Showing 1 - 10 of 2,214
-sharing selective incentives …
Persistent link: https://www.econbiz.de/10013051619
attaining the lower winning probability is the one choosing the rule giving higher incentives to the members …
Persistent link: https://www.econbiz.de/10013316145
We study the interplay of inequality and trust in a dynamic game, in which trust increases efficiency and thus allows higher growth of the experimental economy in the future. We find that trust is initially high in a treatment starting with equal endowments, but decreases over time. In a...
Persistent link: https://www.econbiz.de/10012773325
performance. As a comparison we ran the same experiment (the Candle Problem) with and without incentives for individuals as well …. Incentives did not reduce performance there either. Comparing individuals with groups we find that team-work facilitates creative …It has been argued that monetary incentives restrain individual creativity and hamper performance in jobs requiring out …
Persistent link: https://www.econbiz.de/10013315724
Usually, groups increase their productivity by the specialization of their group members. In these cases, group output is no longer simply a sum of individual outputs. We analyze contests with group-specific public goods that allow for different degrees of complementarity between group...
Persistent link: https://www.econbiz.de/10013316184
This paper uses data from a firm with team production to investigate the association between workers' productivity …, risk aversion and preferred bonus scheme (team or individual). Standard economics make a strong prediction in this case …. Workers persistently producing above the team average should vote for an individual bonus. The only concern that may moderate …
Persistent link: https://www.econbiz.de/10013117787
equilibria and underbidding incentives. The only condition is that the cost of the most efficient project must be positive …
Persistent link: https://www.econbiz.de/10013060963
productivity than achieved by providing the equivalent direct subsidy. A controlled laboratory experiment supports our behavioral …
Persistent link: https://www.econbiz.de/10012949108
This paper studies the impact of a key feature of competitive markets on moral behavior: the possibility that a competitor will step in and conclude the deal if a conscientious market actor forgoes a profitable business opportunity for ethical reasons. We study experimentally whether people...
Persistent link: https://www.econbiz.de/10012943147
economic literature on incentives, and discusses their relationship to monetary compensation. Awards are better suited than … complement, or even substitute for, monetary incentives. While we discuss awards in the context of academia, our conclusions …
Persistent link: https://www.econbiz.de/10012765608