Hidden costs of control : four repetitions and an extension

Ziegelmeyer, Anthony; Schmelz, Katrin; Ploner, Matteo

Hidden costs of control : four repetitions and an extension

Dateien

Ziegelmeyer_0-320221.pdfGröße: 122.63 KBDownloads: 642

Datum

2012

Autor:innen

Ziegelmeyer, Anthony

Schmelz, Katrin

Ploner, Matteo

Publikationstyp

Zeitschriftenartikel

Publikationsstatus

Published

Erschienen in

Experimental Economics. 2012, 15(2), pp. 323-340. ISSN 1386-4157. eISSN 1573-6938. Available under: doi: 10.1007/s10683-011-9302-8

Zusammenfassung

We report four repetitions of Falk and Kosfeld’s (Am. Econ. Rev. 96(5):1611–1630, 2006) low and medium control treatments with 476 subjects. Each repetition employs a sample drawn from a standard subject pool of students and demographics vary across samples. We largely confirm the existence of hidden costs of control but, contrary to the original study, hidden costs of control are usually not substantial enough to significantly undermine the effectiveness of economic incentives. Our subjects were asked, at the end of the experimental session, to complete a questionnaire in which they had to state their work motivation in hypothetical scenarios. Our questionnaires are identical to the ones administered in Falk and Kosfeld’s (Am. Econ. Rev. 96(5):1611–1630, 2006) questionnaire study. In contrast to the game play data, our questionnaire data are similar to those of the original questionnaire study. In an attempt to solve this puzzle, we report an extension with 228 subjects where performance-contingent earnings are absent i.e. both principals and agents are paid according to a flat participation fee. We observe that hidden costs significantly outweigh benefits of control under hypothetical incentives.

Fachgebiet (DDC)

330 Wirtschaft

Schlagwörter

Control, Laboratory experiments, Motivation, Principal-agent theory

Zitieren

ISO 690

ZIEGELMEYER, Anthony, Katrin SCHMELZ, Matteo PLONER, 2012. Hidden costs of control : four repetitions and an extension. In: Experimental Economics. 2012, 15(2), pp. 323-340. ISSN 1386-4157. eISSN 1573-6938. Available under: doi: 10.1007/s10683-011-9302-8

BibTex

@article{Ziegelmeyer2012Hidde-32957,
  year={2012},
  doi={10.1007/s10683-011-9302-8},
  title={Hidden costs of control : four repetitions and an extension},
  number={2},
  volume={15},
  issn={1386-4157},
  journal={Experimental Economics},
  pages={323--340},
  author={Ziegelmeyer, Anthony and Schmelz, Katrin and Ploner, Matteo}
}

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