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Cooperation, Competition, and Risk Attitudes: An Intergenerational Field and Laboratory Experiment

Charness, Gary; Villeval, Marie-Claire - Institute for the Study of Labor (IZA) - 2007

behavior of juniors (under 30) and seniors (over 50) in both experiments conducted onsite with the employees of two large firms … external validity of conventional laboratory experiments. In general we do not find strong differences in behavior between … workers and non-workers, indicating that laboratory experiments may not be such a bad approximation for the field environment. …

Persistent link: https://www.econbiz.de/10005762257

Let's Talk: How Communication Affects Contract Design

Brandts, Jordi; Charness, Gary; Ellman, Matthew - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

We study experimentally how the ability to communicate affects the frequency and effectiveness of flexible and inflexible contracts in a bilateral trade context where sellers can adjust trade quality after observing a post-contractual cost shock and a discretionary buyer transfer. In the absence...

Persistent link: https://www.econbiz.de/10010851445

Social Comparisons in Wage Delegation: Experimental Evidence

Charness, Gary; Cobo-Reyes, Ramón; Lacomba, Juan A.; … - Institute for the Study of Labor (IZA) - 2013

This article examines whether social comparisons have behavioral effects on workers' performance when a firm can choose workers' wages or let them choose their own. Firms can delegate the wage decision to neither, one or both workers in the firm. We vary the information workers receive, finding...

Persistent link: https://www.econbiz.de/10010884248

Competition and the Ratchet Effect

Charness, Gary; Kuhn, Peter J.; Villeval, Marie-Claire - Institute for the Study of Labor (IZA) - 2008

The 'ratchet effect' refers to a situation where a principal uses private information that is revealed by an agent's early actions to the agent's later disadvantage, in a context where binding multi-period contracts are not enforceable. In a simple, context-rich environment, we experimentally...

Persistent link: https://www.econbiz.de/10005233858

Forward induction and the excess capacity puzzle: An experimental investigation

Brandts, Jordi; Cabrales, Antonio; Charness, Gary - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

having to pre-commit capacity. In our game, evolution and learning do not drive out this perception. We back these claims …

Persistent link: https://www.econbiz.de/10010547333

Competition, Hidden Information and Efficiency: An Experiment

Cabrales, Antonio; Charness, Gary; Villeval, Marie-Claire - Institute for the Study of Labor (IZA) - 2006

We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden-information context. In our benchmark case, each principal is matched with one agent of unknown type. In our second treatment, a principal can select one of three agents, while in a...

Persistent link: https://www.econbiz.de/10005703707

Experimental Games on Networks: Underpinnings of Behavior and Equilibrium Selection

Charness, Gary; Feri, Francesco; Meléndez-Jiménez, … - Institute for the Study of Labor (IZA) - 2014

In this paper, we describe a series of laboratory experiments that implement specific examples of a more general …

Persistent link: https://www.econbiz.de/10011086477

Competitive Preferences and Status as an Incentive: Experimental Evidence

Charness, Gary; Masclet, David; Villeval, Marie Claire - Institute for the Study of Labor (IZA) - 2010

In this paper, we investigate individuals' investment in status in an environment where no monetary return can possibly be derived from reaching a better relative position. We use a real-effort experiment in which we permit individuals to learn and potentially improve their status (rank). We...

Persistent link: https://www.econbiz.de/10008466023

Social Networks and Crime Decisions: The Role of Social Structure in Facilitating Delinquent Behavior

Calvó-Armengol, Antoni; Zenou, Yves - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

friends with other criminals by learning and acquiring proper know-how on the crime business. By taking the social network …

Persistent link: https://www.econbiz.de/10010851398

Who's Who in Networks. Wanted: The Key Player

Ballester, Coralio; Calvó-Armengol, Antoni; Zenou, Yves - Barcelona Graduate School of Economics (Barcelona GSE) - 2004

Finite population non-cooperative games with linear-quadratic utilities, where each player decides how much action she exerts, can be interpreted as a network game with local payoff complementarities, together with a globally uniform payoff substitutability component and an ownconcavity effect....

Persistent link: https://www.econbiz.de/10010851489