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Download or read book Inequity Aversion and Team Incentives written by and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ferdinand von Siemens
Publisher :
ISBN 13 :
Total Pages : 204 pages
Book Rating : 4.:/5 (181 download)
Download or read book Inequity Aversion and Incentives written by Ferdinand von Siemens and published by . This book was released on 2004 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jenny Kragl
Publisher :
ISBN 13 :
Total Pages : 196 pages
Book Rating : 4.:/5 (68 download)
Download or read book The Impact of Inequity Aversion on Relational Incentive Contracts written by Jenny Kragl and published by . This book was released on 2009 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sabrina Teyssier
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (129 download)
Download or read book Experimental Evidence on Inequity Aversion and Self-Selection Between Incentive Contracts written by Sabrina Teyssier and published by . This book was released on 2011 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reports on the results of an experiment testing whether the agents self-select between a competitive payment scheme and a revenue-sharing scheme depending on their inequity aversion. Average efficiency should be increased when these payment schemes are endogenously chosen by agents. We show that the choice of the competition is negatively affected by disadvantageous inequity aversion and risk aversion. In the second half of the experiment, the effect of individual preferences is indirect through the effect of past results. The self-selection of agents increases the efficiency of the competitive scheme but not that of the revenue-sharing scheme, due to a heterogeneity of behaviors.
Author : Florian Englmaier
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (425 download)
Download or read book Optimal Incentive Contracts Under Inequity Aversion written by Florian Englmaier and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Dominique Demougin
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Inequity Aversion in Tournaments written by Dominique Demougin and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We consider the cost of providing incentives using tournaments when workers are inequity averse and performance evaluation is costly. The principal never benefits from empathy to align incentives in a moral hazard framework between the workers, but he may benefit from their propensity for envy depending on the costs of assessing performance. More envious employees are preferred when the costs are high, less envious ones when they are low.
Author : Bin Guan
Publisher :
ISBN 13 :
Total Pages : 390 pages
Book Rating : 4.:/5 (761 download)
Download or read book Inequality-aversion, Contracts and Incentives written by Bin Guan and published by . This book was released on 2008 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Felix Kölle
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (11 download)
Download or read book Inequality, Inequity Aversion, and the Provision of Public Goods written by Felix Kölle and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate the effects of inequality in wealth on the incentives to contribute to a public good when agents are inequity averse and may differ in ability. We show that equality may lead to a reduction of public good provision below levels generated by purely selfish agents. But introducing inequality motivates more productive agents to exert higher efforts and help the group to coordinate on equilibria with less free-riding. As a result, less able agents may benefit from initially disadvantageous inequality. Moreover, the more inequity averse the agents, the more inequality should be imposed even by an egalitarian social planner.
Author : Mamadou Gueye
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (125 download)
Download or read book Inequality Aversion and the Distribution of Rewards in Organizations written by Mamadou Gueye and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Christian Ewerhart
Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.:/5 (129 download)
Download or read book The Effect of Sunk Costs on the Outcome of Alternating-Offers Bargaining between Inequity-Averse Agents written by Christian Ewerhart and published by . This book was released on 2006 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: When investments are specific to a relationship and contracting possibilities are incomplete, the efficiency of a joint venture may be severely impaired by ex-post opportunistic and hold-up type behavior. How is the logic of this argument affected by inequity aversion? In this paper I show that incentives to invest are stronger with inequity aversion because a higher investment by an individual agent increases not only the total surplus to be divided, but also, generally, the relative share of the surplus obtained by this agent in the ex-post negotiation. In fact, when production is sufficiently profitable and agents are sufficiently patient, then first-best investment levels may be approximated without any contract.
Author : A. Pepper
Publisher : Springer
ISBN 13 : 1137409258
Total Pages : 192 pages
Book Rating : 4.1/5 (374 download)
Download or read book The Economic Psychology of Incentives written by A. Pepper and published by Springer. This book was released on 2015-07-07 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book proposes a revised theory of agency, drawing on ideas from behavioural economics and built on more robust assumptions about human behaviour than the standard principal-agent model. The book proposes new design principles for executive pay, but also explains the difficulties in changing current executive pay practices.
Author : Alexander W. Cappelen
Publisher :
ISBN 13 : 9781848443259
Total Pages : 0 pages
Book Rating : 4.4/5 (432 download)
Download or read book The Economics of Fairness written by Alexander W. Cappelen and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A growing literature in economics has studied how fairness considerations shape human behavior. This research collection comprises forty key theoretical and empirical contributions spanning the last four decades, along with influential related work in normative economics. These papers show that the fairness motive is essential for understanding human behavior in a wide range of settings, such as markets, bargaining, and redistributive situations. They document large heterogeneity in what people view as fair and the importance people attach to fairness, displaying how a concern for fairness develops in childhood and manifests itself in the brain. Together with an original introduction by the editors, this volume will be a valuable research tool for those interested in the fascinating field of the economics of fairness.
