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We prove the existence of monotone pure strategy Bayesian equilibria in group contests under individual-level and group-level private information. For the latter type, we develop a novel approach reducing group contests to contests between individuals with multi-dimensional types, with...
Persistent link: https://www.econbiz.de/10011103327
We report experimental findings on the impact of network structure on decentralized monitoring and punishment in public goods games. In the environment we study, individuals can only directly monitor and punish their immediate neighbors in an exogenously determined network. We examine...
Persistent link: https://www.econbiz.de/10011095128
Contests between groups of workers are often used to create incentives in organizations. Managers can sort workers into groups in various ways in order to maximize total output. We explore how the optimal sorting of workers by ability in such environments depends on the degree of effort...
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Many empirical studies have found a positive association between economic development and democracy survival across countries; however, establishing a causal link between the two with naturally occurring data is problematic. We address this question in a laboratory experiment with democracy...
Persistent link: https://www.econbiz.de/10010902504
Overconfidence in one's relative performance within a group is a wide-spread phenomenon. Similar to individual (or within-group) overconfidence, it was also shown that individuals are, on average, overconfident about the performance of their group relative to other groups. We hypothesize that...
Persistent link: https://www.econbiz.de/10010902505