Principal’s distributive preferences and the incentivization of agents
Author
Abstract
Suggested Citation
DOI: 10.1007/s10683-023-09791-0
Note: View the original document on HAL open archive server: https://hal.science/hal-04347515
Download full text from publisher
References listed on IDEAS
- Englmaier, Florian & Muehlheusser, Gerd & Roider, Andreas, 2010.
"Optimal Incentive Contracts under Moral Hazard When the Agent is Free to Leave,"
Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems
329, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Muehlheusser, Gerd & Roider, Andreas & Englmaier, Florian, 2010. "Optimal Incentive Contracts under Moral Hazard When the Agent is Free to Leave," CEPR Discussion Papers 7914, C.E.P.R. Discussion Papers.
- Englmaier, Florian & Muehlheusser, Gerd & Roider, Andreas, 2010. "Optimal Incentive Contracts under Moral Hazard When the Agent Is Free to Leave," IZA Discussion Papers 5027, Institute of Labor Economics (IZA).
- Ernst Fehr & Georg Kirchsteiger & Arno Riedl, 1993.
"Does Fairness Prevent Market Clearing? An Experimental Investigation,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(2), pages 437-459.
- Ernst Fehr & Georg Kirchsteiger & Arno Riedl, 1993. "Does Fairness Prevent Market Clearing? An Experimental Investigation," ULB Institutional Repository 2013/5927, ULB -- Universite Libre de Bruxelles.
- Dirk Engelmann & Martin Strobel, 2007. "Preferences over Income Distributions," Public Finance Review, , vol. 35(2), pages 285-310, March.
- Balafoutas, Loukas & Kocher, Martin G. & Putterman, Louis & Sutter, Matthias, 2013.
"Equality, equity and incentives: An experiment,"
European Economic Review, Elsevier, vol. 60(C), pages 32-51.
- Loukas Balafoutas & Martin G. Kocher & Louis Putterman & Matthias Sutter, 2010. "Equality, Equity and Incentives: An Experiment," Working Papers 2010-26, Faculty of Economics and Statistics, Universität Innsbruck.
- Balafoutas, Loukas & Kocher, Martin G. & Putterman, Louis & Sutter, Matthias, 2013. "Equality, Equity and Incentives: An Experiment," Munich Reprints in Economics 18172, University of Munich, Department of Economics.
- Loukas Dalafoutas & Martin G. Kocher & Louis Putterman & Matthias Sutter, 2010. "Equality, Equity and Incentives: An Experiment," Working Papers 2010-13, Brown University, Department of Economics.
- Loukas Balafoutas & Martin G. Kocher & Louis Putterman & Matthias Sutter, 2010. "Equality, equity, and incentives: An experiment," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 10-13, School of Economics, University of East Anglia, Norwich, UK..
- Balafoutas, Loukas & Kocher, Martin G. & Putterman, Louis & Sutter, Matthias, 2010. "Equality, Equity and Incentives: An Experiment," IZA Discussion Papers 5204, Institute of Labor Economics (IZA).
- Ben Greiner, 2015. "Subject pool recruitment procedures: organizing experiments with ORSEE," Journal of the Economic Science Association, Springer;Economic Science Association, vol. 1(1), pages 114-125, July.
- Andrew E. Clark & David Masclet & Marie Claire Villeval, 2010.
"Effort and Comparison Income: Experimental and Survey Evidence,"
ILR Review, Cornell University, ILR School, vol. 63(3), pages 407-426, April.
- Clark, Andrew E. & Masclet, David & Villeval, Marie Claire, 2006. "Effort and Comparison Income: Experimental and Survey Evidence," IZA Discussion Papers 2169, Institute of Labor Economics (IZA).
- Clark, Andrew E. & Masclet, David & Villeval, Marie-Claire, 2008. "Effort and comparison income: experimental and survey evidence," LSE Research Online Documents on Economics 28502, London School of Economics and Political Science, LSE Library.
- Andrew E. Clark & David Masclet & Marie-Claire Villeval, 2008. "Effort and Comparison Income: Experimental and Survey Evidence," CEP Discussion Papers dp0886, Centre for Economic Performance, LSE.
