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We study the impact of reputational incentives in markets characterized by moral hazard problems. Social preferences have been shown to enhance contract enforcement in these markets, while at the same time generating considerable wage and price rigidity. Reputation powerfully amplifies the...
Persistent link: https://www.econbiz.de/10005069892
This paper contains a review of work on wage rigidity. The work includes field studies, and economic experiments, and psychological surveys. Economists have done the field studies and experiments, and management scientists and experimental psychologists have done the surveys.
Persistent link: https://www.econbiz.de/10005593238
We study the impact of reputational incentives in markets characterized by moral hazard problems. Social preferences have been shown to enhance contract enforcement in these markets, while at the same time generating considerable wage and price rigidity. Reputation powerfully amplifies the...
Persistent link: https://www.econbiz.de/10008925002
We study the impact of reputational incentives in markets characterized by moral hazard problems. Social preferences have been shown to enhance contract enforcement in these markets, while at the same time generating considerable wage and price rigidity. Reputation powerfully amplifies the...
Persistent link: https://www.econbiz.de/10005627891
reciprocity. In doing so we replicate and extend the results first reported by Croson and Buchan (1999). We find that men exhibit … greater trust than women do while women show much higher levels of reciprocity. Trusting behavior is driven strongly by …
Persistent link: https://www.econbiz.de/10010263242
This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind …
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