Games of status and discriminatory contracts
نویسندگان
چکیده
منابع مشابه
Games of status and discriminatory contracts
Following recent empirical evidence which indicates the importance of rank for the determination of workers’ wellbeing, this paper introduces status seeking preferences in the form of rank-dependent utility functions into a moral hazard framework with one firm and multiple workers, but no correlation in production. We show that workers’ concern for the rank of their wage in the firm’s wage dist...
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ژورنال
عنوان ژورنال: Games and Economic Behavior
سال: 2009
ISSN: 0899-8256
DOI: 10.1016/j.geb.2008.03.009