Showing 1 - 9 of 9
In this paper, we discuss recent evidence from economic experiments that study the impact of social preferences on workplace behavior. We focus on situations in which a single employer interacts with multiple employees. Traditionally, equity and efficiency have been seen as opposing aims in such...
Persistent link: https://www.econbiz.de/10009307567
contractual incompleteness. In our experiment, one principal is matched with two agents. The principal pays equal wages in one …
Persistent link: https://www.econbiz.de/10003863658
candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …. -- Reference points ; expectations ; loss aversion ; risk aversion ; disappointment ; experiment …
Persistent link: https://www.econbiz.de/10003794106
real-effort experiment in which subjects receive a piece rate and face a set of taxes. In one treatment the tax system is … in a more complex tax system. -- complexity ; taxation ; attention ; salience ; laboratory experiment …
Persistent link: https://www.econbiz.de/10009740012
another and that the composition of income is irrelevant for consumption. We find in a field experiment that even in a simple … change consumption according to the suggestion of the label. A controlled laboratory experiment confirms this result and … consumers ; field experiment ; laboratory experiment …
Persistent link: https://www.econbiz.de/10003716538
Private information is at the heart of many economic activities. For decades, economists have assumed that individuals are willing to misreport private information if this maximizes their material payoff. We combine data from 72 experimental studies in economics, psychology and sociology, and...
Persistent link: https://www.econbiz.de/10011531912
Reporting private information is a key part of economic decision making. A recent literature has found that many people have a preference for honest reporting, contrary to usual economic assumptions. In this paper, we investigate whether preferences for honesty are malleable and what determines...
Persistent link: https://www.econbiz.de/10012517229
over-estimation of social preferences in the student population. -- methodology ; selection bias ; laboratory experiment … ; field experiment ; other-regarding behavior ; social preferences ; social approval ; experimenter demand …
Persistent link: https://www.econbiz.de/10009740435
Using field and laboratory experiments, we demonstrate that the complexity of incentive schemes and worker bounded rationality can affect effort provision, by shrouding attributes of the incentives. In our setting, complexity leads workers to over-provide effort relative to a fully rational...
Persistent link: https://www.econbiz.de/10014311541