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Corporate taxation and financial strategies under asymmetric information
Cohen, Francesco; Fedele, Alessandro; Panteghini, Paolo - 2014
In this article we study the corporate tax effects on credit market equilibria. In particular, we develop a model that accounts for five pieces of evidence: i) the existence of a tax incentive to borrow, ii) the negative relationship between leverage and profitability, iii) the existence of...
Persistent link: https://www.econbiz.de/10010347029
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Other-Regarding Preferences and Performance Pay : An Experiment on Incentives and Sorting
Villeval, Marie-Claire; Eriksson, Tor - 2004
reciprocity and inequality aversion reduce the attraction of performance related pay. Other-regarding preferences influence both …
Persistent link: https://www.econbiz.de/10010261940
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Managerial payoff and gift exchange in the field
Englmaier, Florian; Leider, Stephen G. - 2012
on details of the environment. -- incentives ; reciprocity ; gift exchange ; field experiments …
Persistent link: https://www.econbiz.de/10009488990
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Pay transparency under subjective performance evaluation
Fahn, Matthias; Zanarone, Giorgio - 2021
This paper studies how pay transparency affects organizations that reward employees based on their efforts (i.e., using "subjective performance evaluation"). First, we show that transparency triggers social comparisons that require the organization to pay its employees an "envy premium". This...
Persistent link: https://www.econbiz.de/10012418628
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Can Contracts Signal Social Norms? Experimental Evidence
Danilov, Anastasia; Sliwka, Dirk - 2013
mechanism's robustness is explored in further experiments. …
Persistent link: https://www.econbiz.de/10010319469
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Can Contracts Signal Social Norms? Experimental Evidence
Danilov, Anastasia; Sliwka, Dirk - Institute for the Study of Labor (IZA) - 2013
mechanism's robustness is explored in further experiments. …
Persistent link: https://www.econbiz.de/10010884174
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Vertical product differentiation when quality is unobservable to buyers : presented at CESifo Area Conference on Industrial Organisation, March 2003
Orosel, Gerhard O.; Zauner, Klaus G. - 2004
We analyze vertical product differentiation in a model where a good's quality is unobservable to buyers before purchase, a continuum of quality levels is technologically feasible, and minimum quality is supplied under competitive conditions. After purchase the true quality of the good is...
Persistent link: https://www.econbiz.de/10011450700
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The end of tourist traps : a natural experiment on the impact of tripadvisor on quality upgrading
Donati, Dante - 2022
Asymmetric information can distort market outcomes. I study how the online disclosure of information affects consumers' behavior and firms' incentives to upgrade product quality in markets where information is traditionally limited. I first build a model of consumer search with firms' endogenous...
Persistent link: https://www.econbiz.de/10013285520
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Intention-based reciprocity and the hidden costs of control
Siemens, Ferdinand von - 2011
by eroding motivation. The present paper shows that intention-based reciprocity can cause such motivational crowding …-out if individuals differ in their propensity for reciprocity and preferences are private information. Not being controlled …. -- extrinsic and intrinsic motivation ; crowding-out ; intention-based reciprocity ; incomplete information ; hidden costs of …
Persistent link: https://www.econbiz.de/10009272298
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Lying and reciprocity
Dato, Simon; Feess, Eberhard; Nieken, Petra - 2018
important in many interactions, we study a theoretical model on reciprocity where a player's altruism depends on her perception … empirically in a large scale online experiment and in the laboratory. In both experiments, the second mover's lying propensity … evidence that reciprocity does not play a role for lying behavior in our setting. …
Persistent link: https://www.econbiz.de/10011933920