Narrow search
Showing 1 - 10 of 31
Cover Image
Reference Points in Renegotiations: The Role of Contracts and Competition
Bartling, Björn; Schmidt, Klaus M. - 2012
Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this … effect of contracts on bargaining threatpoints. We compare situations in which an initial contract is renegotiated to …
Persistent link: https://www.econbiz.de/10010333816
Cover Image
The Economics of Fairness, Reciprocity and Altruism -€“ Experimental Evidence and New Theories
Fehr, Ernst; Schmidt, Klaus M. - 2005
Chapter written for the Handbook of Reciprocity, Gift-Giving and Altruism
Persistent link: https://www.econbiz.de/10010334040
Cover Image
Theories of Fairness and Reciprocity. Evidence and Economic Applications
Fehr, Ernst; Schmidt, Klaus M. - 2001
Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests...
Persistent link: https://www.econbiz.de/10010427343
Cover Image
The Economics of Fairness, Reciprocity and Altruism – Experimental Evidence and New Theories
Fehr, Ernst; Schmidt, Klaus M. - 2005
This paper surveys recent experimental and field evidence on the impact of concerns for fairness, reciprocity and altruism on economic decision making. It also reviews some new theoretical attempts to model the observed behavior.
Persistent link: https://www.econbiz.de/10010427418
Cover Image
Reference Points in Renegotiations: The Role of Contracts and Competition
Bartling, Björn; Schmidt, Klaus M. - 2012
Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this … effect of contracts on bargaining threatpoints. We compare situations in which an initial contract is renegotiated to …
Persistent link: https://www.econbiz.de/10010427633
Cover Image
Reference points in renegotiations: The role of contracts and competition
Bartling, Björn; Schmidt, Klaus M. - 2012
Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this … effect of contracts on bargaining threatpoints. We compare situations in which an initial contract is renegotiated to …
Persistent link: https://www.econbiz.de/10010316921
Cover Image
Reference points in renegotiations : the role of contracts and competition
Bartling, Björn; Schmidt, Klaus M. - 2012
Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this … effect of contracts on bargaining threatpoints. We compare situations in which an initial contract is renegotiated to …
Persistent link: https://www.econbiz.de/10009571567
Cover Image
Theories of fairness and reciprocity : evidence and economic applications
Fehr, Ernst; Schmidt, Klaus M. - 2000
Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests...
Persistent link: https://www.econbiz.de/10011397676
Cover Image
Reference points, social norms, and fairness in contract renegotiations
Bartling, Björn; Schmidt, Klaus M. - In: Journal of the European Economic Association 13 (2015) 1, pp. 98-129
Persistent link: https://www.econbiz.de/10010519156
Cover Image
Fairness and contract design
Fehr, Ernst; Klein, Alexander; Schmidt, Klaus M. - 2005 - This version: November 5, 2005
We show experimentally that fairness concerns may have a decisive impact on the actual and optimal choice of contracts … in a moral hazard context. Bonus contracts that offer a voluntary and unenforceable bonus for satisfactory performance … provide powerful incentives and are superior to explicit incentive contracts when there are some fair-minded players. But …
Persistent link: https://www.econbiz.de/10010371080