Fairness, incentives, and contractual choices

European Economic Review

Volumn 44, Issue 4-6, 2000, Pages 1057-1068

  Fehr, Ernst ^a   Schmidt, Klaus M ^b  

^a UNIVERSITY OF ZURICH   (Switzerland)

^b UNIVERSITY OF MUNICH   (Germany)

Author keywords

Fairness; Incentives; Incomplete contracts; Reciprocity

Indexed keywords

DECISION MAKING; WAGE DETERMINATION;

EID: 0034095759     PISSN: 00142921     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0014-2921(99)00046-X     Document Type: Conference Paper

References (12)

1. Agell J., Lundberg P. Theories of pay and unemployment: Survey evidence from Swedish manufacturing firms. Scandinavian Journal of Economics. 97:1995;295-308.
2. Bewley T. A depressed labor market as explained by participants. American Economic Review, Papers and Proceedings. 85:1995;250-254.
3. Bolton, G.E., Ockenfels, A., 2000. A theory of equity, reciprocity and competition. American Economic Review, in press.
4. Clark A.E., Oswald A.J. Satisfaction and comparison income. Journal of Public Economics. 61:1996;359-381.
5. Dufwenberg, M., Kirchsteiger, G., 1998. A theory of sequential reciprocity. Discussion Paper. CentER, Tilburg University.
6. Falk, A., Fischbacher, U., 1998. A theory of reciprocity. Discussion Paper. University of Zürich.
7. Fehr E., Gächter G., Kirchsteiger G. Reciprocity as a contract enforcement device. Econometrica. 65:1997;833-860.
8. Fehr E., Schmidt K.M. A theory of fairness, competition and cooperation. Quarterly Journal of Economics. 114:1999;817-868.
9. Fehr, E., Klein, A., Schmidt, K.M., 1999. Endogenous incomplete contracts. Discussion Paper. University of Munich.
10. Goeree, J., Holt, C., 2000. Asymmetric inequality aversion and noisy behavior in alternating-offer bargaining games. European Economic Review 44, this issue.
11. Loewenstein G.F., Thompson L., Bazerman M.H. Social utility and decision making in interpersonal contexts. Journal of Personality and Social Psychology. 57:1989;426-441.
12. Schmidt, K.M., Kremhelmer, S., Fehr, E., 2000. Individual vs. joint ownership: An experimental analysis of the endogenous allocation of ownership rights. Discussion Paper. University of Munich.