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through either tournaments or team-based incentives. Participants engaged in a subsequent trust game in which the sender had …We explore the extent to which the structure of incentives affects trust. We hypothesize that the degree to which … perceived property rights) will affect individuals’ subsequent behavior. In our experiment, bargaining pairs earned endowments …
Persistent link: https://www.econbiz.de/10005703159
In this paper, we discuss recent evidence from economic experiments that study the impact of social preferences on workplace behavior. We focus on situations in which a single employer interacts with multiple employees. Traditionally, equity and efficiency have been seen as opposing aims in such...
Persistent link: https://www.econbiz.de/10009024592
In social dilemmas, leading a team by making heroic efforts may prove costly, especially if the followers are not … lead, we report the results of a two-stage public good experiment with endogenous timing. Even though it turns out to be … composition of the team also matters, as publicizing certain attributes of a subject’s teammates has an impact on her decision to …
Persistent link: https://www.econbiz.de/10005822607
Conventional wisdom suggests that an increase in monetary incentives should induce agents to exert higher effort. In … this paper, however, we demonstrate that this may not hold in team settings. In the context of sequential team production … with positive externalities between agents, incentive reversal might occur: an increase in monetary incentives (either …
Persistent link: https://www.econbiz.de/10008839289
simple rationale for team based incentives in many environments. Fourth, the Sufficient Statistics Result is violated … contract theory and are more in line with empirical findings than standard results. We find: First, inequity aversion alters …
Persistent link: https://www.econbiz.de/10005566722
be derived from reaching a better relative position. We use a real-effort experiment in which we permit individuals to …
Persistent link: https://www.econbiz.de/10008466023
The importance of fair and equal treatment of workers is at the heart of the debate in organizational management. In this regard, we study how reward mechanisms and production technologies affect effort provision in teams. Our experimental results demonstrate that unequal rewards can potentially...
Persistent link: https://www.econbiz.de/10005566518
schemes. With it, we study tensions between egalitarianism, equity concerns, self-interest, and the need for incentives. In a … rational responses to incentives, are influenced by egalitarian, equity and strategic considerations. …
Persistent link: https://www.econbiz.de/10008678697
designs, and we investigate how teams aggregate individual preferences. We find that team decisions reveal less inequality … aversion than individual initial proposals in team decision-making. However, teams are no more selfish than individuals who … decide in isolation. Individuals express strategically more inequality aversion in their initial proposals in team decision …
Persistent link: https://www.econbiz.de/10010884177
This paper studies the impact of incentives on worker self-selection in a controlled laboratory experiment. In a first …
Persistent link: https://www.econbiz.de/10005703774