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Incentives for dishonesty : an experimental study with internal auditors
Balafoutas, Loukas; Czermak, Simon; Eulerich, Marc; … - 2017 - This version: 20 April 2017
the nature of provided incentives. We conduct a 'lab in the field' experiment with internal auditors during two large … performance of the unit that they are auditing. We vary incentives in the experiment from individual (piece rate) to competitive … that incentive-based compensation increases dishonest behavior among internal auditors: competitive incentives lead to …
Persistent link: https://www.econbiz.de/10011639592
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Incentive schemes, private information and the double-edged role of competition for agents
Bannier, Christina E.; Feess, Eberhard; Packham, Natalie; … - 2016
This paper examines the effect of imperfect labor market competition on the efficiency of compensation schemes in a setting with moral hazard and risk-averse agents, who have private information on their productivity. Two vertically differentiated firms compete for agents by offering contracts...
Persistent link: https://www.econbiz.de/10011498942
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Incentives to lose revisited : the NHL and its tournament incentives
Fornwagner, Helena - 2017
provides incentives to increase effort in order to reach the playoffs and incentives to decrease effort once a team has been … incentives - they win more games when there is still a chance to reach the playoffs and lose more after being eliminated from …
Persistent link: https://www.econbiz.de/10011639595
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Rankings and risk-taking in the finance industry
Kirchler, Michael; Lindner, Florian; Weitzel, Utz - 2016
Rankings are a pervasive feature of the finance industry. Although they have no direct monetary consequences, rankings provide utility for intrinsic (positive self-image) and extrinsic (status) reasons. We recruit a unique subject pool of 204 financial professionals and investigate how anonymous...
Persistent link: https://www.econbiz.de/10011417442
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How social preferences shape incentives in (experimental) markets for credence goods
Kerschbamer, Rudolf; Sutter, Matthias; Dulleck, Uwe - 2015 - This Version: February 2015
Credence goods markets suffer from inefficiencies caused by superior information of sellers about the surplus-maximizing quality. While standard theory predicts that equal mark-up prices solve the credence goods problem if customers can verify the quality received, experimental evidence...
Persistent link: https://www.econbiz.de/10010479932
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Second-Degree Moral Hazard in a Real-World Credence Goods Market
Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2013 - This version: 16 October 2013
outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call …
Persistent link: https://www.econbiz.de/10010193289
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Strive to be first or avoid being last : an experiment on relative performance incentives
Dutcher, E. Glenn; Balafoutas, Loukas; Lindner, Florian; … - 2013
three mechanisms with the appropriate distribution of prizes. We test the model's predictions in a laboratory experiment and … ; promotion ; firing ; contract ; experiment ; learning …
Persistent link: https://www.econbiz.de/10009743404
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On the robustness of social norm elicitation
König-Kersting, Christian - 2021
order beliefs without monetary incentives results in qualitatively identical responses. In addition, we observe that … participants give sensible responses whether or not they understand the task or their monetary incentives. Overall, Krupka and …
Persistent link: https://www.econbiz.de/10012415938
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On the role of monetary incentives in risk preference elicitation experiments
Hackethal, Andreas; Kirchler, Michael; Laudenbach, Christine - 2020
of private investors, professional investors, and students, we test the effect of task-related monetary incentives on …
Persistent link: https://www.econbiz.de/10012262354
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Social status and risk-taking in investment decisions
Lindner, Florian; Kirchler, Michael; Rosenkranz, Stephanie - 2019
that professionals show higher levels of intrinsic (self-image) incentives to outperform others compared to non …-professionals (students), but a similar behavior can be sparked among the latter by adding reputational incentives. …
Persistent link: https://www.econbiz.de/10012008982