Similar Search Results

Reputations, Relationships and the Enforcement of Incomplete Contracts

MacLeod, W. Bentley - CESifo - 2006

incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or …

Persistent link: https://www.econbiz.de/10005766147

Observable Strategies, Commitments, and Contracts

Wärneryd, Karl - CESifo - 2014

We consider rules (strategies, commitments, contracts, or computer programs) that make behavior contingent on an opponent’s rule. The set of perfectly observable rules is not well defined. Previous contributions avoid this problem by restricting the rules deemed admissible. We instead limit...

Persistent link: https://www.econbiz.de/10011086457

Maquiladoras and Informality: A Mixed Blessing

Heid, Benedikt; Larch, Mario; Riaño, Alejandro - CESifo - 2011

Mexico experienced a tremendous expansion of its export-processing maquila sector during the 1990s. At the same time, a … market outcomes in Mexico. We develop a heterogeneous firm model with imperfect labor markets that captures salient features … experiment in which we shut down the informal sector completely results in a reduction of Mexican welfare of 33.5% relative to …

Persistent link: https://www.econbiz.de/10009391722

How Do Judgmental Overconfidence and Overoptimism Shape Innovative Activity?

Herz, Holger; Schunk, Daniel; Zehnder, Christian - CESifo - 2013

Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue that the connection between overconfidence and innovation is more complex than the previous literature suggests. In particular, we show theoretically and experimentally that...

Persistent link: https://www.econbiz.de/10010877694

Growing Groups, Cooperation, and the Rate of Entry

Ranehill, Eva; Schneider, Frédéric; Weber, Roberto A. - CESifo - 2014

We study the stability of voluntary cooperation in response to varying rates at which a group grows. Using a laboratory public-good game with voluntary contributions and economies of scale, we construct a situation in which expanding a group’s size yields potential efficiency gains, but only...

Persistent link: https://www.econbiz.de/10010877699

Justice under Uncertainty

Cettolin, Elena; Riedl, Arno - CESifo - 2013

choices have uncertain outcomes. We report the results of a first experiment investigating just allocations of resources when …

Persistent link: https://www.econbiz.de/10010877816

Organizations, Diffused Pivotality and Immoral Outcomes

Falk, Armin; Szech, Nora - CESifo - 2013

This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for money or to save mice. We compare a Baseline treatment where subjects are fully pivotal to a Diffused-Pivotality treatment where subjects simultaneously choose in groups of...

Persistent link: https://www.econbiz.de/10010877864

More than Thirty Years of Ultimatum Bargaining Experiments: Motives, Variations, and a Survey of the Recent Literature

Güth, Werner; Kocher, Martin G. - CESifo - 2013

subjectively-colored, recollection of the initial ultimatum game experiment, its motivation and the immediate responses. Second, we …

Persistent link: https://www.econbiz.de/10010877980

Self-Confidence and Strategic Behavior

Charness, Gary; Rustichini, Aldo; Ven, Jeroen van de - CESifo - 2013

We test experimentally an explanation of over and under confidence as motivated by (perhaps unconscious) strategic concerns, and find compelling evidence supporting this hypothesis in the behavior of participants who send and respond to others’ statements of confidence about how well they have...

Persistent link: https://www.econbiz.de/10010877986

Self Control and Intertemporal Choice: Evidence from Glucose and Depletion Interventions

Kuhn, Michael A.; Kuhn, Peter; Villeval, Marie Claire - CESifo - 2014

Recent developments in economic theory model intertemporal choice decisions as problems of restraining one’s natural impulse to consume today. We use interventions that have been shown in the psychology literature to affect impulse control to examine whether this is indeed the case for...

Persistent link: https://www.econbiz.de/10010877990