English, Article, Journal or magazine article edition: Peer pressure and inequity aversion in the Japanese firm Staffiero, Gianandrea

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Bookmark: http://trove.nla.gov.au/version/170369
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Peer pressure and inequity aversion in the Japanese firm
Author
  • Staffiero, Gianandrea
Physical Description
  • preprint
Notes
  • We present an explanation of the high frequency of team production and high level of peer monitoring found in Japanese firms, in terms of a simple and empirically grounded variation in individual utility functions. We argue that Japanese agents are generally characterized by a higher degree, with respect to their Western counterparts, of aversion to unfavorable inequality, a feature which explains seemingly puzzling experimental evidence. In combination with long term employment and various organizational practices, this creates the conditions for obtaining willingness to exert mutual monitoring and peer pressure which facilitates the convergence towards cooperative equilibria in dilemma type situations.
  • Team Production; Fairness; Cooperation; Punishment; Reciprocity;
  • RePEc:ebg:iesewp:d-0645
Language
  • English
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