Equity and Efficiency in Multi-Worker Firms: Insights from Experimental Economics

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Equity and Efficiency in Multi-Worker Firms : Insights from Experimental Economics. / Abeler, Johannes; Altmann, Steffen; Goerg, Sebastian J.; Kube, Sebastian; Wibral, Matthias.

In: Analyse & Kritik: Journal of Philosophy and Social Theory, Vol. 2011, No. 1, 01.12.2011, p. 325-348.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Abeler, J, Altmann, S, Goerg, SJ, Kube, S & Wibral, M 2011, 'Equity and Efficiency in Multi-Worker Firms: Insights from Experimental Economics', Analyse & Kritik: Journal of Philosophy and Social Theory, vol. 2011, no. 1, pp. 325-348. <http://www.scopus.com/inward/record.url?scp=84864789688&partnerID=8YFLogxK>

APA

Abeler, J., Altmann, S., Goerg, S. J., Kube, S., & Wibral, M. (2011). Equity and Efficiency in Multi-Worker Firms: Insights from Experimental Economics. Analyse & Kritik: Journal of Philosophy and Social Theory, 2011(1), 325-348. http://www.scopus.com/inward/record.url?scp=84864789688&partnerID=8YFLogxK

Vancouver

Abeler J, Altmann S, Goerg SJ, Kube S, Wibral M. Equity and Efficiency in Multi-Worker Firms: Insights from Experimental Economics. Analyse & Kritik: Journal of Philosophy and Social Theory. 2011 Dec 1;2011(1):325-348.

Author

Abeler, Johannes ; Altmann, Steffen ; Goerg, Sebastian J. ; Kube, Sebastian ; Wibral, Matthias. / Equity and Efficiency in Multi-Worker Firms : Insights from Experimental Economics. In: Analyse & Kritik: Journal of Philosophy and Social Theory. 2011 ; Vol. 2011, No. 1. pp. 325-348.

Bibtex

@article{73e47e7034434dc1bd66869a3192cef7,
title = "Equity and Efficiency in Multi-Worker Firms: Insights from Experimental Economics",
abstract = "In this article, we discuss recent evidence from experimental economics on the impact of social preferences on workplace behavior. We focus on situations in which a single employer interacts with multiple employees. Traditionally, equity and efficiency have been seen as opposing aims in such work environments: individual pay-for-performance wage schemes maximize efficiency but might lead to inequitable outcomes. We present findings from laboratory experiments that show under which circumstances partially incomplete contracts can create equitable work environments while at the same time reaching surprisingly efficient outcomes.",
author = "Johannes Abeler and Steffen Altmann and Goerg, {Sebastian J.} and Sebastian Kube and Matthias Wibral",
year = "2011",
month = dec,
day = "1",
language = "English",
volume = "2011",
pages = "325--348",
journal = "Analyse und Kritik",
issn = "0171-5860",
publisher = "De Gruyter Oldenbourg",
number = "1",

}

RIS

TY - JOUR

T1 - Equity and Efficiency in Multi-Worker Firms

T2 - Insights from Experimental Economics

AU - Abeler, Johannes

AU - Altmann, Steffen

AU - Goerg, Sebastian J.

AU - Kube, Sebastian

AU - Wibral, Matthias

PY - 2011/12/1

Y1 - 2011/12/1

N2 - In this article, we discuss recent evidence from experimental economics on the impact of social preferences on workplace behavior. We focus on situations in which a single employer interacts with multiple employees. Traditionally, equity and efficiency have been seen as opposing aims in such work environments: individual pay-for-performance wage schemes maximize efficiency but might lead to inequitable outcomes. We present findings from laboratory experiments that show under which circumstances partially incomplete contracts can create equitable work environments while at the same time reaching surprisingly efficient outcomes.

AB - In this article, we discuss recent evidence from experimental economics on the impact of social preferences on workplace behavior. We focus on situations in which a single employer interacts with multiple employees. Traditionally, equity and efficiency have been seen as opposing aims in such work environments: individual pay-for-performance wage schemes maximize efficiency but might lead to inequitable outcomes. We present findings from laboratory experiments that show under which circumstances partially incomplete contracts can create equitable work environments while at the same time reaching surprisingly efficient outcomes.

M3 - Journal article

AN - SCOPUS:84864789688

VL - 2011

SP - 325

EP - 348

JO - Analyse und Kritik

JF - Analyse und Kritik

SN - 0171-5860

IS - 1

ER -

ID: 126373076