The role of financial incentives and social incentives in multi-task settings

The role of financial incentives and social incentives in multi-task settings
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财务激励和社会激励在多任务环境中的作用

DOI:
10.2308/jmar.2007.19.1.25
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发表时间:
2007
影响因子:
1.7
通讯作者:
F. Moers
F. Moers
中科院分区:
--
文献类型:
--
作者:
A. Brüggen;F. Moers

文献摘要

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在本文中,我们研究了经济激励和社会激励在多任务环境中的作用,其中代理人做出努力水平选择和努力分配选择。我们关注的是这些选择不是独立的,并且努力水平和努力分配之间存在积极权衡的环境。社会激励在这种权衡中发挥着至关重要的作用。财政激励提高了努力水平,而与委托人利益一致的社会激励则减轻了与财政激励相关的努力分配的扭曲,从而提高了财政激励的有效性。在 2×2 实验中,我们发现接受扭曲性经济激励的参与者比接受固定工资的参与者提供了更多的总努力,但他们分配努力的一致性明显较差。然而,一致的社会激励措施可以显着减少由扭曲的经济激励措施引起的努力分配扭曲。我们进一步确定...
In this paper, we investigate the role of financial incentives and social incentives in multi‐task settings where the agent makes an effort‐level choice and an effort‐allocation choice. We focus on a setting where these choices are not independent and an active trade‐off between effort level and effort allocation exists. Social incentives play a crucial role in this trade‐off. While financial incentives increase the effort level, social incentives congruent with the principal's interest mitigate the distortions in effort allocation associated with financial incentives, which improves the effectiveness of financial incentives. In a 2×2 experiment, we find that participants who receive distorting financial incentives provide significantly more total effort than participants who receive a fixed wage, but they allocate effort significantly less congruently. However, the effort‐allocation distortion caused by distorting financial incentives is significantly reduced by congruent social incentives. We further fi...