Showing 1 - 10 of 199
Workers respond to the output choices of their peers. What explains this well documented phenomenon of peer effects? Do workers value equity, fear punishment from equity-minded peers, or does output from peers teach them about employers' expectations? We test these alternative explanations in a...
Persistent link: https://www.econbiz.de/10012987140
Incentive schemes that reward participants based on their relative performance are often thought to be particularly risk-inducing. Using a novel, real-effort task experiment in the laboratory, we find that the relationship between incentives and risk-taking is more nuanced and depends critically...
Persistent link: https://www.econbiz.de/10013224108
This paper provides a study on conflicts of interest among college football coaches participating in the USA Today … individual coach ballots between 2005 and 2010, we find that coaches distort their rankings to reflect their own team … favorably and boost their own team's ranking more than two full positions. Coaches also rank teams they defeated more favorably …
Persistent link: https://www.econbiz.de/10013118120
win per season for a professional football team … pitch type in Major League Baseball and whether to run or pass in the National Football League. We observe more than three … million pitches in baseball and 125,000 play choices for football. We find systematic deviations from minimax play in both …
Persistent link: https://www.econbiz.de/10013224414
shortening close games where the home team is ahead, and lengthening close games where the home team is behind. They show no such …
Persistent link: https://www.econbiz.de/10013226985
The theory of incomplete contracting is rival to that of complete contracting as a frame of reference to understand contractual relationships. Both approaches rest upon diametrically opposed postulates and lead to very different policy conclusions. From a theoretical viewpoint, scrutiny of the...
Persistent link: https://www.econbiz.de/10013228753
The idea that worker utility is affected by co-worker wages has potentially broad labor market implications. In a month-long experiment with Indian manufacturing workers, we randomize whether co-workers within production units receive the same flat daily wage or different wages (according to...
Persistent link: https://www.econbiz.de/10012985579
explain differences in the rate of human capital accumulation on the job. Data tracking national soccer team performance and … individual has been a member of an elite team than when he has been a member of lower level teams. The conclusion is borne out by … a rich set of complementary data on: national team performance, player-level performance, performance of foreign players …
Persistent link: https://www.econbiz.de/10013047403
Little is known about the economic mechanisms leading to the high level of clustering in behavior commonly observed in the data. We present a model where agents can interact according to three distinct mechanisms, and we derive testable implications which allow us to distinguish between the...
Persistent link: https://www.econbiz.de/10013079589
We develop a Roy model of social interactions in which individuals sort into peer groups based on comparative advantage. Two key results emerge: First, when comparative advantage is the guiding principle of peer group organization, the effect of moving a student into an environment with...
Persistent link: https://www.econbiz.de/10013128607