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Competition and the Ratchet Effect
Charness, Gary; Kuhn, Peter J.; Villeval, Marie-Claire - Institute for the Study of Labor (IZA) - 2008
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
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Feedback and Incentives: Experimental Evidence
Eriksson, Tor; Poulsen, Anders; Villeval, Marie-Claire - Institute for the Study of Labor (IZA) - 2008
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
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Competition, Hidden Information and Efficiency: An Experiment
Cabrales, Antonio; Charness, Gary; Villeval, Marie-Claire - Institute for the Study of Labor (IZA) - 2006
We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden …
Persistent link: https://www.econbiz.de/10005703707
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Self-Selection and the Efficiency of Tournaments
Eriksson, Tor; Teyssier, Sabrina; Villeval, Marie-Claire - Institute for the Study of Labor (IZA) - 2006
to investigate the ex ante sorting effect of tournaments. This paper reports results from an experiment analyzing whether …
Persistent link: https://www.econbiz.de/10005763542
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Other-Regarding Preferences and Performance Pay – An Experiment on Incentives and Sorting
Eriksson, Tor; Villeval, Marie-Claire - Institute for the Study of Labor (IZA) - 2004
experiment that analyzes the influence of other-regarding preferences on sorting and incentives. Experimental evidence shows that …
Persistent link: https://www.econbiz.de/10005763609
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Cooperation, Competition, and Risk Attitudes: An Intergenerational Field and Laboratory Experiment
Charness, Gary; Villeval, Marie-Claire - Institute for the Study of Labor (IZA) - 2007
The population of most developed societies is ‘graying’. As life expectancy increases and the large baby-boom generation approaches retirement age, this has critical consequences for maintaining a high standard of living and the sustainability of pension systems. In the light of these...
Persistent link: https://www.econbiz.de/10005762257
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The Choice of the Agenda in Labor Negotiations: Efficiency and Behavioral Considerations
Königstein, Manfred; Villeval, Marie-Claire - Institute for the Study of Labor (IZA) - 2005
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
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Punishment, Inequality and Emotions
Masclet, David; Villeval, Marie-Claire - Institute for the Study of Labor (IZA) - 2006
Cooperation among people who are not related to each other is sustained by the availability of punishment devices which … help enforce social norms (Fehr and Gächter, 2002). However, the rationale for costly punishment remains unclear. This … paper reports the results of an experiment investigating inequality aversion and negative emotions as possible determinants …
Persistent link: https://www.econbiz.de/10005761756
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Endogenous Leadership: Selection and Influence
Arbak, Emrah; Villeval, Marie-Claire - Institute for the Study of Labor (IZA) - 2007
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