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Incentive contracts crowd out voluntary cooperation : evidence from gift-exchange experiments
Gächter, Simon; Kaiser, Esther; Königstein, Manfred - 2024
Explicit and implicit incentives and opportunities for mutually beneficial voluntary cooperation co-exist in many contractual relationships. In a series of eight laboratory gift-exchange experiments, we show that incentive contracts can lead to crowding out of voluntary cooperation even after...
Persistent link: https://www.econbiz.de/10014502768
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Incentive contracts crowd out voluntary cooperation : evidence from gift-exchange experiments
Gächter, Simon; Kaiser, Esther; Königstein, Manfred - 2024
Explicit and implicit incentives and opportunities for mutually beneficial voluntary cooperation co-exist in many contractual relationships. In a series of eight laboratory gift-exchange experiments, we show that incentive contracts can lead to crowding out of voluntary cooperation even after...
Persistent link: https://www.econbiz.de/10014529308
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The roles of incentives and voluntary cooperation for contractual compliance
Gächter, Simon; Kessler, Esther; Königstein, Manfred - 2011
voluntary cooperation. Further experiments show that this result is robust to two important variables: experiencing Trust …
Persistent link: https://www.econbiz.de/10009308812
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The roles of incentives and voluntary cooperation for contractual compliance
Gächter, Simon; Kessler, Esther; Königstein, Manfred - 2011
voluntary cooperation. Further experiments show that this result is robust to two important variables: experiencing Trust …
Persistent link: https://www.econbiz.de/10009153163
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Incentive magnitude effects in experimental games : bigger is not necessarily better
Pulford, Briony D.; Colman, Andrew M.; Loomes, Graham - In: Games 9 (2018) 1/4, pp. 1-10
In experimental games, task-related incentives are payments to experimental subjects that vary according to their strategy choices and the consequent outcomes of the games. Limited evidence exists regarding incentive magnitude effects in experimental games. We examined one-off strategy choices...
Persistent link: https://www.econbiz.de/10011848336
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Adding Tournament to Tournament : Combining Between-Team and Within-Team Incentives
Majerczyk, Michael - 2018
We examine theoretically and experimentally how combining between-team and within-team incentives affects behavior in team tournaments. Theory predicts that free-riding is likely to occur when there are only between-team incentives, and offering within-team incentives may solve this problem....
Persistent link: https://www.econbiz.de/10012921253
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In search of informed discretion : an experimental investigation of fairness and trust reciprocity
Maas, Victor S.; Rinsum, Marcel van; Towry, Kristy L. - In: The accounting review : a publication of the American … 87 (2012) 2, pp. 617-644
Persistent link: https://www.econbiz.de/10009540541
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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 … trust contracts that pay a generous wage upfront are less efficient than incentive contracts. The principals understand this … and predominantly choose the bonus contracts. Our results are consistent with recently developed theories of fairness …
Persistent link: https://www.econbiz.de/10010371080
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Contract choice : efficiency and fairness in revenue‐sharing contracts
Karakostas, Alexandros; Sonntag, Axel; Zizzo, Daniel John - In: The Scandinavian journal of economics 119 (2017) 4, pp. 962-986
Persistent link: https://www.econbiz.de/10011805615
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Using social connections and financial incentives to solve coordination failure : a quasi-field experiment in India's manufacturing sector
Afridi, Farzana; Dhillon, Amrita; Li, Sherry Xin; … - 2018
Production processes are often organised in teams, yet there is limited evidence on whether and how social connections and financial incentives affect productivity in tasks that require coordination among workers. We simulate assembly line production in a lab-in-the-field experiment in which...
Persistent link: https://www.econbiz.de/10011859500