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In this paper, we investigate individuals’ investment in status in an environment where no monetary return can possibly … be derived from reaching a better relative position. We use a real-effort experiment in which we permit individuals to … status. People increase their effort when they are informed about their relative performance, and some individuals pay to …
Persistent link: https://www.econbiz.de/10014186505
In this paper, we investigate individuals' investment in status in an environment where no monetary return can possibly … be derived from reaching a better relative position. We use a real-effort experiment in which we permit individuals to … learn and potentially improve their status (rank). We find that people express both intrinsic motivation and a taste for …
Persistent link: https://www.econbiz.de/10013141233
In this paper, we investigate individuals' investment in status in an environment where no monetary return can possibly … be derived from reaching a better relative position. We use a real-effort experiment in which we permit individuals to … learn and potentially improve their status (rank). We find that people express both intrinsic motivation and a taste for …
Persistent link: https://www.econbiz.de/10013141393
This article examines whether social comparisons have behavioral effects on workers' performance when a firm can choose workers' wages or let them choose their own. Firms can delegate the wage decision to neither, one or both workers in the firm. We vary the information workers receive, finding...
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A well-known result by Vega-Redondo implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian outcome where price equals marginal cost. In this paper we show that this result is not robust to the slightest asymmetry in fixed costs. Instead of obtaining the Walrasian outcome...
Persistent link: https://www.econbiz.de/10003593007
Persistent link: https://www.econbiz.de/10003431693