Group identity and relation-specific investment: An experimental investigation
| dc.contributor.author | Morita, H. | |
| dc.contributor.author | Servátka, M. | |
| dc.date.accessioned | 2014-01-30T22:14:10Z | |
| dc.date.available | 2014-01-30T22:14:10Z | |
| dc.date.issued | 2013 | en |
| dc.description.abstract | The hold-up problem has played a central role in the study of firm boundaries, which is a fundamental element of the economic study of organizations. We study a previously unex-plored mechanism by which integration between two parties could resolve the problem. Based on the social identity theory, we conjecture that group identity strengthens agents’ altruistic prefer-ences towards group members, and this helps resolve the hold-up problem. We test this conjec-ture in a laboratory experiment. Our subjects were randomly divided into two teams and asked to wear their team uniform. Task 1 required them to answer questions about trivia, where the sub-jects had access to a chat program that enabled them to help their team members. For Task 2, the subjects played a hold-up game with either a member of their own team (representing integra-tion) or a member of the other team (non-integration). The experimental results support our conjectures. | en |
| dc.identifier.citation | Morita, H., Servátka, M. (2013) Group identity and relation-specific investment: An experimental investigation. European Economic Review, 58, pp. 95-109. | en |
| dc.identifier.doi | https://doi.org/10.1016/j.euroecorev.2012.11.006 | |
| dc.identifier.uri | http://hdl.handle.net/10092/8843 | |
| dc.language.iso | en | |
| dc.publisher | University of Canterbury. Department of Economics and Finance | en |
| dc.rights.uri | https://hdl.handle.net/10092/17651 | en |
| dc.subject | altruism | en |
| dc.subject | experiment | en |
| dc.subject | hold-up problem | en |
| dc.subject | group identity | en |
| dc.subject | relation-specific investment | en |
| dc.subject | team membership | en |
| dc.subject.anzsrc | Fields of Research::38 - Economics::3801 - Applied economics::380106 - Experimental economics | en |
| dc.subject.anzsrc | Field of Research::15 - Commerce, Management, Tourism and Services::1502 - Banking, Finance and Investment::150299 - Banking, Finance and Investment not elsewhere classified | en |
| dc.subject.anzsrc | Fields of Research::35 - Commerce, management, tourism and services::3507 - Strategy, management and organisational behaviour::350710 - Organisational behaviour | en |
| dc.subject.anzsrc | Field of Research::17 - Psychology and Cognitive Sciences::1701 - Psychology::170107 - Industrial and Organisational Psychology | en |
| dc.title | Group identity and relation-specific investment: An experimental investigation | en |
| dc.type | Journal Article |
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