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A within-subject analysis of other-regarding preferences
Blanco, Mariana; Engelmann, Dirk; Normann, Hans-Theo - 2010
We assess the predictive power of a model of other-regarding preferences - inequality aversion - using a within-subjects design. We run four different experiments (ultimatum game, dictator game, sequential-move prisoners' dilemma and public-good game) with the same sample of subjects. We elicit...
Persistent link: https://www.econbiz.de/10008667623
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Unraveling fairness in simple games? : the role of empathy and theory of mind
Artinger, Florian; Exadaktylos, Filippos; Koppel, Hannes; … - 2010
Economists have been theorizing that other-regarding preferences influence decision making. Yet, what are the corresponding psychological mechanisms that inform these preferences in laboratory games? Empathy and Theory of Mind (ToM) are dispositions considered to be essential in social...
Persistent link: https://www.econbiz.de/10003980496
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Social comparison and performance : experimental evidence on the fair-wage effort hypothesis
Gächter, Simon; Thöni, Christian - 2009
fairness ; discrimination …
Persistent link: https://www.econbiz.de/10003908626
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Social comparison and performance : experimental evidence on the fair wage-effort hypothesis
Gächter, Simon; Thöni, Christian - 2010
fairness ; discrimination …
Persistent link: https://www.econbiz.de/10003934053
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Social Comparison and Performance : Experimental Evidence on the Fair Wage-Effort Hypothesis
Gaechter, Simon - 2010
We investigate the impact of wage comparisons for worker productivity. We present three studies which all use three-person gift-exchange experiments. Consistent with Akerlof and Yellen's (1990) fair wage-effort hypothesis we find that disadvantageous wage discrimination leads to lower efforts...
Persistent link: https://www.econbiz.de/10013148288
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Fairness, adverse selection, and employment contracts
Siemens, Ferdinand von - 2005
extent of their fairness concerns. Fairness is modelled as inequity aversion, where fair-minded workers suffer if their … colleagues get more income net of production costs. Screening workers with equal productivity but different fairness concerns is … the fraction of fair-minded workers. As a result, fairness might influence the employment contracts of all workers …
Persistent link: https://www.econbiz.de/10010366541
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Fairness, adverse selection, and employment contracts
Siemens, Ferdinand von - 2005 - This Version: July 2005
extent of their fairness concerns. Fairness is modelled as inequity aversion, where fair-minded workers suffer if their … colleagues get more income net of production costs. Screening workers with equal productivity but different fairness concerns is … the fraction of fair-minded workers. As a result, fairness might infuence the employment contracts of all workers although …
Persistent link: https://www.econbiz.de/10010440434
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Does Pay Inequality Affect Worker Effort? Experimental Evidence
Charness, Gary; Kuhn, Peter - 2007
We study worker behavior in an efficiency-wage environment where co-workers' wages can influence a worker's effort. Theoretically, we show that an increase in workers' responsiveness to co-workers' wages should lead profit-maximizing firms to compress wages. Our laboratory experiments, on the...
Persistent link: https://www.econbiz.de/10014029508
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Hidden Costs of Control Under Aligned Monetary Incentives
Aimone, Jason Anthony - 2016
Several experimental studies have demonstrated the importance of non-monetary preferences in determining agents' response to control and delegation when monetary incentives between agents and principals are not aligned, but little is known about how such preferences influence the principle agent...
Persistent link: https://www.econbiz.de/10013004422
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Delegation Games : A Game Theoretical Perspective for Managerial Incentives
Akbulut Merchant, Cigdem; Jansen, Thijs; van Lier, Arie - 2017
Companies employ managers for either practical, legal or administrative reasons. However, no matter what the reason, the good performance of managers and the success of companies are vital elements for firms. At this point, managerial incentives play a key role. In this paper, we use the VFJS...
Persistent link: https://www.econbiz.de/10014034936