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Competition, Hidden Information, and Efficiency: an Experiment

Cabrales, Antonio; Charness, Gary; Villeval, Marie-Claire - Groupe d'Analyse et de Théorie Économique Lyon … - 2006

We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden … principals. We first show theoretically how these different degrees of competition affect outcomes and efficiency. Informational … relative number of agents because competition reduces the agents’ informational monopoly power. However, this environment also …

Persistent link: https://www.econbiz.de/10005086286

Competition and the Ratchet Effect

Charness, Gary; Kuhn, Peter; Villeval, Marie-Claire - Groupe d'Analyse et de Théorie Économique Lyon … - 2008

competition for principals or agents. While we do observe substantial and significant ratchet effects in the baseline (no … competition) case of our model, we find that ratchet behavior is nearly eliminated by labor-market competition; interestingly this …

Persistent link: https://www.econbiz.de/10005056876

Cooperation and Competition in Intergenerational Experiments in the Field and the Laboratory

Charness, Gary; Villeval, Marie-Claire - Groupe d'Analyse et de Théorie Économique Lyon … - 2009

to competition. The implication is that it may be beneficial to define additional incentives near the end of the career …

Persistent link: https://www.econbiz.de/10008494241

Experimental Evidence on Inequity Aversion and Self-Selection between Incentive Contracts

Teyssier, Sabrina - Groupe d'Analyse et de Théorie Économique Lyon … - 2008

This paper reports on the results of an experiment testing whether the agents selfselect between a competitive payment … payment schemes are endogenously chosen by agents. We show that the choice of the competition is negatively affected by … disadvantageous inequity aversion and risk aversion. In the second half of the experiment, the effect of individual preferences is …

Persistent link: https://www.econbiz.de/10005056867

Market Power and Collusion on Interconnection Phone Market in Tunisia : What Lessons from International Experiences

Debbichi, Sami; Hichri, Walid - Groupe d'Analyse et de Théorie Économique Lyon … - 2014

. We show that the “conduct parameter” measuring the intensity of competition is not null during the period 1993 …

Persistent link: https://www.econbiz.de/10011031534

Agricultural marketing cooperatives with direct selling : A cooperative non cooperative game

Agbo, Maxime; Rousselière, Damien; Salanié, Julien - Groupe d'Analyse et de Théorie Économique Lyon … - 2014

We build a theoretical model to study a market structure of a marketing cooperative with direct selling, in which many farmers are members of an agricultural marketing cooperative. They can sell their production either to the cooperative or on an oligopolistic local market. We show that the...

Persistent link: https://www.econbiz.de/10011161045

Ingratiation and Favoritism : Experimental Evidence

Robin, Stéphane; Rusinowska, Agnieszka; Villeval, … - Groupe d'Analyse et de Théorie Économique Lyon … - 2012

We provide experimental evidence of workers’ ingratiation by opinion conformity and of managers’ discrimination in favor of workers with whom they share similar opinions. In our Baseline, managers can observe both workers’ performance at a task and opinions before assigning unequal...

Persistent link: https://www.econbiz.de/10010858024

Aging and Attitudes Towards Strategic Uncertainty and Competition: An Artefactual Field Experiment in a Swiss Bank

Madiès, Thierry; Villeval, Marie-Claire; Wasmer, Malgorzata - Groupe d'Analyse et de Théorie Économique Lyon … - 2012

We study the attitudes of junior and senior employees towards strategic uncertainty and competition, by means of a …

Persistent link: https://www.econbiz.de/10010858028

Social preferences and lying aversion in children

Maggian, Valeria; Villeval, Marie Claire - Groupe d'Analyse et de Théorie Économique Lyon … - 2013

While previous research has shown that social preferences develop in childhood, we study whether this development is accompanied by reduced use of deception when lies would harm others, and increased use of deception to benefit others. In a sample of children aged between 7 and 14, we find...

Persistent link: https://www.econbiz.de/10010858030

Bubbles and Incentives : An Experiment on Asset Markets

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...

Persistent link: https://www.econbiz.de/10010858034