Employers Can Boost Worker Productivity by Adjusting Bargaining Power
The article looks at how people negotiate fair work contracts when there's a risk of moral laziness. By comparing two bargaining methods, the study found that when both sides have equal power, using a specific bargaining approach leads to better outcomes and encourages harder work from employees. The study also suggests that if a fairness balance is needed to get the best results, adjusting the employee's negotiation power would be more effective in one bargaining scenario than the other. In simpler terms, when negotiating work agreements with incentives, different bargaining strategies can influence how well employees perform.