Author : Janis E. Jacobs
Publisher : Psychology Press
ISBN 13 : 1135633525
Total Pages : 379 pages
Book Rating : 4.1/5 (356 download)
Download or read book The Development of Judgment and Decision Making in Children and Adolescents written by Janis E. Jacobs and published by Psychology Press. This book was released on 2006-04-21 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, newspaper articles, television specials, and other media events have focused on the numerous hard decisions faced by today's youth, often pointing to teen pregnancy, drug use, and delinquency as evidence of faulty judgment. Over the past 10 years, many groups - including parents, educators, policymakers, and researchers - have become concerned about the decision-making abilities of children and adolescents, asking why they make risky choices, how they can be taught to be better decision makers, and what types of age-related changes occur in decision making. This book serves as a starting point for those interested in considering new ways of thinking about the development of these issues. The purpose is to bring together the voices of several authors who are conducting cutting-edge research and developing new theoretical perspectives related to the development of judgment and decision making. The Development of Judgment and Decision Making in Children and Adolescents is divided into three parts: Part I presents three distinctive developmental models that offer different explanations of "what develops" and the relative importance of different cognitive components and experiential components that may be important for developing judgment and decision making skills. Part II emphasizes the emotional, cultural, and social aspects of decision making--three topics that have been influential in the adult literature on judgment and decision making but are just beginning to be explored in the developmental area. Part III provides three examples of research that applies developmental and decision making models to practical research questions. This book is intended for the professional market or for graduate courses on decision making or cognitive or social development.
Author : Indraneel Dasgupta
Publisher : Springer
ISBN 13 : 9811379440
Total Pages : 220 pages
Book Rating : 4.8/5 (113 download)
Download or read book Deprivation, Inequality and Polarization written by Indraneel Dasgupta and published by Springer. This book was released on 2019-05-22 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a collection of original, state-of-the-art essays addressing various aspects of the economic analysis of inequality, deprivation, poverty measurement and social polarization, at both the theoretical and empirical level. Written by leading authorities in the fields of distributional analysis and normative economics, the respective chapters present detailed overviews of cutting-edge literature, as well as stand-alone research. Compiled as a tribute to Satya Ranjan Chakravarty’s lifetime contributions in the fields of normative economics and distributional analysis, it represents an indispensable resource for researchers, policymakers and doctoral students working on issues pertaining to income/wealth distribution, social inclusion and poverty reduction.
Author : Yoram Amiel
Publisher : Cambridge University Press
ISBN 13 : 9780521466967
Total Pages : 202 pages
Book Rating : 4.4/5 (669 download)
Download or read book Thinking about Inequality written by Yoram Amiel and published by Cambridge University Press. This book was released on 1999-12-09 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: A non-technical analysis of inequality and income distribution, first published in 1999.
Author : Colin F. Camerer
Publisher : Princeton University Press
ISBN 13 : 1400840880
Total Pages : 569 pages
Book Rating : 4.4/5 (8 download)
Download or read book Behavioral Game Theory written by Colin F. Camerer and published by Princeton University Press. This book was released on 2011-09-05 with total page 569 pages. Available in PDF, EPUB and Kindle. Book excerpt: Game theory, the formalized study of strategy, began in the 1940s by asking how emotionless geniuses should play games, but ignored until recently how average people with emotions and limited foresight actually play games. This book marks the first substantial and authoritative effort to close this gap. Colin Camerer, one of the field's leading figures, uses psychological principles and hundreds of experiments to develop mathematical theories of reciprocity, limited strategizing, and learning, which help predict what real people and companies do in strategic situations. Unifying a wealth of information from ongoing studies in strategic behavior, he takes the experimental science of behavioral economics a major step forward. He does so in lucid, friendly prose. Behavioral game theory has three ingredients that come clearly into focus in this book: mathematical theories of how moral obligation and vengeance affect the way people bargain and trust each other; a theory of how limits in the brain constrain the number of steps of "I think he thinks . . ." reasoning people naturally do; and a theory of how people learn from experience to make better strategic decisions. Strategic interactions that can be explained by behavioral game theory include bargaining, games of bluffing as in sports and poker, strikes, how conventions help coordinate a joint activity, price competition and patent races, and building up reputations for trustworthiness or ruthlessness in business or life. While there are many books on standard game theory that address the way ideally rational actors operate, Behavioral Game Theory stands alone in blending experimental evidence and psychology in a mathematical theory of normal strategic behavior. It is must reading for anyone who seeks a more complete understanding of strategic thinking, from professional economists to scholars and students of economics, management studies, psychology, political science, anthropology, and biology.
Author : Zoltán J. Ács
Publisher : Edward Elgar Publishing
ISBN 13 : 178471805X
Total Pages : 669 pages
Book Rating : 4.7/5 (847 download)
Download or read book Global Entrepreneurship, Institutions and Incentives written by Zoltán J. Ács and published by Edward Elgar Publishing. This book was released on 2015-12-18 with total page 669 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents some of Zoltán J. Ács’ most important contributions since the turn of the new millennium, with a particular intellectual focus on knowledge spillover entrepreneurship. It studies the evolution of global entrepreneurship and pays attention to the role of institutions and the incentives they create for economic agents who become either productive or unproductive entrepreneurs. For productive entrepreneurs, those that create wealth for themselves and for society, the author offers a knowledge spillover theory of entrepreneurship as a new way to help understand the entrepreneurial ecosystem. For those that create wealth only for themselves the author develops a theory of destructive entrepreneurship that undermines the entrepreneurial ecosystem. The book also presents an explanation of the role of philanthropy in reconstituting wealth to complete the circuits of capital in the theory of capitalist development. Finally, the author examines several public policy issues including immigration and technology transfer. This volume will be required reading for students and scholars of entrepreneurship, economics and public policy.
