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On Social Identity, Subjective Expectations, and the Costs of Control

Riener, Gerhard; Wiederhold, Simon - Wirtschaftswissenschaftliche Fakultät, … - 2011

Controlling employees can have severe consequences in situations that are not fully contractible. However, the perception of control may be contingent on the nature of the relationship between principal and agent. We, therefore, propose a principal-agent model of control that takes into account...

Persistent link: https://www.econbiz.de/10009249775

Going on the Long Race? - Employment Duration and (De)Regulation of Experimental Stochastic Labor Markets

Berninghaus, Siegfried; Bleich, Sabrina; Güth, Werner - Wirtschaftswissenschaftliche Fakultät, … - 2009

If the future market wage is uncertain, engaging in long-term employment is risky, with the risk depending on how regulated the labor market is. In our experiment long-term employment can result either from offering long-term contracts or from repeatedly and mutually opting for rematching....

Persistent link: https://www.econbiz.de/10008509219

Wage Flexibility in Ongoing Employment Relations - An Experiment with a Stochastic Labor Market -

Berninghaus, Siegfried K.; Bleich, Sabrina; Gueth, Werner - Wirtschaftswissenschaftliche Fakultät, … - 2007

Facing a stochastic market wage, which is independent of their own hiring policy, employers offer contracts specifying ï¬xed wage, revenue share and employment duration. In ongoing employment relations it depends on the treatment whether ï¬xed wages can be only increased or also decreased....

Persistent link: https://www.econbiz.de/10005032003

The Interaction between Financial Incentives and Task-specific Cognitive Capital: More Evidence in Support of Camerer and Hogarth (1999)

Rydval, Ondrej - Wirtschaftswissenschaftliche Fakultät, … - 2007

This paper extends existing evidence on the interaction between financial incentives and cognitive capital. I focus on … situated in an accounting setting, I show that both financial incentives and task-specific cognitive capital, and especially … stronger under performance-based financial incentives as compared to flat-rate incentives. The interaction effect arises …

Persistent link: https://www.econbiz.de/10005090505

Task enjoyment and opportunity costs in the lab - the effect of financial incentives on performance in real effort tasks

Eckartz, Katharina M. - Wirtschaftswissenschaftliche Fakultät, … - 2014

This study is directly motivated by the results of Eckartz et al (2012). Subjects exerted suprisingly high efforts irrespectively of how they were compensated. This paper discusses a number of potential explanations and then it will focus on two of them: first, subjects might exert effort simply...

Persistent link: https://www.econbiz.de/10010884457

How do Incentives affect Creativity?

Eckartz, Katharina; Kirchkamp, Oliver; Schunk, Daniel - Wirtschaftswissenschaftliche Fakultät, … - 2012

a number-adding task) with the same treatments. In all tasks we find that incentives seem to have very small effects and …

Persistent link: https://www.econbiz.de/10010884482

Relative Performance of Liability Rules: Experimental Evidence

Angelova, Vera; Attanasi, Giuseppe; Hiriart, Yolande - Wirtschaftswissenschaftliche Fakultät, … - 2012

We compare the performance of liability rules for managing environmental disasters when third parties are harmed and cannot always be compensated. A firm can invest in safety to reduce the likelihood of accidents. The firm's investment is unobservable to authorities. Externality and asymmetric...

Persistent link: https://www.econbiz.de/10010539769

See No Evil: Information Chains and Reciprocity in Teams

Steiger, Eva-Maria; Ro'i Zultan - Wirtschaftswissenschaftliche Fakultät, … - 2011

Transparency in teams can induce cooperation. We study contribution decisions by agents when previous decisions can be observed. We find that an information chain, in which each agent directly observes only the decision of her immediate predecessor, is at least as effective as a...

Persistent link: https://www.econbiz.de/10009317896

Do not Trash the Incentive! Monetary incentives and waste sorting

Bucciol, Alessandro; Montinari, Natalia; Piovesan, Marco - Wirtschaftswissenschaftliche Fakultät, … - 2011

This paper examines whether monetary incentives are an effective tool for increasing domestic waste sorting. We exploit …

Persistent link: https://www.econbiz.de/10009363243

Tournaments and Piece Rates Revisited: A Theoretical and Experimental Study of Premium Incentives

Güth, Werner; Levínský, Rene; Pull, Kerstin; Weisel, Ori - Wirtschaftswissenschaftliche Fakultät, … - 2010

introduce a new type of tournament into the literature: premium incentives. While premium incentives, just like fixed … minimization, we are able to show that premium incentives outperform fixed-prize tournaments as well as piece rates. Our …

Persistent link: https://www.econbiz.de/10008511332