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Fairness, adverse selection, and employment contracts

Siemens, Ferdinand von - 2005

extent of their fairness concerns. Fairness is modelled as inequity aversion, where fair-minded workers suffer if their … colleagues get more income net of production costs. Screening workers with equal productivity but different fairness concerns is … the fraction of fair-minded workers. As a result, fairness might influence the employment contracts of all workers …

Persistent link: https://www.econbiz.de/10010366541

Incentives, Self-Selection, and Coordination of Motivated Agents for the Production of Social Goods

Bauer, Kevin; Kosfeld, Michael; von Siemens, Ferdinand - 2021

We study, theoretically and empirically, the effects of incentives on the self-selection and coordination of motivated agents to produce a social good. Agents join teams where they allocate effort to either generate individual monetary rewards (selfish effort) or contribute to the production of...

Persistent link: https://www.econbiz.de/10013217557

Complexity and Distributive Fairness Interact in Affecting Compliance Behavior

Bellemare, Charles - 2019

intrinsically linked to distributive fairness. We find that compliance remains largely unaffected by complexity when income taxes …

Persistent link: https://www.econbiz.de/10012860571

Courtesy and idleness : gender differences in team work and team competition

Ivanova-Stenzel, Radosveta; Kübler, Dorothea - 2005

Does gender play a role in the context of team work? Our results based on a real-effort experiment suggest that performance depends on the composition of the team. We find that female and male performance differ most in mixed teams with revenue sharing between the team members, as men put in...

Persistent link: https://www.econbiz.de/10010365905

Fairness and luck : contract away or come what may?

Asay, H. Scott; Garett, Jace B.; Tayler, William B. - In: Journal of management accounting research : JMAR 35 (2023) 1, pp. 1-21

Persistent link: https://www.econbiz.de/10014288914

The effects of explicit versus implicit targets on worker performance, reciprocity, and trust and the role of peer benchmarking

Chan, Eric W.; Lill, Jeremy B. - In: Journal of management accounting research : JMAR 35 (2023) 1, pp. 69-91

Persistent link: https://www.econbiz.de/10014288931

Adding a stick to the carrot? : the interaction of bonuses and fines

Fehr, Ernst; Schmidt, Klaus M. - 2007

In this paper we report on a principal-agent experiment where the principal can choose whether to rely on an unenforcable bonus contract or to combine the bonus contract with a fine if the agent's effort falls below a minimum standard. We show that most principals do not use the fine and that...

Persistent link: https://www.econbiz.de/10010365854

Does Pre-Play Social Interaction Improve Negotiation Outcomes?

Brañas-Garza, Pablo - 2019

We study experimentally the impact of pre-play social interactions on negotiations. These interactions are often complex. Thus, we attempt to isolate the impact of several of its more common components: conversations, food, and beverages, which could be alcoholic or nonalcoholic. To do this, our...

Persistent link: https://www.econbiz.de/10012892146

Does Market Interaction Erode Moral Values?

Özdemir, Yagiz - 2020

The widespread use of markets leads to unprecedented material well-being in many societies. We study whether market interaction, as a side effect, erodes moral values. An encompassing understanding of the virtues and vices of markets, including their possible impact on moral values, is necessary...

Persistent link: https://www.econbiz.de/10012823552

Security bid auctions for agency contracts

Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2012

A principal uses security bid auctions to award an incentive contract to one among several agents, in the presence of hidden action and hidden information. Securities range from cash to equity and call options. 'Steeper' securities are better surplus extractors that narrow the gap between the...

Persistent link: https://www.econbiz.de/10009571056

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