Ontology highlight
ABSTRACT:
SUBMITTER: Gachter S
PROVIDER: S-EPMC5443401 | biostudies-literature | 2013 Jun
REPOSITORIES: biostudies-literature
Gächter Simon S Nosenzo Daniele D Sefton Martin M
Journal of the European Economic Association 20130601 3
We compare social preference and social norm based explanations for peer effects in a three-person gift-exchange experiment. In the experiment a principal pays a wage to each of two agents, who then make effort choices sequentially. In our baseline treatment we observe that the second agent's effort is influenced by the effort choice of the first agent, even though there are no material spillovers between agents. This peer effect is predicted by the Fehr-Schmidt (1999) model of social preference ...[more]