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intent, that can cause incentives to fail. Using an experiment that provides the material circumstances necessary for …Empirical studies of the principal-agent relationship find that extrinsic incentives work in many instances, linking … drive to work to master a skill or to improve one's self image, is thought to be the key to whether incentives work or not …
Persistent link: https://www.econbiz.de/10009771729
Economic theory predicts that agents will work harder if they believe in the "mission" of the organization. Well … real effort experiment with participants who work directly for organizations with clear missions. Weeks before the … experiment, we survey potential participants for their organizational preferences. At the experiment, we randomly assign workers …
Persistent link: https://www.econbiz.de/10010125806
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
In the reported experiment different payment schemes are examined on theirincentive effects. Payment based on …
Persistent link: https://www.econbiz.de/10010533205
We utilize a laboratory experiment to compare effort provision under optimal tournament contracts with different … tournament contract incorporating both incentives at the top and at the bottom induces the highest effort, especially in larger …
Persistent link: https://www.econbiz.de/10011337036
the theoretical benchmark with behavior observed in a one-shot experiment. …
Persistent link: https://www.econbiz.de/10011997551
and punishment. We test the model s predictions in a laboratory experiment and find that the combination of reward and … reinforcement learning. …
Persistent link: https://www.econbiz.de/10010340563
We study a dynamic variant of the die-under-the-cup task where players can repeatedly misreport the outcomes of consecutive die rolls to earn more money, either under a non-competitive piece rate scheme or in a two-player competitive tournament. In this dynamic setting we test (i) whether giving...
Persistent link: https://www.econbiz.de/10012390889
Persistent link: https://www.econbiz.de/10012118541
In the reported experiment different payment schemes are examined on their incentive effects. Payment based on …
Persistent link: https://www.econbiz.de/10009781547