Werner, Peter (2009) Behavioral Economics and Agency Problems: Empirical Studies. PhD thesis, Universität zu Köln.
This thesis focuses on the effects of behavioral phenomena in the context of agency problems. It comprises four research studies based on laboratory experiments and field data. The first study investigates the interaction between trust, efficiency and economic development (chapter 2). Chapters 3 and 4 present two research projects about the impact of social preferences and loss aversion on the functioning of incentive schemes in organizations. Finally, the study described in chapter 5 explores how social preferences influence the performance of group lending contracts in microfinance programs.
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