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In this paper, we investigate whether dynamic incentive schemes lead to a ratchet effect in a social dilemma. We test whether subjects strategically restrict their contribution levels at the beginning of a cumulative public goods game in order to avoid high obligations in the future and how this...
Persistent link: https://www.econbiz.de/10012196294
rationality can affect effort provision, by shrouding attributes of the incentives. In our setting, complexity leads workers to …
Persistent link: https://www.econbiz.de/10014311541
rationality can affect effort provision, by shrouding attributes of the incentives. In our setting, complexity leads workers to …
Persistent link: https://www.econbiz.de/10014309731
Persistent link: https://www.econbiz.de/10014469912
Recent work in experimental economics on the effectiveness of rewards and punishments for promoting cooperation mainly examines decentralized incentive systems where all group members can reward and/or punish one another. Many self-organizing groups and societies, however, concentrate the power...
Persistent link: https://www.econbiz.de/10009578208
prediction in a lab experiment allowing us to cleanly separate the selection effect from other effects of low incentives. Results …We study, theoretically and empirically, the effects of incentives on the self-selection and coordination of motivated …). Agents differ in their motivation to exert social effort. Our model predicts that lowering incentives for selfish effort in …
Persistent link: https://www.econbiz.de/10013217557
We conduct a field experiment among 189 stores of a retail chain to study dynamic incentive effects of relative … performance of the treatment stores. As predicted by theory, we find that treatment stores that lag far behind do not respond to … the incentives, while the responsiveness of treatment stores close to winning a bonus increases in relative performance …
Persistent link: https://www.econbiz.de/10010196033
Persistent link: https://www.econbiz.de/10010481288
performance of the treatment stores. As predicted by theory, treatment stores that lag far behind do not respond to the incentives …We conduct a field experiment among 189 stores of a retail chain to study dynamic incentive effects of relative …
Persistent link: https://www.econbiz.de/10011382591
prior performance. We test this hypothesis in a lab experiment with two stages of a real effort task. Participants first … work individually without monetary incentives and are then assigned to teams of two where compensation is based on team …% higher first stage effort than random matching. In line with the theory the latter result is more pronounced when the task …
Persistent link: https://www.econbiz.de/10011594146