Titelaufnahme

Titel
Revealing the economic consequences of group cohesion / Simon Gächter (CeDEx, University of Nottingham and IZA), Chris Starmer (CeDEx, University of Nottingham), Fabio Tufano (CeDEx, University of Nottingham) ; IZA Institute of Labor Economics
VerfasserGächter, Simon In der Gemeinsamen Normdatei der DNB nachschlagen ; Starmer, Chris In der Gemeinsamen Normdatei der DNB nachschlagen ; Tufano, Fabio In der Gemeinsamen Normdatei der DNB nachschlagen
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenBonn, Germany : IZA Institute of Labor Economics, June 2017
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Elektronische Ressource
Umfang1 Online-Ressource (28 Seiten) : Diagramme
SerieDiscussion paper ; no. 10824
URNurn:nbn:de:hbz:5:2-126976 Persistent Identifier (URN)
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Revealing the economic consequences of group cohesion [0.95 mb]
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Zusammenfassung

We introduce the concept of "group cohesion" to capture the economic consequences of ubiquitous social relationships in group production. We measure group cohesion, adapting the "oneness scale" from psychology. A comprehensive program of new experiments reveals the considerable economic impact of cohesion: higher cohesion groups are significantly more likely to achieve Pareto-superior outcomes in classic weak-link coordination games. We show that effects of cohesion are economically large, robust, and portable. We identify social preferences as a primary mechanism explaining the effects of cohesion. Our results provide proof of concept for group cohesion as a productive new tool of economic research.