Effects of In-Group Bias in a Gift-Exchange Transaction: A Theory of Employee Ownership and Evidence from a Laboratory Experiment

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dc.contributor.advisorSanders, Seth G.en_US
dc.contributor.authorBergstresser, Keith Daviden_US
dc.contributor.departmentEconomicsen_US
dc.contributor.publisherDigital Repository at the University of Marylanden_US
dc.contributor.publisherUniversity of Maryland (College Park, Md.)en_US
dc.date.accessioned2009-10-06T05:49:13Z
dc.date.available2009-10-06T05:49:13Z
dc.date.issued2009en_US
dc.description.abstractThis dissertation presents a behavioral model of employee ownership and an experimental examination of the model. Chapter 1 reviews literature on employee ownership, gift-exchange, social preferences in experimental economics, and in-group bias. The model of employee ownership, presented in Chapter 2, incorporates in-group bias into a gift-exchange framework. Predictions of the model include higher productivity, higher profits, higher wages, and greater worker satisfaction in employee owned firms relative to otherwise identical publicly traded or private firms with no employee ownership. Chapter 3 presents the results of a laboratory experiment designed to test both the assumptions and the predictions of the model described in Chapter 2. In-group bias is found to affect the giving and trusting behavior, but not the reciprocal behavior of the subjects in the experiment.en_US
dc.format.extent1603259 bytes
dc.format.mimetypeapplication/pdf
dc.identifier.urihttp://hdl.handle.net/1903/9501
dc.language.isoen_US
dc.subject.pqcontrolledEconomics, Generalen_US
dc.subject.pqcontrolledEconomics, Laboren_US
dc.subject.pqcontrolledEconomics, Theoryen_US
dc.subject.pquncontrolleddictator gameen_US
dc.subject.pquncontrolledemployee ownershipen_US
dc.subject.pquncontrolledgift-exchange gameen_US
dc.subject.pquncontrolledin-group biasen_US
dc.subject.pquncontrolledinequality aversionen_US
dc.subject.pquncontrolledprofit-sharingen_US
dc.titleEffects of In-Group Bias in a Gift-Exchange Transaction: A Theory of Employee Ownership and Evidence from a Laboratory Experimenten_US
dc.typeDissertationen_US

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