Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/228362 
Erscheinungsjahr: 
2019
Schriftenreihe/Nr.: 
CeDEx Discussion Paper Series No. 2019-16
Verlag: 
The University of Nottingham, Centre for Decision Research and Experimental Economics (CeDEx), Nottingham
Zusammenfassung: 
We introduce the concept of "group cohesion" to study the economic consequences of social relationships in team production. We measure group cohesion, adapting the "oneness scale" from psychology to group level. A series of experiments, including a pre-registered replication, reveals that higher cohesion groups are more likely to achieve Pareto-superior outcomes in weaklink coordination games. Judged against benchmarks, the effects of cohesion are economically large. We identify beliefs rather than social preferences as a primary mechanism explaining the effects of cohesion. Our comprehensive evidence establishes group cohesion as a powerful production factor and a useful new tool of economic research.
JEL: 
C92
D03
Dokumentart: 
Working Paper

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