Showing 1 - 10 of 292
uncertain mapping between effort and output that inhibits reciprocity. This uncertainty is prevalent in creative and other …
Persistent link: https://www.econbiz.de/10011479746
This paper investigates the extent of the holdup underinvestment problem in a buyer-seller relationship in which the seller has private information about his alternative trading opportunities. Theory predicts that, compared with a situation in which outside options are publicly observed, the...
Persistent link: https://www.econbiz.de/10011334336
One of the main findings of a large body of gift exchange experiments is that in an incomplete contracts environment … in the size of the workforce and intention-based reciprocity rather than social preferences seems to be the main driving …
Persistent link: https://www.econbiz.de/10011338000
This paper reports the results of an individual real effort laboratory experiment where subjects are paid for measured performance. Measured performance equals actual performance plus noise. We compare a stable environment where the noise is small with a volatile environment where the noise is...
Persistent link: https://www.econbiz.de/10011376648
We consider repeated trust game experiments to study the interplay between explicit and relational incentives. After … contract), because this game better sustains (implicit) relational incentives backed by either reputational or reciprocity …
Persistent link: https://www.econbiz.de/10011378080
Numerous gift exchange experiments have found a positive relationship between employers' wage offers and workers …' effort levels. In (almost) all these experiments the employer both owns and controls the firm. Yet in reality many firms are …
Persistent link: https://www.econbiz.de/10011349214
reciprocity, however, suggest that this relationship may go the other way around. In this paper we test these predictions by means … less attractive when the scope for rent-seeking activities increases. However, reciprocity motivations do seem to mitigate …
Persistent link: https://www.econbiz.de/10011349719
Persistent link: https://www.econbiz.de/10010191088
Persistent link: https://www.econbiz.de/10009720706
We provide a game theoretic analysis of how power shapes the clarity of communication. We analyze information transmission in a cheap talk bargaining game between an informed Sender and an uninformed Receiver. Theoretically, we find that the maximum amount of information that can be transmitted...
Persistent link: https://www.econbiz.de/10011386160