No contract or unfair contract: What's better?

B-Tier
Journal: Journal of Behavioral and Experimental Economics
Year: 2012
Volume: 41
Issue: 4
Pages: 384-390

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We investigate the welfare implications of unfair incentive contracts in comparison with interactions without contracts. Reciprocal people should cooperate conditionally in the latter situation but punish unfairness by non-cooperation. We confirm that some people do cooperate conditionally in a sequential prisoner's dilemma. Furthermore, some subjects do not cooperate if they face an unfair incentive contract in a similar context. However, there is no correlation between these two types of reciprocity. At an aggregate level, all contracts – no matter how fair they are – improve welfare even if agents are conditionally cooperative.

Technical Details

RePEc Handle
repec:eee:soceco:v:41:y:2012:i:4:p:384-390
Journal Field
Experimental
Author Count
2
Added to Database
2026-01-24