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- W1570595832 abstract "We study the role of status in an experimental Principal-Agent game.Status is awarded to subjects based on either talent or luck. In each randomly matched principal-agent pair, the principal chooses the agent'sstatus-contingent piece rate for a task in which talent matters for performance (an IQ test). We perform the experiment in Cambridge (UK) andin HCMV (Vietnam). We find that in Cambridge piece rate others are significantly higher for high-status agents (only) when status signals talent.However, these higher offers are not payoff-maximizing for the principals.In contrast, Vietnam piece rate offers are significantly higher for high-statusagents (only) when status is determined by luck. We explore possible explanations, and the implications for status and incentives." @default.
- W1570595832 created "2016-06-24" @default.
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- W1570595832 date "2013-05-01" @default.
- W1570595832 modified "2023-10-16" @default.
- W1570595832 title "When to Pay More: Incentives, Culture and Status in Principal‐ Agent Interactions" @default.
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