- Andrew E. Clark & David Masclet & Marie Claire Villeval, 2010. "Effort and comparison income: experimental and survey evidence," PSE-Ecole d'économie de Paris (Postprint) halshs-00459777, HAL.
- Andrew E. Clark & David Masclet & Marie Claire Villeval, 2010. "Effort and comparison income: experimental and survey evidence," Post-Print halshs-00459777, HAL.
- Englmaier, Florian & Wambach, Achim, 2010.
"Optimal incentive contracts under inequity aversion,"
Games and Economic Behavior, Elsevier, vol. 69(2), pages 312-328, July.
- Englmaier, Florian & Wambach, Achim, 2005. "Optimal Incentive Contracts under Inequity Aversion," IZA Discussion Papers 1643, Institute of Labor Economics (IZA).
- Englmaier, Florian & Wambach, Achim, 2010. "Optimal incentive contracts under inequity aversion," Munich Reprints in Economics 22027, University of Munich, Department of Economics.
- Alekseev, Aleksandr & Charness, Gary & Gneezy, Uri, 2017. "Experimental methods: When and why contextual instructions are important," Journal of Economic Behavior & Organization, Elsevier, vol. 134(C), pages 48-59.
- Bartling, Björn & von Siemens, Ferdinand A., 2010.
"The intensity of incentives in firms and markets: Moral hazard with envious agents,"
Labour Economics, Elsevier, vol. 17(3), pages 598-607, June.
- Bartling, Björn & Siemens, Ferdinand von, 2006. "The Intensity of Incentives in Firms and Markets: Moral Hazard with Envious Agents," Discussion Papers in Economics 913, University of Munich, Department of Economics.
- Bartling, Björn & Siemens, Ferdinand von, 2006. "The Intensity of Incentives in Firms and Markets: Moral Hazard with Envious Agents," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 115, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Johannes Abeler & Steffen Altmann & Sebastian Kube & Matthias Wibral, 2010.
"Gift Exchange and Workers' Fairness Concerns: When Equality is Unfair,"
Journal of the European Economic Association, MIT Press, vol. 8(6), pages 1299-1324, December.
- Abeler, Johannes & Altmann, Steffen & Kube, Sebastian & Wibral, Matthias, 2009. "Gift Exchange and Workers' Fairness Concerns: When Equality Is Unfair," IZA Discussion Papers 4262, Institute of Labor Economics (IZA).
- Johannes Abeler & Stefen Altmann & Sebastian Kube & Matthias Wibral, 2009. "Gift Exchange and Workers' Fairness Concerns - When Equality Is Unfair," Discussion Papers 2009-11, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- Eisenkopf, Gerald & Fischbacher, Urs & Föllmi-Heusi, Franziska, 2013.
"Unequal opportunities and distributive justice,"
Journal of Economic Behavior & Organization, Elsevier, vol. 93(C), pages 51-61.
- Urs Fischbacher & Gerald Eisenkopf & Franziska F�llmi-Heusi, 2010. "Unequal Opportunities and Distributive Justice," TWI Research Paper Series 57, Thurgauer Wirtschaftsinstitut, Universität Konstanz.
- Gerald Eisenkopf & Urs Fischbacher & Franziska Föllmi-Heusi, 2011. "Unequal Opportunities and Distributive Justice," Working Paper Series of the Department of Economics, University of Konstanz 2011-11, Department of Economics, University of Konstanz.
- Ernst Fehr & John A. List, 2004.
"The Hidden Costs and Returns of Incentives-Trust and Trustworthiness Among CEOs,"
Journal of the European Economic Association, MIT Press, vol. 2(5), pages 743-771, September.
- E. Fehr & John A. List, "undated". "The Hidden Costs and Returns of Incentives - Trust and Trustworthiness among CEOs," IEW - Working Papers 134, Institute for Empirical Research in Economics - University of Zurich.
- Ernst Fehr & John List, 2004. "The hidden costs and returns of incentives - trust and trustworthiness among ceos," Artefactual Field Experiments 00044, The Field Experiments Website.
