Robin, Stéphane; Straznicka, Katerina; Villeval, Marie … - Groupe d'Analyse et de Théorie Économique Lyon … - 2012
We explore the effects of competitive incentives and of their time horizon on the evolution of both asset prices and trading activity in experimental asset markets. We compare i) a no-bonus treatment based on Smith, Suchanek and Williams (1988) ; ii) a short-term bonus treatment in which bonuses...