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In a model with private information of the worker about her ability and unobservable effort choice, the role of public … information rent if the employment exchange is inefficient and the employer chooses not to use the private agency. -- principal …
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In this experimental study we analyse three collective and one individual punishment rule in a public good setting. We show that under all punishment rules cooperation is stronger and more sustainable than reported from settings without punishment. Moreover, we present evidence and explanations...
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. -- evolution ; oligopoly ; market research ; private information …
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