- Ernst Fehr & John A. List, 2004. "THE HIDDEN COSTS AND RETURNS OF INCENTIVES — TRUST AND TRUSTWORTHINESS AMONG CEOs," Labor and Demography 0409012, University Library of Munich, Germany.
- Oriana Bandiera & Iwan Barankay & Imran Rasul, 2007.
"Incentives for Managers and Inequality among Workers: Evidence from a Firm-Level Experiment,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 122(2), pages 729-773.
- Orana Bandiera & Iwan Barankay & Imran Rasul, 2006. "Incentives for managers and inequality among workers: Evidence from a firm level experiment," Natural Field Experiments 00213, The Field Experiments Website.
- Bandiera, Oriana & Barankay, Iwan & Rasul, Imran, 2006. "Incentives for Managers and Inequality Among Workers: Evidence from a Firm Level Experiment," IZA Discussion Papers 2062, Institute of Labor Economics (IZA).
- Bandiera, Oriana & Barankay, Iwan & Rasul, Imran, 2006. "Incentives for Managers and Inequality Among Workers: Evidence from a Firm Level Experiment," CEPR Discussion Papers 5649, C.E.P.R. Discussion Papers.
- Antonio Cabrales & Raffaele Miniaci & Marco Piovesan & Giovanni Ponti, 2010.
"Social Preferences and Strategic Uncertainty: An Experiment on Markets and Contracts,"
American Economic Review, American Economic Association, vol. 100(5), pages 2261-2278, December.
- Antonio Cabrales & Raffaele Miniaci & Marco Piovesan & Giovanni Ponti, 2008. "Social Preferences and Strategic Uncertainty: An Experiment on Markets and Contracts," Discussion Papers 08-06, University of Copenhagen. Department of Economics.
- Antonio Cabrales & Raffaele Miniaci & Marco Piovesan & Giovanni Ponti, 2009. "Social Preferences and Strategic Uncertainty: An Experiment on Markets and Contracts," Working Papers 2009-09, FEDEA.
- James Konow, 2000. "Fair Shares: Accountability and Cognitive Dissonance in Allocation Decisions," American Economic Review, American Economic Association, vol. 90(4), pages 1072-1091, September.
- Brandts, Jordi & Ortiz, José M. & Solà Belda, Carles, 2019. "Distributional Concerns in Managers’ Compensation Schemes for Heterogeneous Workers: Experimental Evidence," Review of Behavioral Economics, now publishers, vol. 6(3), pages 193–218-1, August.
- David J. Cooper, 1999.
"Gaming against Managers in Incentive Systems: Experimental Results with Chinese Students and Chinese Managers,"
American Economic Review, American Economic Association, vol. 89(4), pages 781-804, September.
- David Cooper & John Kagel & Qing Liang Gu & Wei Lo, 1999. "Gaming against managers in incentive systems: Experimental results with chinese students and chinese managers," Artefactual Field Experiments 00038, The Field Experiments Website.
- Nickolas Gagnon & Kristof Bosmans & Arno Riedl, 2020.
"The Effect of Unfair Chances and Gender Discrimination on Labor Supply,"
CESifo Working Paper Series
8058, CESifo.
- Gagnon, Nickolas & Bosmans, Kristof & Riedl, Arno, 2020. "The Effect of Unfair Chances and Gender Discrimination on Labor Supply," Research Memorandum 005, Maastricht University, Graduate School of Business and Economics (GSBE).
- Gagnon, Nickolas & Bosmans, Kristof & Riedl, Arno, 2020. "The Effect of Unfair Chances and Gender Discrimination on Labor Supply," IZA Discussion Papers 12912, Institute of Labor Economics (IZA).
- Botond Köszegi, 2014. "Behavioral Contract Theory," Journal of Economic Literature, American Economic Association, vol. 52(4), pages 1075-1118, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Sophie Cêtre & Max Lobeck, 2023. "Principal’s distributive preferences and the incentivization of agents," Experimental Economics, Springer;Economic Science Association, vol. 26(3), pages 646-672, July.
- Bejarano, Hernán & Corgnet, Brice & Gómez-Miñambres, Joaquín, 2021. "Economic stability promotes gift-exchange in the workplace," Journal of Economic Behavior & Organization, Elsevier, vol. 187(C), pages 374-398.
