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This paper studies the interplay between economic incentives and social norms in firms. We introduce a general … also show how social norms can induce multiplicity of equilibria and how steeper economic incentives can reduce effort …. -- social norms ; incentives ; contracts …
Persistent link: https://www.econbiz.de/10009154576
the interaction between norms and economic incentives. …
Persistent link: https://www.econbiz.de/10010482983
Persistent link: https://www.econbiz.de/10009685107
This paper studies the interplay between economic incentives and social norms in firms. We introduce a general … also show how social norms can induce multiplicity of equilibria and how steeper economic incentives can reduce effort …
Persistent link: https://www.econbiz.de/10013136669
Persistent link: https://www.econbiz.de/10013162447
We investigate whether social capital influences the use and effectiveness of tournament structure of compensation. We find that pay differentials between the CEO and other executives, or tournament, are lower in U.S. counties with higher social capital. In addition, lower pay differentials are...
Persistent link: https://www.econbiz.de/10012840326
We study how social evaluation affects conformity and anticonformity in theory and in an experiment. In theory, we show … that negative social evaluation, i.e., potential punishment, creates incentives for conformity. Positive social evaluation …, i.e., potential reward, creates incentives for anticonformity. In a laboratory experiment, we investigate the effect of …
Persistent link: https://www.econbiz.de/10013244843
Persistent link: https://www.econbiz.de/10011701668
Persistent link: https://www.econbiz.de/10012003051
Persistent link: https://www.econbiz.de/10014369428