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
Englisch

Bibliographic citation
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2016: Demographischer Wandel - Session: Corporate Governance ; No. A11-V1

Classification
Wirtschaft
Asymmetric and Private Information; Mechanism Design
Economics of Contract: Theory
Personnel Economics: General

Event
Geistige Schöpfung
(who)
Daske, Thomas
Event
Veröffentlichung
(who)
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
(where)
Kiel und Hamburg
(when)
2016

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Konferenzbeitrag

Associated

  • Daske, Thomas
  • ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft

Time of origin

  • 2016

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