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Technology Choice and Incentives under Relative Performance Schemes

Kräkel, Matthias; Schöttner, Anja - University of Bonn, Germany - 2010

We identify a new problem that may arise when heterogeneous workers are motivated by relative performance schemes: If workers’ abilities and the production technology are complements, the firm may prefer not to adopt a more advanced technology even though this technology would costlessly...

Persistent link: https://www.econbiz.de/10008485509

Envy Freeness in Experimental Fair Division Problems

Herreiner, Dorothea K.; Puppe, Clemens - University of Bonn, Germany - 2004

In the recent experimental literature several social preference models have been suggested that address observed behavior not reducible to the pursuit of self-interest. Inequality aversion is one such model where preferences are distributional. Frequently, envy is suggested as the underlying...

Persistent link: https://www.econbiz.de/10005001494

Why People Reject Advantageous Offers – Non-monotone Strategies in Ultimatum Bargaining

Hennig-Schmidt, Heike; Li, Zhu-Yu; Yang, Chaoliang - University of Bonn, Germany - 2004

When using the strategy method in ultimatum bargaining, many researchers ask responders for the minimal acceptable offer only implicitly assuming strategies to be monotone. Recent research has shown, however, that subjects decline disadvantageous and advantageous proposals. We report on an...

Persistent link: https://www.econbiz.de/10004968355

An experimental test of career concerns

Koch, Alexander K.; Morgenstern, Albrecht; Raab, Philippe - University of Bonn, Germany - 2004

Holmström’s (1982/99) career concerns model has become an important workhorse for the analysis of agency issues in many fields. The underlying signal jamming argument requires players to use information in a Bayesian way – which may or may not reasonably approximate real-life decision...

Persistent link: https://www.econbiz.de/10004989627

Experimenting over a Long Distance - A method to facilitate intercultural experiments

Walkowitz, Gari; Oberhammer, Clemens; Hennig-Schmidt, Heike - University of Bonn, Germany - 2004

interactive experiments in geographically separated subject pools. Applying ELD to an intercultural trust experiment with … participants from Argentina, China and Germany we found a striking evidence for transcontinental trust behavior. In addition to … Chinese senders’ discrimination of Argentinean players no discrimination in trust and reciprocity behavior was observed …

Persistent link: https://www.econbiz.de/10004989609

Neutral versus Loaded Instructions in a Bribery Experiment

Abbink, Klaus; Hennig-Schmidt, Heike - University of Bonn, Germany - 2002

This paper contributes to the ongoing methodological debate on context-free versus in-context presentation of experimental tasks. We report an experiment using the paradigm of a bribery experiment. In one condition, the task is presented in a typical bribery context, the other one uses abstract...

Persistent link: https://www.econbiz.de/10004989620

Risk Taking in Winner-Take-All Competition

Kräkel, Matthias; Nieken, Petra; Przemeck, Judith - University of Bonn, Germany - 2008

players. At stage two, both players observe the given level of risk and simultaneously invest in a winner-take-all competition …

Persistent link: https://www.econbiz.de/10004968442

Minimum Wages and Excessive Effort Supply

Kräkel, Matthias; Schöttner, Anja - University of Bonn, Germany - 2009

It is well-known that, in static models, minimum wages generate positive worker rents and, consequently, ine?ciently low effort. We show that this result does not necessarily extend to a dynamic context. The reason is that, in repeated employment relationships, ?rms may exploit workers’ future...

Persistent link: https://www.econbiz.de/10004964139

Limited Liability and the Risk-Incentive Relationship

Budde, Jörg; Kräkel, Matthias - University of Bonn, Germany - 2008

Persistent link: https://www.econbiz.de/10005032228

Authority and Incentives in Organizations

Kräkel, Matthias - University of Bonn, Germany - 2013

divisions to replace high incentive pay for motivating the division heads by incentives based on private benefits of control. In …

Persistent link: https://www.econbiz.de/10010617907

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