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Information exchange in laboratory markets: competition, transfer costs, and the emergence of reputation
Hoffmann, Roman; Kittel, Bernhard; Larsen, Mattias - In: Experimental Economics 24 (2020) 1, pp. 118-142
Public reputation mechanisms are an effective means to limit opportunistic behavior in markets suffering from moral hazard problems. While previous research was mostly concerned with the influence of exogenous feedback mechanisms, this study considers the endogenous emergence of reputation...
Persistent link: https://www.econbiz.de/10014503988
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Ranking of information systems in agency models: an integral condition
Fluet, Claude; Demougin, Dominique - In: Economic Theory 17 (2001) 2, pp. 489-496
We provide a condition for ranking of information systems in agency problems. The condition has a straightforward economic interpretation in terms of the sensitivity of a cumulative distribution with respect to the agent's effort. The criterion is shown to be equivalent to the mean preserving...
Persistent link: https://www.econbiz.de/10005371157
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You Don't Always Get What You Pay For
Schnedler, Wendelin - Alfred-Weber-Institut für Sozial- und … - 2007
Consider a principal-agent relationship in which more eort by the agent raises thelikelihood of success. Does rewarding success, i.e., paying a bonus, increase eort inthis case? I nd that bonuses have not only an incentive but also an income eect.Overall, bonuses paid for success may well reduce...
Persistent link: https://www.econbiz.de/10005868401
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Wage formation and the impact of envy
Sonnegård, Eva Uddén - 1991
Persistent link: https://www.econbiz.de/10000827782
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Die Gesellschaft und ihre Reichen : Vorurteile über eine beneidete Minderheit
Zitelmann, Rainer - 2019 - 1. Auflage
Persistent link: https://www.econbiz.de/10011982608
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Should they compete or should they cooperate? : the view of agency theory
Fleckinger, Pierre; Martimort, David; Roux, Nicolas - 2023
Persistent link: https://www.econbiz.de/10014247118
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The intensity of incentives in firms and markets : moral hazard with envious agents
Bartling, Björn; Siemens, Ferdinand von - 2006
. We offer an explanation for this observation based on envy among agents in an otherwise standard moral hazard model with …. The necessary compensation for expected envy renders incentive provision more expensive, which generates a tendency … towards flat-wage contracts. Moreover, empirical evidence suggests that social comparisons like envy are more pronounced among …
Persistent link: https://www.econbiz.de/10010343950
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The intensity of incentives in firms and markets : moral hazard with envious agents
Bartling, Björn; Siemens, Ferdinand von - 2006
. We offer an explanation for this observation based on envy among agents in an otherwise standard moral hazard model with …. The necessary compensation for expected envy renders incentive provision more expensive, which generates a tendency … towards flat-wage contracts. Moreover, empirical evidence suggests that social comparisons like envy are more pronounced among …
Persistent link: https://www.econbiz.de/10003368128
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Microfounded contest design
Kirkegaard, René - 2020
Persistent link: https://www.econbiz.de/10012172857
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Essays on incentive contracts under moral hazard and non-verifiable performance
Schöttner, Anja - 2005
Persistent link: https://www.econbiz.de/10003223703