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the theoretical benchmark with behavior observed in a one-shot experiment. …
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We investigate the influence of two widespread compensation schemes, individual piece-rates and team incentives, on … pronounced under team incentives than under individual piece-rates, which highlights a so far fairly neglected feature of these … compensation schemes. -- compensation schemes ; lying ; team ; experiment …
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. -- incentives ; crowding-out ; reciprocity ; reputation ; experiment …
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A simple principal agent problem is experimentally investigated in which a principal repeatedly sets a wage and an agent responds by choosing an effort level. The principal's payoff is determined by the agent's effort. In a first setting, the principal can only set a fixed wage in each period....
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