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We introduce a class of two-player cooperation games where each player faces a binary decision, enter or exit. These games have a unique Nash equilibrium of entry. However, entry imposes a large enough negative externality on the other player such that the unique social optimum involves the...
Persistent link: https://www.econbiz.de/10005556669
}punishments and rewards to align incentives. Field data is mixed on whether, and to what extent, such informal incentive contracting …, the impact of ex post incentives on informal contracts between principals and agents in bargaining environments in which …
Persistent link: https://www.econbiz.de/10005556679
Surveys provide widely cited measures of political knowledge. Do unusual aspects of survey interviews affect these measures? An experiment on a nationally representative sample of over 1200 Americans provides an answer. Respondents are randomly assigned to one of four groups. A control group...
Persistent link: https://www.econbiz.de/10005125560
There was (and still is) a lot of speculation about the current performance and structure of the Pietermaritzburg and uMgungundlovu District economy and business environment. The debate is mainly driven by haphazard observations and subjective feelings, thus hampering effective and efficient...
Persistent link: https://www.econbiz.de/10005556680
This paper presents experimental evidence about how individuals learn from information that comes from inside versus outside their ethnic group. In the experiment, Thai subjects observed information that came from Americans and other Thais that they could use to help them answer a series of...
Persistent link: https://www.econbiz.de/10005125584