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We study the relevance of fairness norms in an experimental scenario in which hired and rented hands are co-employed and stochastic influences and multiple reference points for fairness further increase complexity. Co-employment of hired and rented hands is an example out of a broader class of...
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One-shot interaction and repeated interaction often co-exist in the real world. We study possible behavioral effects of this co-existence in a principal-agent setting, in which a principal simultaneously employs a permanent and a temporary agent. Our experimental results indicate that there is...
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wages can be only increased or also decreased. Will the uncertainty of the future market wage and less wage flexibility lead … to temporary employment? And, if not, will employers adjust wages to changing market wages and will workers in ongoing …
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