Konferenzbeitrag
Pooling hawks and doves: Interim-efficient labor contracts for other-regarding agents
Behavioral contract theory typically argues that agents who differ in their intrinsic motivations to collaborate or to compete would be screened by principals or self-sort in labor market equilibrium. This view contrasts with the empirical observation that workers' perceived support from coworkers is a key factor for labor turnover. The present study considers a principal-multiple agents model with independent efforts. Agents are privately informed about their more or less pronounced altruistic (spiteful) preferences. It is shown that the interim-efficient labor contract is a pooling contract that ex interim Pareto-dominates any allocation that could be achieved under complete information. Hence, all parties prefer the composition of social types to be random. The distributive effects of interim-efficient contracting are closely related to the hawk-dove game, with workers suffering from less altruistic coworkers. The results indicate that corporate culture has a random component associated with workers' intrinsic motivations to collaborate or to compete.
- Language
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Englisch
- Bibliographic citation
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Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2016: Demographischer Wandel - Session: Corporate Governance ; No. A11-V1
- Classification
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Wirtschaft
Asymmetric and Private Information; Mechanism Design
Economics of Contract: Theory
Personnel Economics: General
- Event
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Geistige Schöpfung
- (who)
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Daske, Thomas
- Event
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Veröffentlichung
- (who)
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- (where)
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Kiel und Hamburg
- (when)
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2016
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Konferenzbeitrag
Associated
- Daske, Thomas
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Time of origin
- 2016