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A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature about the first trade-off. Due to lack of...
Persistent link: https://www.econbiz.de/10010333738
In economic approaches it is often argued that reputation considerations influence the behavior of individuals or firms and that reputation influences the outcome of markets. Empirical evidence is rare though. In this contribution we argue that a positive reputation of sellers should have an...
Persistent link: https://www.econbiz.de/10010333919
Summary It is often argued in economics that building a reputation for trustworthiness could help individuals or firms to mitigate or even overcome problems of contractual incompleteness. In this paper, we use data from the German eBay website to test whether a seller’s bad reputation has an...
Persistent link: https://www.econbiz.de/10014609189
Summary Based on two representative samples of employees, the German Socio Economic Panel and the European Social Survey, we explore the relation between certain measures of control in employment relationships (i. e. working time regulations, use of performance appraisal systems, monitoring by...
Persistent link: https://www.econbiz.de/10014609464
We experimentally compare the consequences for group cooperation of two decision mechanisms involving the extension of group membership. We analyze an exogenous decision (random draw) and an endogenous decision (made by a particular group member) mechanism to extend a temporary agent's group...
Persistent link: https://www.econbiz.de/10013200059
Persistent link: https://www.econbiz.de/10003784611
Persistent link: https://www.econbiz.de/10002689965
Persistent link: https://www.econbiz.de/10010193373
We experimentally compare the consequences for group cooperation of two decision mechanisms involving the extension of group membership. We analyze an exogenous decision (random draw) and an endogenous decision (made by a particular group member) mechanism to extend a temporary agent's group...
Persistent link: https://www.econbiz.de/10012432443
Persistent link: https://www.econbiz.de/10008153368