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When fairness is not enough : the disproportionate contributions of the poor in a collective action problem
Malthouse, Eugene; Pilgrim, Charlie; Hills, Thomas; … - 2023
Many of our most pressing challenges, from combating climate change to dealing with pandemics, are collective action problems: situations in which individual and collective interests conflict with each other. In such situations people face a dilemma about making individually costly but...
Persistent link: https://www.econbiz.de/10014285827
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Why wages don't fall in jobs with incomplete contracts
Fongoni, Marco; Schaefer, Daniel; Singleton, Carl - 2024
We investigate how the incompleteness of an employment contract - discretionary and non-contractible effort - can affect an employer's decision about cutting nominal wages. Using matched employer-employee payroll data from Great Britain, linked to a survey of managers, we find support for the...
Persistent link: https://www.econbiz.de/10014557595
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Authority and incentives in organizations
Kräkel, Matthias - 2013
based on authority rights and minimizing costs for implementing high efforts. Concentrated delegation and hierarchical … cooperation, but cross-authority delegation is optimal for cooperation being crucial. If, however, the division heads are clearly … partial delegation if selfish behavior is crucial. -- authority ; centralization ; contracts ; decentralization ; moral hazard …
Persistent link: https://www.econbiz.de/10009721377
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The lure of authority : motivation and incentive effects of power
Fehr, Ernst; Herz, Holger; Wilkening, Tom - 2012
Authority and power permeate political, social, and economic life, but empirical knowledge about the motivational … origins and consequences of authority is limited. We study the motivation and incentive effects of authority experimentally in … an authority-delegation game. Individuals often retain authority even when its delegation is in their material interest …
Persistent link: https://www.econbiz.de/10009675190
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The hold-down problem and the boundaries of the firm : lessons from a hidden action model with endogenous outside option
Schnedler, Wendelin; Sunde, Uwe - 2002
This paper offers a rationale for limiting the delegation of (real) authority, which neither relies on insurance …
Persistent link: https://www.econbiz.de/10011410683
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Contracts as rent seeking devices : evidence from German soccer
Feess, Eberhard (contributor); Gerfin, Michael (contributor) - 2008
Recent theoretical research has identified many ways how contracts can be used as rent seeking devices vis-à-vis third parties, but there is no empirical evidence on this issue so far. To test some basic qualitative properties of this literature, we develop a theoretical and empirical framework...
Persistent link: https://www.econbiz.de/10003777942
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Wage-hours contracts, overtime working and premium pay
Hart, Robert A. (contributor); Ma, Yue (contributor) - 2008
This paper offers a contract-based theory to explain the determination of standard hours, overtime hours and overtime premium pay. We expand on the wage contract literature that emphasises the role of firm-specific human capital and that explores problems of contract efficiency in the face of...
Persistent link: https://www.econbiz.de/10003771694
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Is crime contagious?
Ludwig, Jens (contributor); Kling, Jeffrey R. (contributor) - 2006
Understanding whether criminal behavior is "contagious" is important for law enforcement and for policies that affect how people are sorted across social settings. We test the hypothesis that criminal behavior is contagious by using data from the Moving to Opportunity (MTO) randomized...
Persistent link: https://www.econbiz.de/10003348538
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A behavioral account of the labor market : the role of fairness concerns
Fehr, Ernst (contributor); Götte, Lorenz (contributor);  … - 2008
In this paper, we argue that important labor market phenomena can be better understood if one takes (i) the inherent incompleteness and relational nature of most employment contracts and (ii) the existence of reference-dependent fairness concerns among a substantial share of the population into...
Persistent link: https://www.econbiz.de/10003793473
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Real and nominal wage rigidity in a model of equal-treatment contracting
Martins, Pedro S.; Snell, Andy; Thomas, Jonathan P. - 2009
Following insights by Bewley (1999a), this paper analyses a model with downward rigidities in which firms cannot pay discriminate based on a year of entry to a firm, and develops an equilibrium model of wages and unemployment. We solve for the dynamics of wages and unemployment under conditions...
Persistent link: https://www.econbiz.de/10003879380