Publication
Title
An experimental study into the influence of works council advice on managerial decision-making
Author
Abstract
This paper experimentally studies the effect of works council advice on managerial decision-making, aiming to gain more insights into the fundamental mechanisms that may underlie the impact of works council advice. We conducted laboratory experiments in which subjects played a two-player Prisoner's Dilemma price-setting game as either a manager or works council representative. Half of the managers received an advice to opt for a low or a high price; the other half received no advice. Managers receiving advice to choose a low price (play Nash) have a higher tendency to choose a low price. Subjects with an other-regarding orientation tend to choose a high price. Furthermore, we found an interaction effect of advice for other-regarding managers.
Language
English
Source (journal)
Scandinavian journal of management. - Oxford
Publication
Oxford : 2014
ISSN
0956-5221
Volume/pages
30:3(2014), p. 358-371
ISI
000341338800009
Full text (Publisher's DOI)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
External links
Web of Science
Record
Identification
Creation 04.09.2015
Last edited 03.10.2017