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This paper justifies the evolution of the college admissions system in China from a mechanism design perspective. The sequential choice algorithm and the parallel choice algorithm used in the context of China's college admissions system are formulated as the well-studied Boston mechanism and the...
Persistent link: https://www.econbiz.de/10010899518
democracies, governments need to convince their populations through efficient and persuasive information campaigns. In the context …, with 175 participants, to explore what type of information can induce change in vaccination intentions at both aggregate …, and that it is information of a purely scientific nature that has the only significant positive effect on intention to …
Persistent link: https://www.econbiz.de/10010930176
We study the impact of information manipulation by a principal on the agent's effort. In a context of asymmetric … information at the principal's advantage, we test experimentally the principal's willingness to bias (overestimate or under …-estimate) the information she gives to her agent on his ability in order to motivate him to exert more effort. We find that i …
Persistent link: https://www.econbiz.de/10008790485
We devise an experiment to explore the effect of different degrees of bargaining power on the design and the selection … of contracts in a hidden-information context. In our benchmark case, each principal is matched with one agent of unknown … number of agents because competition reduces the agents' informational monopoly power. However, this environment also …
Persistent link: https://www.econbiz.de/10009220690
gender of people with whom they interact. Participants are given information about the gender of the co-participant they are …-participant directly influences men's choices (men compete less against other men than against women), but only when the gender information … is made sufficiently salient. A higher predicted competitiveness of women induces more competition. Giving stronger …
Persistent link: https://www.econbiz.de/10010739726
We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden-information … 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/10008788974
such differences are driven by different attitudes towards competition. In our experiment subjects choose between a …
Persistent link: https://www.econbiz.de/10008790516
We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden-information … 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/10008791535
The 'ratchet effect' refers to a situation where a principal uses private information that is revealed by an agent … 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 …
Persistent link: https://www.econbiz.de/10008792254
such differences are driven by different attitudes towards competition. In our experiment subjects choose between a …
Persistent link: https://www.econbiz.de/10008792259