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The assumption that payoff-relevant information is observable but not verifiable is important for many core results in contract, organizational and institutional economics. However, subgame-perfect implementation (SPI) mechanisms - which are based on off-equilibrium arbitration clauses that...
Persistent link: https://www.econbiz.de/10010889984
We investigate the link between leadership, beliefs and pro-social behavior. This link is interesting because field evidence suggests that people’s behavior in domains like charitable giving, tax evasion, corporate culture and corruption is influenced by leaders (CEOs, politicians) and beliefs...
Persistent link: https://www.econbiz.de/10010948862
In this paper we test the AK model of growth with laboratory experiments. In each period, agents produce and trade …
Persistent link: https://www.econbiz.de/10009651181
strength. We then present three experiments that study main predictions and implications of the model. The first is a simple … principal-agent experiment that shows that consistency is valued by others and that this value is anticipated. The second … experiment underlines the crucial role of early commitment for consistency preferences. Finally we show how preferences for …
Persistent link: https://www.econbiz.de/10009228620
We consider the interaction of intrinsic motivation and concerns for social approval in a laboratory experiment. We … elicit a proxy for Fairtrade preferences before the experiment in which we elicit willingness to pay for conventional and …
Persistent link: https://www.econbiz.de/10010723530
too. In a gift-exchange experiment with independent payoffs between two agents we find causal evidence for peer effects …
Persistent link: https://www.econbiz.de/10010757729
Does adverse selection hamper the effectiveness of voluntary risk sharing? How do differences in risk profiles affect adverse selection? We experimentally investigate individuals’ willingness to share risks with others. Across treatments we vary how risk profiles differ between individuals. We...
Persistent link: https://www.econbiz.de/10010639422
negotiations following the production. By means of a laboratory experiment, we systematically investigate their role for the whole …
Persistent link: https://www.econbiz.de/10008511615
then split joint benefits. We investigate how social preferences determine investments. In our experiment we find that even …-sharing can be successful in the experiment, even when it is not in a selfish world. …
Persistent link: https://www.econbiz.de/10008534038
Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests...
Persistent link: https://www.econbiz.de/10005094414