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Gill, David - 2015

desert, so desert guilt generates behavior consistent with both positive and negative reciprocity and may underpin social … depending on whether their preferences exhibit desert elation or desert guilt. Our notion of desert generalizes distributional … of a meritocratic notion of desert under which team members care about receiving what they feel they deserve. Team …

Persistent link: https://www.econbiz.de/10013032349

Does the Free Market for Labor Care about Fairness?

Venkatasubramanian, Venkat - 2010

The excessive compensation packages of CEOs of U.S. corporations in recent years have brought the issue of fairness to the foreground in economics. The conventional wisdom is that the free market for labor, which determines the pay packages, cares only about efficiency and not fairness. We...

Persistent link: https://www.econbiz.de/10013147959

Treating Equals Unequally : Incentives in Teams, Workers' Motivation and Production Technology

Goerg, Sebastian J. - 2015

The importance of fair and equal treatment of workers is at the heart of the debate in organizational management. In this regard, we study how reward mechanisms and production technologies affect effort provision in teams. Our experimental results demonstrate that unequal rewards can potentially...

Persistent link: https://www.econbiz.de/10012749898

Awards as Signals

Frey, Bruno S.; Neckermann, Susanne - 2021

Awards are widespread in all countries and are prevalent both in the public sphere and in the private sector. This paper argues, and empirically supports, that awards serve public functions and economists should take them seriously. Using a unique cross-country data set, we suggest that awards...

Persistent link: https://www.econbiz.de/10013316141

Endogenous Leadership : Selection and Influence

Arbak, Emrah; Villeval, Marie Claire - 2021

In social dilemmas, leading a team by making heroic efforts may prove costly, especially if the followers are not adequately motivated to make similar sacrifices. Attempting to understand what motivates these seemingly selfless individuals to lead, we report the results of a two-stage public...

Persistent link: https://www.econbiz.de/10013317130

Effort and Comparison Income : Experimental and Survey Evidence

Clark, Andrew; Masclet, David; Villeval, Marie Claire - 2021

This paper considers the effect of status or relative income on work effort combining experimental evidence from a gift-exchange game with ISSP survey data. We find a consistent negative effect of others' incomes on individual effort in both datasets. The individual's rank in the income...

Persistent link: https://www.econbiz.de/10013317559

Optimal Incentive Contracts Under Inequity Aversion

Englmaier, Florian; Wambach, Achim - 2021

We analyze the Moral Hazard problem, assuming that agents are inequity averse. Our results differ from conventional contract theory and are more in line with empirical findings than standard results. We find: First, inequity aversion alters the structure of optimal contracts. Second, there is a...

Persistent link: https://www.econbiz.de/10013318431

Awards as signals

Frey, Bruno S.; Neckermann, Susanne - 2010

Persistent link: https://www.econbiz.de/10008699735

Awards as Signals

Frey, Bruno S.; Neckermann, Susanne - CESifo - 2010

Persistent link: https://www.econbiz.de/10008727309

Desert and Inequity Aversion in Teams

Gill, David; Stone, Rebecca - 2015

desert, so desert guilt generates behavior consistent with both positive and negative reciprocity and may underpin social … depending on whether preferences exhibit desert elation or desert guilt. Our notion of desert generalizes distributional concern … of a meritocratic notion of desert under which team members care about receiving what they feel they deserve. Team …

Persistent link: https://www.econbiz.de/10014180053