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There is now an extensive literature on "gift exchange" showing that when principals and agents can trade "gifts" (rewards that should not emerge in a competitive equilibrium), exchange becomes more efficient. However, it is not obvious how gift exchange should be organized if the principal's...
Persistent link: https://www.econbiz.de/10011647476
We study optimal incentive contracts for workers who are reciprocal to management attention. When neither worker …
Persistent link: https://www.econbiz.de/10013147137
between back-transfers and second- order beliefs of the trustor: While reciprocity models predict a negative correlation … studies investigating the reaction of trustees to their beliefs are due to the fact that reciprocity and guilt-aversion are …
Persistent link: https://www.econbiz.de/10011480420
making from the role of outcomes or perceived intentions. The results indicate that positive reciprocity triggered by the …
Persistent link: https://www.econbiz.de/10012954733
important primitives of social capital - trust and reciprocity - which can be used to explain deviations from the Nash …
Persistent link: https://www.econbiz.de/10013325085
activities can crowd out motivation to perform these activities. More recent work highlights nuanced and important features … motivation may not be a concern in many contexts, the substitution of one prosocial activity for another or shifts in activities …
Persistent link: https://www.econbiz.de/10011434072
) incentives could backfire because extrinsic motivation might crowd out intrinsic motivation. Moreover, national differences in … this project, we ran a real effort experiment in Germany and in China. In addition to an extrinsic monetary incentive … subjects, which served as an intrinsic motivation. The results indicate that with respect to activities with a prosocial …
Persistent link: https://www.econbiz.de/10011657557
This paper studies wage structure characteristics and their incentive effects within one firm. Based on personnel … as a wage determinant. We furthermore show that a promotion affects both intrinsic and extrinsic motivation significantly …, though in two different ways: An expected promotion increases extrinsic motivation whereas intrinsic motivation is highest …
Persistent link: https://www.econbiz.de/10011337995
contracts. These remedies are reciprocity, repeated game effects, social embeddedness, and incentive contracts. In our baseline … treatment we find that reciprocity is a powerful contract enforcement device. A second experiment establishes that repeated game … effects interact with reciprocity in a complementary way, i.e., efficiency is increased compared to our baseline. Adding …
Persistent link: https://www.econbiz.de/10014036197
There is ample empirical evidence indicating that a substantial fraction of the population exhibits social preferences. Recent work also shows that social preferences influence the effectiveness of incentives in labor relations. Hence when making contracting decisions, employers should take into...
Persistent link: https://www.econbiz.de/10009375713