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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

Reciprocity, self-interest and reputation: debt vs equity contracts

Shah, Syed Munawar; Mariani Abdul Majid - In: Islamic economic studies 27 (2019) 1, pp. 53-64

have a decisive impact on the actual and optimal choices in the reciprocity-based contracts. The principal pays higher … salaries in the bonus contract as compared to an incentive contract. Originality/value The study contributes to the behavioral … economic literature in the following dimensions. The existing literature on lab experiments considers a bonus contract as …

Persistent link: https://www.econbiz.de/10012182130

Optimal contracting with altruism and reciprocity

Bassi, Matteo; Pagnozzi, Marco; Piccolo, Salvatore - In: Research in economics : an international review of economics 68 (2014) 1, pp. 27-38

Persistent link: https://www.econbiz.de/10010465753

Fairness, incentives and contractual incompleteness

Fehr, Ernst; Klein, Alexander; Schmidt, Klaus M. - 2001

We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral hazard context. Incentive contracts that are optimal when there are only selfish actors become inferior when some agents are concerned about fairness. Conversely, contracts that...

Persistent link: https://www.econbiz.de/10011398105

Gain versus loss contracts : does contract framing affect agents' reciprocity?

Bieberstein, Frauke von; Essl, Andrea; Friedrich, Kathrin - In: Economics letters 187 (2020), pp. 1-4

Persistent link: https://www.econbiz.de/10012504311

Monitoring and pay : an experiment on contract design with endogenous monitoring ; conference paper

Dittrich, Dennis; Kocher, Martin - 2014 - Preprint submitted to Draft

We implement a laboratory experiment in which a principal has to decide on monitoring intensity and pay to investigate … be complements. The between-treatment variation in our experiment is qualitatively in line with the normative prediction … pay for the principal to only rely on the reciprocity of his agents. …

Persistent link: https://www.econbiz.de/10010489889

More than the money : payoff-irrelevant terms in relational contracts

Goerg, Sebastian J.; Ziółkowska, Monika - 2018

We investigate how payoff-irrelevant terms can negatively impact relational contracts. In a lab experiment we compare … two economically equivalent contracts - a fixed-term renewable and an open-ended at-will contract. Each contract provides … partners with full flexibility regarding the length and termination of their interaction. When only one contract type is …

Persistent link: https://www.econbiz.de/10011893426

A comparison of milestone-based and buyout options contracts for coordinating R&D partnerships

Bhattacharya, Shantanu; Gaba, Vibha; Hasija, Sameer - In: Management science : journal of the Institute for … 61 (2015) 5, pp. 963-978

Persistent link: https://www.econbiz.de/10011284889

Joint product improvement by client and customer support center : the role of gain-share contracts in coordination

Bhattacharya, Shantanu; Gupta, Alok; Hasija, Sameer - In: Information systems research : ISR 25 (2014) 1, pp. 137-151

Persistent link: https://www.econbiz.de/10010355234

Fairness and contract design

Fehr, Ernst; Klein, Alexander; Schmidt, Klaus M. - 2005 - This version: November 5, 2005

, which offer important new insights into the interaction of contract choices, fairness and incentives. …

Persistent link: https://www.econbiz.de/10010371080

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