an experiment with piece-rate incentives we find that the comparative static and the point predictions on effort … provision are remarkably accurate. We also present experimental findings from three classic experiments, namely, team production …

effect of observing a peer from that of being observed by a peer, by setting up a real effort experiment in which we …. We consider both a piece rate compensation scheme, where pay depends solely on own performance, and a team compensation … scheme, where pay also depends on the performance of other team members. Overall, we find some evidence that subjects who are …

, exposing them to the risk of having to pay a large premium in case they are discovered to have a high probability of developing … a disease (a discrimination risk). Differently, Consent Law allows them to hide this detrimental information, creating … exogenous values of adverse selection under Consent Law, and the repeated interactions experiment devised has not resulted in …

We conduct an experiment with a representative sample from the US to study households’ demand for macroeconomic … information. Respondents who learn of a higher personal exposure to unemployment risk during recessions increase their demand for … rational inattention that demand for information depends on its expected benefit. Moreover, the fact that perceived risk …

framework. We test the model’s predictions in a laboratory experiment. Both in theory and in the experiment diagnostic … uncertainty decreases the rate of efficient service provision and leads to less trade. In theory, insurance also decreases the … net effect on welfare. In the experiment, the net effect of insurance coverage on efficiency turns out to be positive. We …

We show that team formation can serve as an implicit commitment device to overcome problems of self-control. In a … harder is credible because the team breaks up after an agent has not kept this promise - which leads to individual (under …, the performance of a team of present-biased agents can actually be better than the performance of a team of time …

of the box thinking. This paper reports from an experiment designed to test if the negative incentive effect is present … performance. As a comparison we ran the same experiment (the Candle Problem) with and without incentives for individuals as well …. Incentives did not reduce performance there either. Comparing individuals with groups we find that team-work facilitates creative …