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. This is not caused by monetary incentives per se since under both wage schemes it is profit-maximizing for agents to exert …
Persistent link: https://www.econbiz.de/10003863658
Explicit and implicit incentives and opportunities for mutually beneficial voluntary cooperation co-exist in many … crowding out of voluntary cooperation even after incentives have been abolished. This crowding out occurs also in repeated …-effort relationships. Our systematic analysis also replicates established results on gift exchange, incentives, and crowding out of …
Persistent link: https://www.econbiz.de/10014502768
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. Our results are consistent with the theory of strategic ambiguity of Bernheim and Whinston (1998) and can be rationalized …
Persistent link: https://www.econbiz.de/10003609846
Persistent link: https://www.econbiz.de/10001731004
The order of actions in contests may generate different psychological effects which, in turn, may influence contestants' probabilities to win. The Prouhet-Thue-Morse sequence in which the first 'n' moves is the exact mirror image of the next 'n' moves should theoretically terminate any advantage...
Persistent link: https://www.econbiz.de/10011704206
than purely self-interested agents for a given prize structure. Contrary to standard tournament theory first-best efforts …
Persistent link: https://www.econbiz.de/10011415111
-regarding incentives for contractual compliance are present as well. Here we provide a comprehensive experimental analysis based on the … gift-exchange game of how explicit and implicit incentives affect cooperation. We first show that there is substantial … contracts without any incentives and implicit incentives coming from repeated interaction. Implicit incentives have a strong …
Persistent link: https://www.econbiz.de/10009308812
We study how upward communication - from workers to managers - about individual efforts affects the effectiveness of gift exchange as a contract-enforcement device for work teams. Our findings suggest that the use of such self-assessments can be detrimental to workers' performance. In the...
Persistent link: https://www.econbiz.de/10010467800
We show with a laboratory experiment that individuals adjust their moral principles to the situation and to their actions, just as much as they adjust their actions to their principles. We first elicit the individuals' principles regarding the fairness and unfairness of allocations in three...
Persistent link: https://www.econbiz.de/10009545257