English, Article, Journal or magazine article edition: Incomplete and Asymmetric Surplus Information in Labor Relations Heike Hennig-Schmidt; Bettina Rockenbach; Abdolkarim Sadrieh

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Bookmark: http://trove.nla.gov.au/version/52376
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Incomplete and Asymmetric Surplus Information in Labor Relations
Author
  • Heike Hennig-Schmidt
  • Bettina Rockenbach
  • Abdolkarim Sadrieh
Physical Description
  • preprint
Notes
  • Numerous laboratory experiments show that workers reciprocate to high wages with high effort, when there is perfect information on the surplus created. Recent field experiments, however, suggest that trust and reciprocity may be lower or absent when the information is incomplete. We report a laboratory experiment with symmetric and asymmetric incomplete surplus information in a “bilateral gift exchange” setting. We find that trust and reciprocity have a significant positive effect on wages, effort and efficiency. But, all three are substantially lower under incomplete than under complete information. The negative impact on wages and efficiency is even greater with information asymmetry.
  • trust, reciprocity, efficiency, incomplete information, asymmetric information
  • RePEc:bon:bonedp:bgse24_2003
Language
  • English
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