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administered incentives. -- principal agent ; experiment ; specific human capital …
Persistent link: https://www.econbiz.de/10009580472
sequencing structure of game types, game rules do matter, and directional learning theory offers a partial explanation for bid …
Persistent link: https://www.econbiz.de/10009581102
bidders. In our experiment participants face four auction types (first versus second price - auction versus fair division game …
Persistent link: https://www.econbiz.de/10009582405
Experimental studies have shown that trust and reciprocity are effective in increasing efficiency when complete contracting is infeasible. One example is the study by Berg et al. (1995) of the investment game. In this game the person who receives the investment is the one who may reward the...
Persistent link: https://www.econbiz.de/10009612013
that are well known from game theory and evolutionary game theory to solve these games. For illustration we include two …
Persistent link: https://www.econbiz.de/10009580475
observed in the experiment aim at fair surplus sharing. -- principal-agent theory ; contract theory ; fair sharing ; incentive …Modern 'principal-agent theory' has made a lot of progress in proposing theoretical Solutions to agency problems. This … evidence on offered contracts and effort choices in a simple agency game. In line with principal-agent theory we find that in …
Persistent link: https://www.econbiz.de/10009581090
"Presenting innovative modelling approaches to the analysis of fiscal policy and government debt, this book moves beyond previous models that have relied upon the assumption that various age-specific rates and policy variables remain unchanged when it comes to generating government expenditures...
Persistent link: https://www.econbiz.de/10012416712
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pt. 1. Introduction -- pt. 2. Theory and policy -- pt. 3. Tax functions and choices -- pt. 4. Tax revenue -- pt. 5. Tax …
Persistent link: https://www.econbiz.de/10011851964
"Combining theoretical and practical aspects of policy analysis, this book evaluates actual and proposed policy reforms to income tax and transfer systems, using a behavioural tax microsimulation model. It highlights how these models allow for the full details of tax systems and the considerable...
Persistent link: https://www.econbiz.de/10013331161