Effect of Effort on Self Image: The Case of Monotonically Increasing Self-Image Functions
In this paper, the model of moral motivation as developed by Brekke et al (2003) is analysed with the new assumption that self-image is an increasing function of effort. While the effects of increased efficiency and new information on optimal effort levels are largely similar, different results are obtained when individuals are faced with responsibility and economic incentives. Following Brekke et