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This paper reports on the results of an experiment testing whether the agents selfselect between a competitive payment scheme and a revenue-sharing scheme depending on their inequity aversion. Average efficiency should be increased when these payment schemes are endogenously chosen by agents. We...
Persistent link: https://www.econbiz.de/10014216314
performance, and thus as a solution to the principal-agent dilemma created by the separation of ownership and management in …
Persistent link: https://www.econbiz.de/10013146587