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Falk, Armin - In: IZA World of Labor (2014)

How do firms motivate their employees to be productive? The conventional wisdom is that workers respond to monetary incentives—"Pay them more and they will work harder." However, a large and growing body of empirical evidence from laboratory and field experiments, surveys, and observational...

Persistent link: https://www.econbiz.de/10011404832

Does informational equivalence preserve strategic behavior? Experimental results on Trockel's model of Selten's chain store story

Duman, Papatya - In: Games 11 (2020) 1, pp. 1-24

The purpose of this study is to experimentally test Trockel's game, which is a modelling of the classical Chain Store Game (CSG), and determine whether one of the two theories of Equality and Deterrence may better account for the observed behavior. The CSG is an example of a simple game in...

Persistent link: https://www.econbiz.de/10012227802

Maximal revenue with multiple goods: nonmonotonicity and other observations

Reny, Philip J.; Hart, Sergiu - In: Theoretical Economics 10 (2015) 3, pp. 893-922

Consider the problem of maximizing the revenue from selling a number of goods to a single buyer. We show that, unlike the case of one good, when the buyer's values for the goods increase the seller's maximal revenue may well decrease. We then identify two circumstances where monotonicity does...

Persistent link: https://www.econbiz.de/10011599558

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

hindering information exchange. Using a repeated investment game, we analyze the effects of competition and transfer costs on …, competition costs represent an indirect cost that arises when the transfer of valuable information to competitors comes at the … information about others significantly improves trust and market efficiency, both competition and direct transfer costs diminish …

Persistent link: https://www.econbiz.de/10014503988

Market concentration and producer prices

Torun, Huzeyfe; Yassa, Ahmet Duhan - In: Central Bank Review (CBR) 23 (2023) 1, pp. 1-14

prices (D-PPI) in Türkiye. We start by reporting the fact that industries with intense competition had lower producer price … inflation compared to industries with low-competition in the past few years. Further investigation shows that this … differentiation across industries corresponds to the years with higher exchange rate volatility. The industries characterized with low-competition …

Persistent link: https://www.econbiz.de/10014547758

On the Social Structure of Markets

Jackson, William A. - In: Cambridge Journal of Economics 31 (2007) 2, pp. 235-253

Economic theorists have seldom discussed the social structures behind markets, even though market trading relies heavily on seller/buyer roles and personal relations among traders. This paper considers the structural basis of markets and proposes a layered approach which accommodates a wide...

Persistent link: https://www.econbiz.de/10014429242

Alternative dispute resolution

Dickinson, David L. - In: IZA World of Labor (2014)

Alternative dispute resolution procedures such as arbitration and mediation are the most common methods for resolving wage, contract, and grievance disputes, but they lead to varying levels of success and acceptability of the outcome depending on their design. Some innovative procedures, not yet...

Persistent link: https://www.econbiz.de/10011404899

A classroom game to teach the principles of money and banking

Hoffer, Adam - In: Cogent Economics & Finance 3 (2015) 1, pp. 1-13

This paper describes how to implement and run a game for teaching the principles of money and banking to an undergraduate economics class. The game primarily deals with the market for loanable funds, but numerous extensions are provided to cover topics such as monetary policy, the tools of the...

Persistent link: https://www.econbiz.de/10011559177

Employee incentives: Bonuses or penalties?

Nosenzo, Daniele - In: IZA World of Labor (2016)

Firms regularly use incentives to motivate their employees to be more productive. However, often little attention is paid to the language used in employment contracts to describe these incentives. It may be more effective to present incentives as entitlements that can be lost by failing to reach...

Persistent link: https://www.econbiz.de/10011573624

Are happy workers more productive?

Proto, Eugenio - In: IZA World of Labor (2016)

Recently, large companies like Google have made substantial investments in the well-being of their workers. While evidence shows that better performing companies have happier employees, there has been much less research on whether happy employees contribute to better company performance. Finding...

Persistent link: https://www.econbiz.de/10011573704

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