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This paper studies the role of autonomy and reciprocity in explaining control averse responses in principal-agents interactions. While most of the social psychology literature emphasizes the role of autonomy, recent economic research has provided an alternative explanation based on reciprocity....
Persistent link: https://www.econbiz.de/10011308435
important primitives of social capital - trust and reciprocity - which can be used to explain deviations from the Nash … the behaviour of players in experimental trust and dictator games and suggest that the most informative utilization of … questionnaire about attitudes to trusting and reciprocating predict subjects' behaviour and, by comparing behaviour in Trust and …
Persistent link: https://www.econbiz.de/10003735424
Numerous signaling models in economics assume image concerns. These take two forms, as relating either to social image or self-image. While empirical work has identified the behavioral importance of the former, little is known about the role of self-image concerns. We exogenously vary self-image...
Persistent link: https://www.econbiz.de/10011625349
Firms can donate a share of profits to charity as a form of corporate social responsibility (CSR). Recent experiments have found that such initiatives can induce higher effort by workers, generating benefits for both sides of the labour market. We design a novel version of the gift-exchange game...
Persistent link: https://www.econbiz.de/10012428322
Although relative performance schemes are pervasive in organizations reliable empirical data on induced sabotage behavior is almost non-existent. We study sabotage in tournaments in a controlled laboratory experiment and are able to confirm one of the key insights from theory: effort and...
Persistent link: https://www.econbiz.de/10003859419
Empirical work on Akerlof's theory of gift exchange in labor markets has concentrated on the fair wage-effort hypothesis. In fact, however, the theory also contains a social component that stipulates that homogenous agents that are employed for the same wage level will exert more effort,...
Persistent link: https://www.econbiz.de/10009533989
What determines people's moral judgments of selfish behaviors? Here we study whether people's normative views in trust …
Persistent link: https://www.econbiz.de/10009771743
Persistent link: https://www.econbiz.de/10011911886
We investigate how payoff-irrelevant terms can negatively impact relational contracts. In a lab experiment we compare two economically equivalent contracts - a fixed-term renewable and an open-ended at-will contract. Each contract provides partners with full flexibility regarding the length and...
Persistent link: https://www.econbiz.de/10011893426
There is now an extensive literature on "gift exchange" showing that when principals and agents can trade "gifts" (rewards that should not emerge in a competitive equilibrium), exchange becomes more efficient. However, it is not obvious how gift exchange should be organized if the principal's...
Persistent link: https://www.econbiz.de/10011647476