Fairness and Incentives in Relation-Based Societies
Bibliographic Data
| ID | 15066524 |
|---|---|
| Authors | Jiancai Pi (0000-0003-4327-8355, Nanjing Agricultural University, corresponding author) |
| Year | 2011 |
| Volume | 24 |
| Issue | 2 |
| Pages | 15-25 |
| Publication date | 2011-01-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economic Research-Ekonomska Istraživanja (JOURNAL) |
| Journal identifiers | ISSN: 1331-677X • E-ISSN: 1848-9664 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1331677x.2011.11517452 |
| OpenAlex | W1934882536 |
| Language | EN |
| References cited | 6 |
This paper mainly discusses the effects of fairness on incentives in relation-based societies (e.g., China) through the principal-agent framework.Our analyses give the conditions under which the consideration of fairness will decrease or increase the agent's efficiency wage.At the same time, our analyses give the conditions under which taking into account fairness will make the principal's constraint to incentivize the agent easier or harder to be satisfied.In a word, this paper finds that the incentive effects of fairness are condition-dependent, and that moral hazard problems are more subtle and difficult to be tackled when fairness is taken into account
Computer security · Economics · Incentive · Mathematical economics · Microeconomics · Moral hazard · Physics · Welfare economics · Computer Science · Corruption and Economic Development · Culture, Economy, and Development Studies · Social Policy and Reform Studies
| Highly cited | No |
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