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We use an incentivized experimental game to uncover heterogeneity in other-regarding preferences among salespeople in a large Austrian retail chain. Our results show that the majority of agents take the welfare of others into account but a significant fraction reveals self-regarding behavior....
Persistent link: https://www.econbiz.de/10011845322
Extensive research in economics explores generosity in monetary allocations. However, generosity often involves the allocation of non-monetary goods or experiences. Existing evidence suggests that generosity may be higher in such contexts, though no direct comparison exists. Here, we compare...
Persistent link: https://www.econbiz.de/10010496913
laboratory experiment to provide a test of such a connection. In small laboratory "societies," people repeatedly vote for a …
Persistent link: https://www.econbiz.de/10011761608
Work and trade relationships are often governed by relational contracts, in which incentives for cooperative action today stem from the prospective future benefits of the relationship. In this paper, we study how reductions in clarity about the financial consequences of actions, induced by...
Persistent link: https://www.econbiz.de/10011521953
of vertical integration and delegation for a large set of firms from many countries and industries. In line with the … model's predictions, we obtain three main results: (i) integration and delegation co-vary positively; (ii) producers are … more likely to integrate suppliers in input sectors with greater productivity variation (as the option value of integration …
Persistent link: https://www.econbiz.de/10011853182
This paper investigates the effect of robotization in high-income countries on firm-level North-South trade along the value chain. Using a novel combination of data sources including firm-level export data, input-output linkages, and robot adoption, we show contrasting implications for Southern...
Persistent link: https://www.econbiz.de/10014447792
altruism, trust, trustworthiness, and cooperation. For non-social experiences, we find no effect on subsequent behavior in any …
Persistent link: https://www.econbiz.de/10012520860
Recent evidence highlights the importance of social norms in many economic relations. However, many of these relationships are long-term and provide repeated game incentives for performance. We experimentally investigate interaction effects of reciprocity and repeated game incentives in two...
Persistent link: https://www.econbiz.de/10011398911
Trust affects almost all human relationships - in families, organizations, markets and politics. However, identifying the conditions under which trust, defined as people's beliefs in the trustworthiness of others, has a causal effect on the efficiency of human interactions has proven to be...
Persistent link: https://www.econbiz.de/10011927871
then split joint benefits. We investigate how social preferences determine investments. In our experiment we find that even …-sharing can be successful in the experiment, even when it is not in a selfish world. -- experiments ; incomplete contracts …
Persistent link: https://www.econbiz.de/10003937075