Showing 1 - 10 of 177
example of how markets, as opposed to private negotiations, can be used to determine efficient contract terms. …
Persistent link: https://www.econbiz.de/10005233914
experimentally the behavioral forces stipulated in their theory. The evidence confirms the model's prediction that there is a … with established behavioral concepts, they cannot easily be explained by existing theories. The experiment appears to … reveal a new behavioral force: ex ante competition legitimizes the terms of a contract, and aggrievement and shading occur …
Persistent link: https://www.econbiz.de/10005763665
of religious behaviour towards "Theoi" in the laboratory. The theory we test is that, when faced with uncertainty …, individuals attempt to engage in a reciprocal contract with the source of uncertainty by sacrificing towards it. In our …
Persistent link: https://www.econbiz.de/10008560752
operations. The empirical findings support the model's prediction and demonstrate that the theory fairly describes the pattern of …
Persistent link: https://www.econbiz.de/10010959541
reduce the current and the future yield for both others and themselves. Accordingly, economic theory predicts that more … fishermen who exhibit a higher propensity for cooperation in a laboratory public goods experiment, and those who show more … patience in a laboratory time preference experiment, exploit the fishing grounds less in their daily lives. Moreover, because …
Persistent link: https://www.econbiz.de/10005822252
television game show World Poker Tour as a natural experiment. The results show that professional players strategically choose …
Persistent link: https://www.econbiz.de/10005822382
We use a unique data set about the wage distribution that Swiss students expect for themselves ex ante, deriving parametric and non-parametric measures to capture expected wage risk. These wage risk measures are unfettered by heterogeneity which handicapped the use of actual market wage...
Persistent link: https://www.econbiz.de/10005822469
We show that in a search/matching model with endogenous participation in which workers are heterogeneous with respect to market productivity, satisfying the Hosios rule leads to excessive vacancy creation. The reason is that the marginal worker does not internalize the effect of his or her...
Persistent link: https://www.econbiz.de/10005822510
The goal of scientific work is to understand more and more by less and less. In this effort, theoretical unification plays a large part. There are two main types of theoretical unification – unification of different theories of the same field of phenomena and unification of theories of...
Persistent link: https://www.econbiz.de/10005822968
This paper surveys the empirical literature on the behavior of referees in professional football and other sports. Referees are typically appointed by a principal to be impartial, especially when unbiased referee judgment is vital for the accomplishment of the principal's objective. Answering...
Persistent link: https://www.econbiz.de/10011213856