administered incentives. -- principal agent ; experiment ; specific human capital …

leadership. Our data, however, does not confirm the theory. While Stackelberg equilibria are extremely rare we often observe …

We report on an experiment designed to compare Stackelberg and Cournot duopoly markets with quantity competition. For …

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 …

sequencing structure of game types, game rules do matter, and directional learning theory offers a partial explanation for bid …

bidders. In our experiment participants face four auction types (first versus second price - auction versus fair division game …

In theory, the incidence of a tax should be independent of which side of the market it is levied on. This principle of …

In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different …, while the second contract gives an additional sales bonus. Although theory predicts the second contract to be chosen, it is …

setting behavior is in general consistent with the theory. Capacities converge above the Cournot level. Sellers rarely manage …