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Can contracts signal social norms? : experimental evidence
Danilov, Anastasia; Sliwka, Dirk - 2013
We investigate whether incentive schemes signal social norms and thus affect behavior beyond their direct economic consequences. A principal-agent experiment is studied in which prior to contract choice principals are informed about past actions of other agents and thus have more information...
Persistent link: https://www.econbiz.de/10009765609
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Strategic incomplete contracts : theory and experiments
Erkal, Nisvan; Wu, Steven Y.; Roe, Brian - 2014
We develop a model of strategic contractual incompleteness that identifies conditions under which principals might omit even costlessly verifiable terms. We then use experiments to test comparative statics predictions of the model. While it is well known that verifiability imperfections can...
Persistent link: https://www.econbiz.de/10010457849
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More than the money : payoff-irrelevant terms in relational contracts
Cromwell, Erich; Goerg, Sebastian J.; Ziółkowska, Monika - 2018
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
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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 arguments nor depends on ownership structure. We analyse a repeated hidden action model in which the actions of a risk neutral agent determine his future outside option. Consequently,...
Persistent link: https://www.econbiz.de/10011410683
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More than the money : payoff-irrelevant terms in relational contracts
Cromwell, Erich; Goerg, Sebastian J.; Ziółkowska, Monika - 2018
In this study we use import penetration as a proxy for foreign competition in order to empirically analyze (1) the impact of foreign competition on managerial compensation, (2) differences in the impact between Germany and the U.S and (3) whether the impact of import penetration is driven by...
Persistent link: https://www.econbiz.de/10011893429
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Profit sharing, wage formation and flexible outsourcing under labor market imperfection
Koskela, Erkki; König, Jan - 2010
We combine profit sharing and outsourcing, if the wage for worker is decided by a labor union to analyze how does the … implementation of profit sharing affect individual effort and the bargained wage and thus outsourcing? We find that profit sharing … a wage increasing effect via labor demand elasticity so that outsourcing and employment effects are also ambiguous …
Persistent link: https://www.econbiz.de/10003935073
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Cream-skimming, parking and other intended and unintended effects of performance-based contracting in social welfare services
Koning, Pierre; Heinrich, Carolyn J. - 2010
In a growing number of countries, the delivery of social welfare services is contracted out to private providers, and increasingly, using performance-based contracts. Critics of performance-based incentive contracts stress their potential unintended effects, including cream-skimming and other...
Persistent link: https://www.econbiz.de/10003941973
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The labour supply effect of education maintenance allowance and its implications for parental altruism
Holford, Angus - 2015
Education Maintenance Allowance (EMA) was a UK government cash transfer paid directly to children aged 16-18, in the first two years of post-compulsory full-time education. This paper uses the labour supply effect of EMA to infer the magnitude of the transfer response made by the parent, and so...
Persistent link: https://www.econbiz.de/10010477535
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Preferences and perceptions in provision and maintenance public goods
Gächter, Simon; Kölle, Felix; Quercia, Simone - 2022
We study two generic versions of public goods problems: in Provision problems, the public good does not exist initially and needs to be provided; in Maintenance problems, the public good already exists and needs to be maintained. In five lab and online experiments (n=2,584), we document a robust...
Persistent link: https://www.econbiz.de/10013209845
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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