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This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind …
Persistent link: https://www.econbiz.de/10011398368
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Do employers and workers underbid prevailing wages if there is unemployment? Do employers take advantage of workers’ underbidding by lowering wages? We hypothesize that under conditions of incomplete labor contracts wage levels may positively affect workers’ propensity to cooperate. This, in...
Persistent link: https://www.econbiz.de/10005076549
Do employers and workers underbid prevailing wages if there is unemployment? Do employers take advantage of workers' underbidding by lowering wages? We hypothesize that under conditions of incomplete labor contracts, wage levels may positively affect workers' propensity to cooperate. This, in...
Persistent link: https://www.econbiz.de/10014206900
How do firms motivate their employees to be productive? The conventional wisdom is that workers respond to monetary incentives—"Pay them more and they will work harder." However, a large and growing body of empirical evidence from laboratory and field experiments, surveys, and observational...
Persistent link: https://www.econbiz.de/10011404832
warm-glow motive. Second, the paper confirms the economic relevance of reciprocity by using field data. This extends the … current body of research on reciprocity, which is almost exclusively confined to laboratory studies. …
Persistent link: https://www.econbiz.de/10010261897
During the last two decades economists have made much progress in understanding incentives, contracts and organisations. Yet, they constrained their attention to a very narrow and empirically questionable view of human motivation. The purpose of this paper is to show that this narrow view of...
Persistent link: https://www.econbiz.de/10010262734
theories of fairness and reciprocity capture these forces. We find that cooperators' punishment is almost exclusively targeted …
Persistent link: https://www.econbiz.de/10010267590
respond in-kind to hostile or kind actions. Little is known, however, about: (i) the prevalence of reciprocity in the … population, (ii) individual determinants of reciprocity, (iii) the correlation between positive and negative inclinations within … inclinations, in particular in terms of positive reciprocity. However, there is substantial heterogeneity in the degree of …
Persistent link: https://www.econbiz.de/10010267940