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contracts which determine their managers' salaries. One contract simply gives managers incentives to maximize firm profits …
Persistent link: https://www.econbiz.de/10009781566
When managers are sufficiently guided by social preferences, incentive provision through an organizational mode based on informal implicit contracts may provide a cost-effective alternative to a more formal mode based on explicit contracts and monitoring. This paper reports the results from a...
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Recent research has shown that the presence of peers can increase individual output both in the lab and the field. This paper tests for negative side effects of peer settings. We investigate whether peer settings are particularly prone to cheating even if they do not provide additional monetary...
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the deterrence hypothesis, namely that crime is weakly decreasing in deterrent incentives, i.e. severity and probability … of punishment. In our experiment, subjects can steal from another participant's payoff. Deterrent incentives vary across … incentives, subjects steal more the stronger the incentives. We observe two types of subjects: selfish subjects who act according …
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