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Social Interaction and Effort in a Success-at-Work Augmented Utility Model

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  • George J. Bratsiotis
  • Baochun Peng

Abstract

This paper examines how success-at-work, interpreted by both subjective and relative criteria, can motivate individuals to enhance their effort and utility. We employ a general specification utility function and show that the final effect of technological growth on individuals’ effort and utility depends, respectively, on the assumptions we make about their nature with regard to their effort strategies (i.e. conformists, deviants or neutrals) and to their utility preferences (i.e. altruistic or envious). We show that these effects are determined largely by individuals’ personal success-consciousness at-work, as well as their competition strategies towards relative success and status.
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  • George J. Bratsiotis & Baochun Peng, 2006. "Social Interaction and Effort in a Success-at-Work Augmented Utility Model," Economics Discussion Paper Series 0643, Economics, The University of Manchester.
    • Handle: RePEc:man:sespap:0643
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    Cited by:

    1. Grajzl, Peter & Baniak, Andrzej, 2012. "Mandating behavioral conformity in social groups with conformist members," Journal of Economic Behavior & Organization, Elsevier, vol. 82(2), pages 479-493.
    2. Xu, Jing, 2022. "Competition and equilibrium effort choice," Journal of Economic Dynamics and Control, Elsevier, vol. 137(C).

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