- Livio, Luca & De Chiara, Alessandro, 2019.
"Friends or foes? Optimal incentives for reciprocal agents,"
Journal of Economic Behavior & Organization, Elsevier, vol. 167(C), pages 245-278.
- Luca Livio, 2018. "Friends or Foes? Optimal Incentives for Reciprocal Agents," Working Papers ECARES 2018-03, ULB -- Universite Libre de Bruxelles.
- Charness, Gary & Kuhn, Peter, 2011.
"Lab Labor: What Can Labor Economists Learn from the Lab?,"
Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 3, pages 229-330,
Elsevier.
- Charness, Gary & Kuhn, Peter J., 2010. "Lab Labor: What Can Labor Economists Learn from the Lab?," IZA Discussion Papers 4941, Institute of Labor Economics (IZA).
- Gary Charness & Peter J. Kuhn, 2010. "Lab Labor: What Can Labor Economists Learn from the Lab?," NBER Working Papers 15913, National Bureau of Economic Research, Inc.
- Contreras Oscar F. & Giorgio Zanarone, 2018. "Managing Social Comparison Costs in Organizations," Working Papers 2018-25, Banco de México.
- Dohmen, Thomas, 2014.
"Behavioral labor economics: Advances and future directions,"
Labour Economics, Elsevier, vol. 30(C), pages 71-85.
- Dohmen, Thomas, 2014. "Behavioural Labour Economics: Advances and Future Directions," IZA Discussion Papers 8263, Institute of Labor Economics (IZA).
- Deffains, Bruno & Espinosa, Romain & Thöni, Christian, 2016.
"Political self-serving bias and redistribution,"
Journal of Public Economics, Elsevier, vol. 134(C), pages 67-74.
- Bruno Deffains & Romain Espinosa & Christian Thoeni, 2015. "Political Self-Serving Bias and Redistribution," Discussion Papers 2015-22, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- Bruno Deffains & Romain Espinosa & Christian Thöni, 2016. "Political self-serving bias and redistribution," Post-Print halshs-01634208, HAL.
- Felix Kölle & Dirk Sliwka & Nannan Zhou, 2016. "Heterogeneity, inequity aversion, and group performance," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 46(2), pages 263-286, February.
- Mamadou L Gueye & Nicolas Quérou & Raphaël Soubeyran, 2021.
"Inequality Aversion and the Distribution of Rewards in Organizations,"
Working Papers
hal-03134262, HAL.
- Mamadou L Gueye & Nicolas Quérou & Raphaël Soubeyran, 2021. "Inequality Aversion and the Distribution of Rewards in Organizations," CEE-M Working Papers hal-03134262, CEE-M, Universtiy of Montpellier, CNRS, INRA, Montpellier SupAgro.
- Cardella, Eric & Roomets, Alex, 2022. "Pay distribution preferences and productivity effects: An experiment," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 96(C).
- Simon Gächter & Lingbo Huang & Martin Sefton, 2016.
"Combining “real effort” with induced effort costs: the ball-catching task,"
Experimental Economics, Springer;Economic Science Association, vol. 19(4), pages 687-712, December.
- Simon Gaechter & Lingbo Huang & Martin Sefton, 2015. "Combining "Real Effort" with Induced Effort Costs: The Ball-Catching Task," CESifo Working Paper Series 5345, CESifo.
- Simon Gaechter & Lingbo Huang & Martin Sefton, 2015. "Combining "Real Effort" with Induced Effort Costs: The Ball-Catching Task," Discussion Papers 2015-08, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- Gary Charness & Ramón Cobo-Reyes & Juan A. Lacomba & Francisco Lagos & Jose Maria Perez, 2016.
"Social comparisons in wage delegation: experimental evidence,"
Experimental Economics, Springer;Economic Science Association, vol. 19(2), pages 433-459, June.
- Charness, Gary & Cobo-Reyes, Ramón & Lacomba, Juan A. & Lagos, Francisco Miguel & Pérez, José María, 2013. "Social Comparisons in Wage Delegation: Experimental Evidence," IZA Discussion Papers 7802, Institute of Labor Economics (IZA).
