Table III Wage, effort and principal... | Emerald Publishing

Table III

Wage, effort and principal payoffs in the bonus–incentive treatment without reputation

		Panel A					Panel B
		Bonus contract					Incentive contract
Wage offer	Reputation	No. of offers	P’s payoff	e=1	e>1	No. of rejections	No. of offers	P’s payoff	e<e*	e⩾e*	No. of rejections
w<5	Without	33	6.73	22	0	11	4	2.5	1	0	3
	With	14	3.79	8	0	8	3	0	3	0	3
Medium 5⩽w⩽10	Without	45	8.31	37	6	2	9	−0.11	5	0	4
	With	41	18.44	23	13	5	12	10.67	8	4	3
High 10<w	Without	7	21.14	3	4	0	2	−6	1	0	1
	With	35	25.62	12	23	1	5	11.2	3	2	1
All	Without	85	36.19	62	10	13	15	−3.61	7	0	8
	With	90	47.85	43	36	14	30	21.87	14	6	7

		Panel A					Panel B
		Bonus contract					Incentive contract
Wage offer	Reputation	No. of offers	P’s payoff	e=1	e>1	No. of rejections	No. of offers	P’s payoff	e<e*	e⩾e*	No. of rejections
w<5	Without	33	6.73	22	0	11	4	2.5	1	0	3
	With	14	3.79	8	0	8	3	0	3	0	3
Medium5⩽w⩽10	Without	45	8.31	37	6	2	9	−0.11	5	0	4
	With	41	18.44	23	13	5	12	10.67	8	4	3
High10<w	Without	7	21.14	3	4	0	2	−6	1	0	1
	With	35	25.62	12	23	1	5	11.2	3	2	1
All	Without	85	36.19	62	10	13	15	−3.61	7	0	8
	With	90	47.85	43	36	14	30	21.87	14	6	7