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Design of Incentive Systems

Experimental Approach to Incentive and Sorting Effects

  • Book
  • © 2013

Overview

  • Provides an overview of latest incentive design research
  • Shows a step-by-step procedure to conduct a behavioral experiment
  • Provides new insights of human behavior and decision making under the influence of incentives?
  • Includes supplementary material: sn.pub/extras

Part of the book series: Contributions to Management Science (MANAGEMENT SC.)

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Table of contents (7 chapters)

Keywords

About this book

Monetary incentives, as a driving force for human behavior, are the main theme of this book. The primary goals underlying the application of monetary incentive systems in companies are motivating employees to strive for superior productivity in line with the interests of employers, and hiring adequately skilled employees. The first goal refers to incentive effects, the latter to sorting effects. This book introduces important theories and concepts concerning behavior under influence of monetary incentives; it reviews existing economic frameworks and identifies specific contingency variables. Based on an integrative framework of elements influencing incentive and sorting effects, a laboratory experiment is presented including detailed methodological discussion on experimentation and data analysis as well as an extensive presentation of findings and discussion of implications.​

Authors and Affiliations

  • , Institute of Business Administration, Universität Stuttgart, Stuttgart, Germany

    Dennis D. Fehrenbacher

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