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Other-regarding preferences and management styles

Author

Listed:
  • Kocher, Martin G.
  • Pogrebna, Ganna
  • Sutter, Matthias

Abstract

We use a laboratory experiment to examine whether and to what extent other-regarding preferences (efficiency, inequality aversion and maximin concerns) of team managers influence their management style in choice under risk. We find that managers who prefer efficiency are more likely to exercise an autocratic management style by ignoring preferences of their team members. Equality concerns have no significant impact on management styles. Elected managers have a higher propensity than exogenously assigned managers to use a democratic management style by reaching team consensus. We also find that male managers employ a democratic style more often than women.

Suggested Citation

  • Kocher, Martin G. & Pogrebna, Ganna & Sutter, Matthias, 2013. "Other-regarding preferences and management styles," Munich Reprints in Economics 18156, University of Munich, Department of Economics.
    • Handle: RePEc:lmu:muenar:18156
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    Cited by:

    1. Ertac, Seda & Gumren, Mert & Gurdal, Mehmet Y., 2020. "Demand for decision autonomy and the desire to avoid responsibility in risky environments: Experimental evidence," Journal of Economic Psychology, Elsevier, vol. 77(C).
    2. Antonio FILIPPIN & Paolo CROSETTO, 2014. "A Reconsideration of Gender Differences in Risk Attitudes," Departmental Working Papers 2014-01, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    3. Robert Dur & Ola Kvaløy & Anja Schöttner, 2022. "Leadership Styles and Labor Market Conditions," Management Science, INFORMS, vol. 68(4), pages 3150-3168, April.
    4. Pablo Hernandez-Lagos & Dylan Minor & Dana Sisak, 2017. "Do people who care about others cooperate more? Experimental evidence from relative incentive pay," Experimental Economics, Springer;Economic Science Association, vol. 20(4), pages 809-835, December.
    5. Bolton, Gary E. & Ockenfels, Axel & Stauf, Julia, 2015. "Social responsibility promotes conservative risk behavior," European Economic Review, Elsevier, vol. 74(C), pages 109-127.
    6. Yonas Alem & Martin G. Kocher & Simon Schürz & Fredrik Carlsson & Mikael Lindahl, 2023. "Distributional preferences in adolescent peer networks," Experimental Economics, Springer;Economic Science Association, vol. 26(1), pages 223-248, March.
    7. Jordi Brandts & David J. Cooper & Roberto A. Weber, 2015. "Legitimacy, Communication, and Leadership in the Turnaround Game," Management Science, INFORMS, vol. 61(11), pages 2627-2645, November.
    8. Hattori, Keisuke & Higashida, Keisaku & Morita, Kimiyuki, 2025. "Leading with Generosity and Responsibility through Reward Allocation Decisions in Teams," MPRA Paper 123795, University Library of Munich, Germany.
    9. Gao, Yuhong & Blayac, Thierry & Willinger, Marc, 2025. "Delegating moral dilemmas in autonomous vehicles evidence from an online experiment in China," Transport Policy, Elsevier, vol. 171(C), pages 721-752.
    10. Luke Boosey & R. Mark Isaac & Abhijit Ramalingam, 2021. "Limiting the Leader: Fairness Concerns in Team Production with Leader-Determined Monitoring," Working Papers 21-11, Department of Economics, Appalachian State University.
    11. Sophie Cêtre & Max Lobeck, 2023. "Principal’s distributive preferences and the incentivization of agents," Experimental Economics, Springer;Economic Science Association, vol. 26(3), pages 646-672, July.
    12. Fabio Galeotti & Daniel John Zizzo, 2014. "Competence versus Trustworthiness: What Do Voters Care About?," Post-Print halshs-02467510, HAL.
    13. Boosey, Luke & Isaac, R. Mark & Ramalingam, Abhijit, 2024. "Limiting the leader: Fairness concerns and opportunism in team production," Journal of Economic Behavior & Organization, Elsevier, vol. 218(C), pages 209-244.
    14. Fochmann, Martin & Fochmann, Nadja & Kocher, Martin G. & Müller, Nadja, 2021. "Dishonesty and risk-taking: Compliance decisions of individuals and groups," Journal of Economic Behavior & Organization, Elsevier, vol. 185(C), pages 250-286.
    15. Galeotti, Fabio & Zizzo, Daniel John, 2018. "Identifying voter preferences: The trade-off between honesty and competence," European Economic Review, Elsevier, vol. 105(C), pages 27-50.
    16. Goodall, Amanda H. & Pogrebna, Ganna, 2012. "Expert Leaders in a Fast-Moving Environment," IZA Discussion Papers 6715, IZA Network @ LISER.
    17. Jin Di Zheng & Arthur Schram & Tianle Song, 2024. "Correction to: Social status and prosocial behavior," Experimental Economics, Springer;Economic Science Association, vol. 27(2), pages 489-489, April.
    18. Pablo Hernandez & Dylan B. Minor & Dana Sisak, 2013. "Performance and Relative Incentive Pay: The Role of Social Preferences," Tinbergen Institute Discussion Papers 13-176/VII, Tinbergen Institute.

    More about this item

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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