Combining "Real Effort" with Induced Effort Costs: The Ball-Catching Task

Simon Gaechter, Lingbo Huang and Martin Sefton
Authors registered in the RePEc Author Service: Simon Gächter

No 5345, CESifo Working Paper Series from CESifo

Abstract: We introduce the “ball-catching task”, a novel computerized real effort task, which combines “real” efforts with induced material cost of effort. The central feature of the ball-catching task is that it allows researchers to manipulate the cost of effort function as well as the production function, which permits quantitative predictions on effort provision. In an experiment with piece-rate incentives we find that the comparative static and the point predictions on effort provision are remarkably accurate. We also present experimental findings from three classic experiments, namely, team production, gift exchange and tournament, using the task. All of the results are closely in line with the stylized facts from experiments using purely induced values. We conclude that the ballcatching task combines the advantages of real effort with induced values, which is useful for theorytesting purposes as well as for applications.

Keywords: experimental design; real effort task; induced values; incentives; piece-rate theory; team incentives; gift exchange; tournaments; online real effort experiments (search for similar items in EconPapers)
JEL-codes: C91 C92 J41 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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Related works:
Journal Article: Combining “real effort” with induced effort costs: the ball-catching task (2016)
Working Paper: Combining 'Real Effort' with Induced Effort Costs: The Ball-Catching Task (2015)
Working Paper: Combining "Real Effort" with Induced Effort Costs: The Ball-Catching Task (2015)
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