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On the Use of Hierarchies to Complete Contracts when Players Have Limited Abilities

Boyer, M. Martin - Centre Interuniversitaire de Recherche en Analyse des … - 2004

result, the complete contract may become too complex (or too costly) to devise and manage directly. My contention in this …

Persistent link: https://www.econbiz.de/10005100944

Compensation and Auditing with Correlated Information

Boyer, M. Martin; González, Patrick - Centre Interuniversitaire de Recherche en Analyse des … - 2001

principal wants to design a contract that uses this correlated information. We find that the fully specified contract may be too …

Persistent link: https://www.econbiz.de/10005101028

Systemic Risk in the Financial Industry: Mimetism for the Best and for the Worst

Warin, Thierry; Prasch, Robert E. - Centre Interuniversitaire de Recherche en Analyse des … - 2013

information can itself be altered by the system's ""complexity,"" which in its extreme from can be described as ""opacity.""" …

Persistent link: https://www.econbiz.de/10011183686

Appels d'offres et enchères renversées : Résultats d'expériences

Richelle, Yves; Robert, Jacques - Centre Interuniversitaire de Recherche en Analyse des … - 2001

Ce travail fait suite au rapport intitulé « Appels d'offres et enchères ouvertes : Enjeux de design et propositions » rédigé par Y. Richelle, J. Robert et R. Gérin-Lajoie qui, d'une part, met en évidence les problèmes liés à l'utilisation des procédures actuelles et, d'autre part,...

Persistent link: https://www.econbiz.de/10005079415

Social Exchange and Risk and Ambiguity Preferences

Engle, John; Engle-Warnick, Jim; Laszlo, Sonia - Centre Interuniversitaire de Recherche en Analyse des … - 2011

We present an experiment in which we test for the effect of participating in a social exchange exercise on revealed …

Persistent link: https://www.econbiz.de/10009643790

Global Security Policies Against Terrorism and the Free Riding Problem: An Experimental Approach

Colombier, Nathalie; Masclet, David; Mirza, Daniel; … - Centre Interuniversitaire de Recherche en Analyse des … - 2009

The World Trade Center attack has shed light on the urgent need to implement preventing measures against terrorism and to enhance cooperation in the global security system for all countries. However, international coordination cannot be taken for granted. It is often ineffective and likely to...

Persistent link: https://www.econbiz.de/10008559320

Competitive Insurance Markets and Adverse Selection in the Lab

Riahi, Dorra; Lévy-Garboua, Louis; Montmarquette, Claude - Centre Interuniversitaire de Recherche en Analyse des … - 2010

a single full insurance contract. The therapy proposed by Rothschild and Stiglitz (1976) to solve this major … inefficiency consists of adding a partial insurance contract so as to obtain a self-selection of risks. We test the theoretical … binary lottery procedure. The results reveal a partial crowding out of low risks in the first experiment. Crowding out is not …

Persistent link: https://www.econbiz.de/10008560183

Keep it Down: An Experimental Test of the Truncated Uniform Price Auction

Doyon, Maurice; Rondeau, Daniel; Mbala, Richard - Centre Interuniversitaire de Recherche en Analyse des … - 2009

The introduction of a centralized institution for trading production rights in quota-regulated agricultural sectors can dramatically improve the flow of information among market pareticipants and increase efficiency. On the other hand, prevailing conditions in these small markets can provide...

Persistent link: https://www.econbiz.de/10008565455

Learning-by-Doing in an Ambiguous Environment

Engle-Warnick, Jim; Laszlo, Sonia - Centre Interuniversitaire de Recherche en Analyse des … - 2006

We experimentally test whether risk aversion or ambiguity aversion can explain decisions in a learning-by-doing game. We first measure subjects' preferences toward risk and ambiguity, and then use these measures to predict behavior in the game. We find that ambiguity averse subjects pay more...

Persistent link: https://www.econbiz.de/10005100515

Strategically Planned Behavior in Public Good Experiments

Keser, Claudia - Centre Interuniversitaire de Recherche en Analyse des … - 2000

Subjects submitted strategies for playing a public good game. The strategies interacted with each other in a computer simulation. They could be revised and resubmitted for a second and a third simulation round. The strategies' average contribution to the public good increased from one simulation...

Persistent link: https://www.econbiz.de/10005100527