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The Economic Preferences of Cooperative Managers

Author

Listed:
  • Alves, Guillermo
  • Blanchard, Pablo
  • Burdin, Gabriel
  • Chávez, Mariana
  • Dean, Andrés

Abstract

A growing body of research has been investigating the role of management practices and managerial behaviour in conventional private firms and public sector organizations. However, little is known about managers’ behavioural profile in noninvestorowned firms. This paper aims to fill this gap by providing a comprehensive behavioural characterization of managers employed in cooperatives. We gathered incentive-compatible measures of risk preferences, time preferences, reciprocity, altruism, and trust from 196 Uruguayan managers (half of them employed in worker cooperatives) and 92 first-year undergraduate students. To do this, we conducted a high-stakes lab-in-thefield experiment in which participants played a series of online experimental games and made incentivised decisions.

Suggested Citation

  • Alves, Guillermo & Blanchard, Pablo & Burdin, Gabriel & Chávez, Mariana & Dean, Andrés, 2019. "The Economic Preferences of Cooperative Managers," Research Department working papers 1457, CAF Development Bank Of Latinamerica.
    • Handle: RePEc:dbl:dblwop:1457
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    JEL classification:

    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • J54 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Producer Cooperatives; Labor Managed Firms

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