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Gift exchange and workers' fairness concerns : when equality is unfair

Abeler, Johannes; Altmann, Steffen; Kube, Sebastian; … - 2009

. This is not caused by monetary incentives per se since under both wage schemes it is profit-maximizing for agents to exert …

Persistent link: https://www.econbiz.de/10003854042

Promoting cooperation : the distribution of reward and punishment power

Nosenzo, Daniele; Sefton, Martin - 2012

Recent work in experimental economics on the effectiveness of rewards and punishments for promoting cooperation mainly examines decentralized incentive systems where all group members can reward and/or punish one another. Many self-organizing groups and societies, however, concentrate the power...

Persistent link: https://www.econbiz.de/10009578208

Combining "real effort" with induced effort costs : the ball-catching task

Gächter, Simon; Huang, Lingbo; Sefton, Martin - 2015

an experiment with piece-rate incentives we find that the comparative static and the point predictions on effort … induced values, which is useful for theory-testing purposes as well as for applications. …

Persistent link: https://www.econbiz.de/10010530634

On the survival of payoff maximizing behavior and delegation in contests

Possajennikov, Alexandre (contributor) - 2008

that in two-player contests the optimal delegation involves giving the agent incentives to maximize principal's payoff … while in contests with more than two players incentives will be different from principal's payoff maximization. Further …

Persistent link: https://www.econbiz.de/10003790694

The effects of (incentivized) belief elicitation in public good experiments

Gächter, Simon (contributor); Renner, Elke (contributor) - 2006

distribution of beliefs as well as the relationship between contributions and beliefs are unaffected by incentives. Eliciting … results for the design of experiments. -- Incentives ; beliefs ; experiments ; public goods …

Persistent link: https://www.econbiz.de/10003375964

The impact of pay comparisons on effort behavior

Nosenzo, Daniele - 2010

This study uses a three-person gift-exchange game experiment to examine the impact of pay comparisons on effort behavior. We compare effort choices made in a treatment where workers' wages are secret with effort choices made in two 'public wages' treatments. The two 'public wages' treatments...

Persistent link: https://www.econbiz.de/10003990157

The effects of (incentivized) belief elicitation in public goods experiments

Gächter, Simon; Renner, Elke - 2010

) Do incentives increase belief accuracy? 2) Are there interaction effects of beliefs and decisions? We investigate these … beliefs are incentivized. The relationship between contributions and beliefs is slightly steeper under incentives. However, we … beliefs at all. We discuss the implications of our results for the design of public good experiments. -- Incentives ; beliefs …

Persistent link: https://www.econbiz.de/10003990218

Discretionary sanctions and rewards in the repeated inspection game

Nosenzo, Daniele; Offerman, Theo; Sefton, Martin; Veen, … - 2012

We experimentally investigate a repeated "inspection game" where, in the stage game, an employee can either work or shirk and an employer simultaneously chooses to inspect or not inspect. Combined payoffs are maximized when the employee works and the employer does not inspect. However, the...

Persistent link: https://www.econbiz.de/10009578200

Discretionary sanctions and rewards in the repeated inspection game

Nosenzo, Daniele; Offerman, Theo; Sefton, Martin; Veen, … - 2014 - This version: 02 April 2014

We experimentally investigate a repeated "inspection game" where, in the stage game, an employee can either work or shirk and an employer simultaneously chooses to inspect or not inspect. The unique equilibrium of the stage game is in mixed strategies with positive probabilities of...

Persistent link: https://www.econbiz.de/10010340303

Goal setting in the principal-agent model : weak incentives for strong performance

Corgnet, Brice; Gómez-Miñambres, Joaquín; Hernán … - 2016

responsive to agents' performance. Agents' performance is higher in the presence of goal setting despite weaker incentives. We … incentives and wage-irrelevant goals can be optimal. The pervasive use of non-monetary incentives in the workplace may help … account for previous empirical findings suggesting that firms rely on unexpectedly weak monetary incentives. …

Persistent link: https://www.econbiz.de/10011515824