We present an economic experiment on network formation, in which subjects can decide to form links to one another …. Direct links are costly but being connected is valuable. The gametheoretic basis for our experiment is the model of Bala and …

This paper investigates physiological responses to perceptions of unfair pay. In a simple principal agent experiment … experiment we record agents' heart rate variability. Our findings provide evidence of a link between perceived unfairness and … health, and fairness of pay. …

strength. We then present three experiments that study main predictions and implications of the model. The first is a simple … principal-agent experiment that shows that consistency is valued by others and that this value is anticipated. The second … experiment underlines the crucial role of early commitment for consistency preferences. Finally we show how preferences for …

interaction effects. We conduct an experiment that avoids the identification problem present in the field. Our novel design …

foundation of social preferences is largely based on laboratory experiments with self-selected students as participants. This is … potentially problematic as students participating in experiments may behave systematically different than non …-participating students or non-students. In this paper we empirically investigate whether laboratory experiments with student samples …

the agent’s motivation to perform well. Before the agent chooses his performance, the principal in our experiment decides … opportunistically. We find that most principals in our experiment do not restrict the agent’s choice set but trust that the agent will …

theories of fairness and reciprocity capture these forces. We find that cooperators’ punishment is almost exclusively targeted … between different fairness principles. Fairness theories that are based on the assumption that players compare their own … the defectors. Fairness theories assuming that players aim to minimize payoff inequalities cannot explain the fact that …

candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …