A central insight of agency theory is that when a principal offers a contract to a privately informed agent, the … report about an experiment with 508 participants designed to test whether this fundamental trade-off is actually relevant. In … particular, we investigate settings with both exogenous and endogenous information structures. We find that theory is indeed a …

candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …

maximization problem of the firm. As a result, monitoring and pay should be complements. In our experiment, between and within …

%). They occur in both directions, with more over-sampling (39%) than under-sampling (8%). The main difference with the theory … theory, with adversaries sampling more when their own cost is low and when the other adversary's cost is high. Finally, there … is little evidence of learning over the 40 matches of the experiment. …

find a large and positive effect of endogenous institutional choice on the level of cooperation in comparison to … exogenously implemented institutions. This suggests that democratic participation rights enhance cooperation in groups. With … high levels of cooperation. Our results are evaluated against the predictions of social preference models. …

agents are farsighted, related stability concepts have been proposed. We design a simple network formation experiment to test …

direction, we have conducted a laboratory experiment with 490 participants. We consider "cooperative" investments that directly … benefit the non-investing party. While according to standard theory, contracting would be useless if renegotiation cannot be …

Using a controlled experiment, we examine the role of nurture in explaining the stylized fact that women shy away from …

Extending the die rolling experiment of Fischbacher and Föllmi-Heusi (2013), we compare gender effects with respect to …