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We study the relevance of fairness norms in an experimental scenario in which hired and rented hands are co …-employed and stochastic influences and multiple reference points for fairness further increase complexity. Co-employment of hired … and rented hands is an example out of a broader class of situations with multiple fairness standards. Co-employment has …
Persistent link: https://www.econbiz.de/10014053091
The impact of transparency on the extent of reciprocal behavior is investigated in a simple repeated gift exchange experiment, where principals set wages and agents respond by choosing effort levels. In addition to the efforts the principals' payoffs are determined by a random component. It is...
Persistent link: https://www.econbiz.de/10013319706
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
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
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
How malleable are peopleś fairness ideals? Although fairness is an oft-invoked concept in allocation situations, it is … still unclear whether and to what extent peopleś allocations reflect their fairness ideals. We investigate in a laboratory … experiment whether peopleś fairness ideals vary with respect to changes in the order in which they undertake two allocation tasks …
Persistent link: https://www.econbiz.de/10011279775
; (3) perceptions of fairness are prone to the so-called self-serving bias. (4) expectations are often not consistent with …
Persistent link: https://www.econbiz.de/10011539904
Price discrimination has raised numerous public concerns and many regulatory agencies have enacted fairness regulations … of consumers and firms. However, inappropriate fairness regulation may stifle product quality improvement or induce high … heterogeneous market sizes, pursuing price fairness enlarges their profit inequality, and sometimes even leads to the unintended …
Persistent link: https://www.econbiz.de/10013295220
This paper considers the e effcts of a two-period interaction on the decision of a principal to delegate authority to a potentially biased but better informed agent. Compared to the (repeated) one-period case, the agent's first period actions may also signal his type which in turn impacts wages...
Persistent link: https://www.econbiz.de/10009615156
We report on an experiment using video technology to manipulate pre-play communication protocols in the lab and to study purely social effects of communication on donations and discrimination between potential receivers. The experimental design eliminates strategic factors by allowing two...
Persistent link: https://www.econbiz.de/10003980503