کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
883568 1471666 2014 12 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Can higher rewards lead to less effort? Incentive reversal in teams
ترجمه فارسی عنوان
آیا می توان پاداش های بالاتر منجر به تلاش کمتری شد؟ تکرار انگیزه در تیم
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی

Conventional wisdom suggests that a global increase in monetary rewards should induce agents to exert higher effort. In this paper we demonstrate that this may not hold in team settings. In the context of sequential team production with positive externalities between agents, incentive reversal might occur, i.e., an increase in monetary rewards (either because bonuses increase or effort costs decrease) may induce agents that are fully rational, self-centered money maximizers to exert lower effort in the completion of a joint task. Incentive reversal happens when increasing one agent's individual rewards alters her best-response function and, as a result, removes other agents’ incentives to exert effort as their contributions are no longer required to incentivize the first agent. Herein we discuss this seemingly paradoxical phenomenon and report on two experiments that provide supportive evidence.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 97, January 2014, Pages 72–83
نویسندگان
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