The Impact of Envy on Relational Employment Contracts

Kragl, Jenny; Schmid, Julia

[journal article]

dc.contributor.author	Kragl, Jenny	de
dc.contributor.author	Schmid, Julia	de
dc.date.accessioned	2012-08-12T03:50:00Z	de
dc.date.accessioned	2012-08-29T23:04:49Z
dc.date.available	2012-08-29T23:04:49Z
dc.date.issued	2009	de
dc.identifier.uri	http://www.ssoar.info/ssoar/handle/document/31438
dc.description.abstract	We study the effects of envy on relational employment contracts in a standard moral hazard setup with two agents. Performance is evaluated via an observable, but non-contractible signal which reects an agent's individual contribution to firm value. Both agents exhibit horizontal disadvantageous inequity aversion. In contrast to the literature, we find that inequity aversion may be beneficial; in the presence of envy, for a certain range of interest rates, relational contracts may be more profitable. For some interest rates reputational equilibria exist only with envious agents.	en
dc.language	en	de
dc.subject.ddc	Psychology	en
dc.subject.ddc	Psychologie	de
dc.subject.other	Principal-agent; Relational contract; Inequity aversion; Envy
dc.title	The Impact of Envy on Relational Employment Contracts	en
dc.description.review	begutachtet (peer reviewed)	de
dc.description.review	peer reviewed	en
dc.source.journal	Journal of Economic Behavior & Organization	de
dc.source.volume	72	de
dc.source.issue	2	de
dc.subject.classoz	Applied Psychology	en
dc.subject.classoz	angewandte Psychologie	de
dc.identifier.urn	urn:nbn:de:0168-ssoar-314388	de
dc.date.modified	2012-08-13T14:52:00Z	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	en
ssoar.gesis.collection	SOLIS;ADIS	de
ssoar.contributor.institution	http://www.peerproject.eu/	de
internal.status	3	de
dc.type.stock	article	de
dc.type.document	journal article	en
dc.type.document	Zeitschriftenartikel	de
dc.rights.copyright	f	de
dc.source.pageinfo	766-779
internal.identifier.classoz	10709
internal.identifier.journal	196	de
internal.identifier.document	32
internal.identifier.ddc	150
dc.identifier.doi	https://doi.org/10.1016/j.jebo.2009.07.016	de
dc.description.pubstatus	Postprint	en
dc.description.pubstatus	Postprint	de
internal.identifier.licence	7
internal.identifier.pubstatus	2
internal.identifier.review	1
internal.check.abstractlanguageharmonizer	CERTAIN
internal.check.languageharmonizer	CERTAIN_RETAINED

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angewandte Psychologie
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