Showing 1 - 10 of 151
work, agents usually make their effort choice in response to competition and monetary incentives. At the same time, they … also allow for variations in incentives in one work period, in order to analyze spillover effects to the work periods … experimental data. A short-term increase in incentives in one period should lead to higher effort in that period, and, due to …
Persistent link: https://www.econbiz.de/10011976073
competition affect agents' performance? In a real-effort laboratory experiment, we study a one-time increase in incentives in a … sequence of equally incentivized contests. Our results suggest that a short-term increase in incentives induces a behavioral …
Persistent link: https://www.econbiz.de/10011895040
We conduct a field experiment where we vary both the presence of a gift-exchange wage and the effect of the worker's effort on the manager's payoff. Results indicate a strong complementarity between the initial wage-gift and the agent's ability to "repay the gift". We control for differences in...
Persistent link: https://www.econbiz.de/10012064798
Tournaments are often used to improve performance in innovation contexts. Tournaments provide monetary incentives but … salience of team identity, social image concerns, and whether teams face monetary incentives. Increased salience of team … identity does not improve performance. Social image motivates the top performers. Additional monetary incentives improve all …
Persistent link: https://www.econbiz.de/10014495030
Despite the prevalence of non-routine analytical team tasks in modern economies, little is known about how incentives … bonus incentives on the probability of completion of such a task. Bonus incentives increase performance due to the reward … minor role. Incentives improve performance also in an additional sample of presumably less motivated workers. However …
Persistent link: https://www.econbiz.de/10011899201
incentives influence performance in these tasks. In a series of field experiments involving more than 5,000 participants, we … investigate how incentives alter behavior in teams working on such a task. We document a positive effect of bonus incentives on … those seen with bonus incentives, rendering it as a likely mediator of incentive effects. …
Persistent link: https://www.econbiz.de/10014487148
Subjective evaluations are widely used, but call for different contracts from classical moral-hazard settings. Previous literature shows that contracts require payments to third parties. I show that the (implicit) assumption of deterministic contracts makes payments to third parties necessary....
Persistent link: https://www.econbiz.de/10014458796
A growing empirical literature attributes much of the productivity advantages of large, "superstar" firms to their adoption of best practice management techniques that allow them to better identify and use talented workers. The reasons for the incomplete adoption of these "structured management...
Persistent link: https://www.econbiz.de/10014495140
In a tedious real effort task, subjects know that their piece rate is either low or ten times higher. When subjects are informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this instrumental information when given the choice - and...
Persistent link: https://www.econbiz.de/10011340265
Recent behavioral models argue in favor of avoidance of instrumental information. We explore the role of information avoidance in a real-effort setting. Our experiment offers three main results. First, we confirm that preferences for avoidance of instrumental information exist, studying...
Persistent link: https://www.econbiz.de/10011751477