports results from an experiment analyzing whether …-subject variance is substantially lower than when the same payment scheme is imposed. Mainly based on risk aversion, sorting is …
Persistent link: https://www.econbiz.de/10005763542
experiment that analyzes the influence of other-regarding preferences on sorting and incentives. Experimental evidence shows that … reciprocity and inequality aversion reduce the attraction of performance related pay. Other-regarding preferences influence both …
Persistent link: https://www.econbiz.de/10005763609