- Charness, Gary & Cobo-Reyes, Ramon & Lacomba, Juan A & Lagos, Francisco & Perez, Jose M, 2013. "Social comparisons in wage delegation: Experimental evidence," University of California at Santa Barbara, Economics Working Paper Series qt8j55h1xj, Department of Economics, UC Santa Barbara.
- Hopp, Daniel & Süß, Karolin, 2024. "How altruistic is indirect reciprocity? — Evidence from gift-exchange games in the lab," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 108(C).
- Duersch, Peter & Oechssler, Jörg & Vadovic, Radovan, 2012.
"Sick pay provision in experimental labor markets,"
European Economic Review, Elsevier, vol. 56(1), pages 1-19.
- Dürsch, Peter & Oechssler, Jörg & Vadovic, Radovan, 2008. "Sick Pay Provision in Experimental Labor Markets," Sonderforschungsbereich 504 Publications 08-14, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Dürsch, Peter & Oechssler, Jörg & Vadovic, Radovan, 2008. "Sick Pay Provision in Experimental Labor Markets," Papers 08-14, Sonderforschungsbreich 504.
- Werner, Peter, 2024. "On common evaluation standards and the acceptance of wage inequality," Games and Economic Behavior, Elsevier, vol. 145(C), pages 137-156.
- Ahrens, Steffen & Bosch-Rosa, Ciril, 2023. "Motivated beliefs, social preferences, and limited liability in financial decision-Making," Journal of Banking & Finance, Elsevier, vol. 154(C).
- Kampkötter, Patrick & Sliwka, Dirk, 2011. "Differentiation and Performance: An Empirical Investigation on the Incentive Effects of Bonus Plans," IZA Discussion Papers 6070, Institute of Labor Economics (IZA).
- Bierbrauer, Felix & Netzer, Nick, 2016.
"Mechanism design and intentions,"
Journal of Economic Theory, Elsevier, vol. 163(C), pages 557-603.
- Felix Bierbrauer & Nick Netzer, 2012. "Mechanism Design and Intentions," Working Paper Series in Economics 53, University of Cologne, Department of Economics, revised 21 Aug 2012.
- Felix Bierbrauer & Nick Netzer, 2012. "Mechanism design and intentions," ECON - Working Papers 066, Department of Economics - University of Zurich, revised Apr 2014.
- Felix Bierbrauer & Nick Netzer, 2016. "Mechanism Design and Intentions," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2016_04, Max Planck Institute for Research on Collective Goods.
- Gary Charness & David Masclet & Marie Claire Villeval, 2014.
"The Dark Side of Competition for Status,"
Management Science, INFORMS, vol. 60(1), pages 38-55, January.
- Charness, Gary & Masclet, David & Villeval, Marie Claire, 2012. "The Dark Side of Competition for Status," University of California at Santa Barbara, Economics Working Paper Series qt1vr4g446, Department of Economics, UC Santa Barbara.
- Gary Charness & David Masclet & Marie Claire Villeval, 2014. "The Dark Side of Competition for Status," Working Papers 1431, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- Gary Charness & David Masclet & Marie Claire Villeval, 2014. "The Dark Side of Competition for Status," Post-Print halshs-00799499, HAL.
- Charness, Gary & Masclet, David & Villeval, Marie Claire, 2013. "The Dark Side of Competition for Status," University of California at Santa Barbara, Economics Working Paper Series qt3858888w, Department of Economics, UC Santa Barbara.
- Marie Claire Villeval, 2012. "The Dark Side of Competition for Status," Post-Print halshs-00756045, HAL.
- Cobo-Reyes, Ramón & Lacomba, Juan A. & Lagos, Francisco & Levin, Dan, 2017. "The effect of production technology on trust and reciprocity in principal-agent relationships with team production," Journal of Economic Behavior & Organization, Elsevier, vol. 137(C), pages 324-338.
More about this item
Keywords
Fairness; Distributive preferences; Principal-agent; Social preferences;All these keywords.
NEP fields
This paper has been announced in the following NEP Reports:- NEP-EXP-2024-01-29 (Experimental Economics)
- NEP-HRM-2024-01-29 (Human Capital and Human Resource Management)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-04347515. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.