Whether incentive contracts perform better than trust in terms of productive efficiency is usually explored by … theoretic prediction, we find that (mutual) trust is as good as incentive contracts in inducing costly actions by employees …

Many experimental studies report evidence of fairness in bargaining games. More recently fairness and its consequences …. However, in most organizations, there are usually many agents in one layer of a firm's hierarchy. Consequently, fairness … considerations may be based on a comparison between layers (vertical fairness) as well as within a layer (horizontal fairness). In …

registered for the experiment, differ in their behavior. Subjects play four one-shot, two-player games: a trust game, a beauty … preferences. We find few significant differences. In the trust game, experienced subjects are less trustworthy and they also trust …