Showing 1 - 10 of 540
We investigate the influence of two widespread compensation schemes, individual piece-rates and team incentives, on … pronounced under team incentives than under individual piece-rates, which highlights a so far fairly neglected feature of these …
Persistent link: https://www.econbiz.de/10010280688
paper reports the results of a real-effort experiment in which participants choose between an individual compensation scheme … and a team-based payment scheme. We find that women are more likely than men to select team-based compensation in our … baseline treatment, but women and men join teams with equal frequency when we add an efficiency advantage to team production …
Persistent link: https://www.econbiz.de/10010280692
experiment that analyzes the influence of other-regarding preferences on sorting and incentives. Experimental evidence shows that …
Persistent link: https://www.econbiz.de/10010261940
reasonably approximate real-life decision makers? behavior. Testing this theory with field data is difficult since typically …
Persistent link: https://www.econbiz.de/10010262147
A simple principal agent problem is experimentally investigated in which a principal repeatedly sets a wage and an agent responds by choosing an effort level. The principal's payoff is determined by the agent's effort. In a first setting the principal can only set a fixed wage in each period. In...
Persistent link: https://www.econbiz.de/10010267365
inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation …
Persistent link: https://www.econbiz.de/10010271236
their lies when settings allow for reputation-building. While some lies can be detected ex post by the uninformed party …, others remain deniable. We find that traditional market mechanisms such as reputation generate strong changes in the way … better by substituting deniable lies for detectable lies. Our results highlight the limitations of reputation to root out …
Persistent link: https://www.econbiz.de/10012882507
young children fail to anticipate the benefits of reputation building. We also show that the cognitive skills of children …
Persistent link: https://www.econbiz.de/10012597613
We experimentally investigate a simple version of Holmström?s career concerns model in which firms compete for agents in two consecutive periods. Profits of firms are determined by agents? unknown ability and the effort they choose. Before making second-period wage offers firms are informed...
Persistent link: https://www.econbiz.de/10010261580
experiment, where principals set wages and agents respond by choosing effort levels. In addition to the efforts the principals …
Persistent link: https://www.econbiz.de/10010261601