G2TT
来源类型Discussion paper
规范类型论文
来源IDDP13057
DP13057 When No Bad Deed Goes Punished: Relational Contracting in Ghana and the UK
Elwyn Davies; Marcel Fafchamps
发表日期2018-07-17
出版年2018
语种英语
摘要Experimental evidence to date supports the double theoretical prediction that parties transacting repeatedly punish bad contractual performance by reducing future offers, and that the threat of punishment disciplines opportunistic breach. We conduct a repeated gift-exchange experiment with university students in Ghana and the UK. The experiment is framed as an employment contract. Each period the employer makes an irrevocable wage offer to the worker who then chooses an effort level. UK subjects behave in line with theoretical predictions and previous experiments: wage offers reward high effort and punish low effort; this induces workers to choose high effort; and gains from trade are shared between workers and employers. We do not find such evidence among Ghanaian subjects: employers do not reduce wage offers after low effort; workers often choose low effort; and employers earn zero payoffs on average. These results also hold if we use a strategy method to elicit wage offers. Introducing competition or reputation does not significantly improve workers' effort. Using a structural bounds approach, we find that the share of selfish workers in Ghana is not substantially different from the UK or earlier experiments. We conclude that strategic punishment in repeated labor transactions is not a universally shared heuristic.
主题Development Economics
关键词Relational contracting Conditional reciprocity Gift-exchange game Punishment strategies Ghana
URLhttps://cepr.org/publications/dp13057
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/541862
推荐引用方式
GB/T 7714
Elwyn Davies,Marcel Fafchamps. DP13057 When No Bad Deed Goes Punished: Relational Contracting in Ghana and the UK. 2018.
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