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Social norms and economic incentives in firms
KTH, School of Engineering Sciences (SCI), Mathematics (Dept.).
2012 (English)In: Journal of Economic Behavior and Organization, ISSN 0167-2681, Vol. 83, no 2, 173-185 p.Article in journal (Refereed) Published
Abstract [en]

This paper studies the interplay between economic incentives and social norms in firms. We introduce a general framework to model social norms arguing that norms stem from agents' desire for, or peer pressure towards, social efficiency. In a simple model of team production we examine the interplay of three types of contracts with social norms. We show that one and the same norm can be output-increasing, neutral, or output-decreasing depending on the contract. Multiplicity of equilibria and crowding out effects of steeper incentives can arise.

Place, publisher, year, edition, pages
2012. Vol. 83, no 2, 173-185 p.
Keyword [en]
Social norms, Crowding out, Contracts
National Category
Economics and Business
URN: urn:nbn:se:kth:diva-102139DOI: 10.1016/j.jebo.2012.05.005ISI: 000307134500001ScopusID: 2-s2.0-84862575882OAI: diva2:551162

QC 20120910

Available from: 2012-09-10 Created: 2012-09-10 Last updated: 2012-09-10Bibliographically approved

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Weibull, Jörgen
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