. In our laboratory experiment, we establish the existence of a significant efficiency premium of uniform wages. However …-enhancing effects. -- gift exchange ; multiple agents ; uniform contracts ; collective wage ; experiment …

policy. -- bargaining experiment ; outside option ; search …

We analyze the impact of social comparison on optimal contract design under imperfect labor market competition for … if the degree of competition for talent is sufficiently low. In contrast, a ranking unambiguously reduces welfare if the … competition intensity is high and agents suffer from lagging behind while it can enhance welfare (depending on the fraction of …

uncertainty affects work performance and willingness to compete in the field, it can be studied in a controlled lab experiment. We … present a novel experiment where subjects can compete against each other, but where the number of winners is either uncertain … willingness to enter competition with uncertainty and ambiguity, but men react slightly more than women. Overall, both effects …

, compete for a prize there is a need for intra-team coordination in order to win the inter-team competition. Introducing … reducing efforts. In our experiment we control the channels of communication by letting subjects communicate through an …. -- tournament ; team decision making ; communication ; collusion ; freeriding ;experiment …

challenging task to identify and measure moral behavior in markets. Based on a theoretical model, we examine in an experiment the …