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reciprocity and inequality aversion reduce the attraction of performance related pay. Other-regarding preferences influence both …
Persistent link: https://www.econbiz.de/10010261940
mechanism's robustness is explored in further experiments. …
Persistent link: https://www.econbiz.de/10010319469
mechanism's robustness is explored in further experiments. …
Persistent link: https://www.econbiz.de/10010884174
We analyze the offering, asking, and granting of help or other benefits as a three-stage game with bilateral private information between a person in need of help and a potential help-giver. Asking entails the risk of rejection, which can be painful: since unawareness of the need can no longer be...
Persistent link: https://www.econbiz.de/10013388842
We propose and initiate the study of privacy elasticity--the responsiveness of economic variables to small changes in the level of privacy given to participants in an economic system. Individuals rarely experience either full privacy or a complete lack of privacy; we propose to use differential...
Persistent link: https://www.econbiz.de/10013334433
We provide the first investigation of the relationship between self-awareness and dis- honesty in a multi-wave pre-registered experiment with 1,260 subjects. In the first wave we vary the level of awareness of subjects' past dishonesty and explore the impact on behaviour in tasks that include...
Persistent link: https://www.econbiz.de/10012597402
Tournament incentive schemes offer payments dependent on relative performance and thereby are intended to motivate agents to exert productive effort. Unfortunately, however, an agent may also be tempted to destroy the production of his competitors in order to improve the own relative position....
Persistent link: https://www.econbiz.de/10010262080
A growing literature stresses the importance of reciprocity, especially for employment relations. In this paper, we … study the interaction of different payment modes with reciprocity. In particular, we analyze how equal wages affect … rather driven by the fact that reciprocity is violated far more frequently in the equal wage treatment. Agents suffering from …
Persistent link: https://www.econbiz.de/10005761926
A burgeoning literature in economics has started examining the role of social norms in explaining economic behavior. Surprisingly, the vast majority of this literature has studied social norms in asocial decision settings, where individuals are observed to act in isolation from each other. In...
Persistent link: https://www.econbiz.de/10011451190
Socio-economic performance differs not only across countries but within countries too and can persist even after religion, language, and formal institutions are long shared. One interpretation of these disparities is that successful regions are characterized by higher levels of trust, and, more...
Persistent link: https://www.econbiz.de/10011730997