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principals. We first show theoretically how these different degrees of competition affect outcomes and efficiency. Informational … inefficiencies remain. In contrast, when agents compete to be hired, efficiency improves dramatically, and it increases in the …
Persistent link: https://www.econbiz.de/10005703707
We devise a new experimental game by nesting a voluntary contributions mechanism in a broader spectrum of incentive schemes. With it, we study tensions between egalitarianism, equity concerns, self-interest, and the need for incentives. In a 2x2 design, subjects either vote on or exogenously...
Persistent link: https://www.econbiz.de/10008678697
We study experimentally the protection of property in five widely distinct countries – Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly...
Persistent link: https://www.econbiz.de/10011128038