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a range of simple experimental games that test these theories more directly than existing experiments. Our experiments …
Persistent link: https://www.econbiz.de/10005556538
Principals can attempt to get agents to perform certain actions preferable to the principal by using ex post}punishments and rewards to align incentives. Field data is mixed on whether, and to what extent, such informal incentive contracting (paradoxically) crowds out efficient solutions to the...
Persistent link: https://www.econbiz.de/10005556679
conduct experiments on simple two-person and three-person games with binary choices that test these theories more directly …
Persistent link: https://www.econbiz.de/10005062663
It is traditional in experimental games to allow participants to choose only actions or possibly communicate intended play. In sequential two-person games, we require first movers to express a preference between responder choices. We find that responder behavior differs substantially according...
Persistent link: https://www.econbiz.de/10005119388
' concern for fairness, and the tradeoff the disadvantaged player makes between pursuing a fair outcome from a disadvantaged … weak players persist in seeking "fairness" is also a function of how much it (potentially) costs them to do so. Students …-cost bargainers to demand fairness and to persist in their demands was a function of how much it cost them to do so, and the degree to …
Persistent link: https://www.econbiz.de/10005556668
Experiments with the ultimatum game -- where one party can make a take-it-or-leave-it offer to a second party on how to split a pie -- illustrate that conventional game theory has been wrong in its predictions regarding the simplest of bargaining settings: Even when one party has enormous...
Persistent link: https://www.econbiz.de/10005119421
We examine the characteristics and relative strength of third-party sanctions in a series of experiments. We hypothesize that egalitarian distribution norms and cooperation norms apply in our experiments, and that third parties, whose economic payoff is unaffected by the norm violation, may be...
Persistent link: https://www.econbiz.de/10005125599
This paper uses the data gained from an income categorization experiment for five shapes of income distributions to investigate background context effects, relative deprivation, range-frequency theory to explain back-ground context effects,individual income satisfaction versus aggregate...
Persistent link: https://www.econbiz.de/10005125602
Persistent link: https://www.econbiz.de/10005408217
We examine how social preferences affect behavior and surplus in relational contracts. Experimental subjects participate in a contracting environment similar to Brown, Falk, and Fehr [Brown, M., Falk, A. & Fehr, E., “Relational Contracts and the Nature of Market Interactions, Econometrica, 72...
Persistent link: https://www.econbiz.de/10005561830