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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/10010319469
building trust and substituting for the difficulty of enforcing contracts internationally. The networks we are interested in …
Persistent link: https://www.econbiz.de/10010261988
During the last two decades economists have made much progress in understanding incentives, contracts and organisations …
Persistent link: https://www.econbiz.de/10010262734
We often observe minority ethnic groups at a disadvantage relative to the majority. Why is this and what can be done about it? Efforts made to assimilate, and time, are two elements working to bring the minority into line with the majority. A third element, the degree to which the majority...
Persistent link: https://www.econbiz.de/10010268658
incompleteness and relational nature of most employment contracts and (ii) the existence of reference-dependent fairness concerns …
Persistent link: https://www.econbiz.de/10010269083
Experimental studies have consistently shown that cooperative outcomes can emerge even in finitely repeated games. Such outcomes are justified by existing reputation building models, which suggest that cooperative outcomes can be sustained if some subjects have other-regarding preferences. While...
Persistent link: https://www.econbiz.de/10010269268
In a recent paper, Hart and Moore (2008) introduce new behavioral assumptions that can explain long term contracts and … and, in particular, Hart and Moore's notion that contracts provide reference points. In this paper, we examine … tradeoff between rigidity and flexibility in a trading environment with incomplete contracts and ex ante uncertainty about the …
Persistent link: https://www.econbiz.de/10010269323
This paper provides a detailed analysis of various dimensions of informality in the Mexican labor market. To understand the nature of informality in terms of regulations and compliance, the legalistic view, and in terms of productivity view of the labor market this paper makes an empirical...
Persistent link: https://www.econbiz.de/10010269422
In this paper we consider the interaction between local workers and migrants in the production process of a firm. Both local workers and migrants can invest effort in assimilation activities in order to increase the assimilation of the migrants into the firm and thereby increase their...
Persistent link: https://www.econbiz.de/10010272672
-leisure trade-off. We allow workers a choice between two contracts: a piece rate contract, wherein he is paid per unit of service … simulate elasticities and the effects of ex ante reforms on physician contracts. Our results show that physician services and …
Persistent link: https://www.econbiz.de/10010276727