hidden action. Our experiment is framed in a credit market context and borrowers (second movers) can communicate with lenders … behavior from lenders. As a consequence, lenders extend less credit to borrowers who promise to repay. Hidden action undermines … how to structure relationships with a risk of hidden action: for precontractual communication to unfold its full potential …

hidden action. Our experiment is framed in a credit market context and borrowers (second movers) can communicate with lenders … behavior from lenders. As a consequence, lenders extend less credit to borrowers who promise to repay. Hidden action undermines … how to structure relationships with a risk of hidden action: for precontractual communication to unfold its full potential …

In this study, we enrich a standard principal-agent model with hidden action by introducing salience-biased perception …

In this study, we enrich a standard principal-agent model with hidden action by introducing salience-biased perception …

Individuals and two-person teams play a hidden - action trust game with pre - play communication. We replicate previous …

Individuals and two-person teams play a hidden - action trust game with pre - play communication. We replicate previous …