Showing 1 - 10 of 117
We study the ability of multi-group teams to undertake binary projects in a decentralized environment. The equilibrium outcomes of our model display familiar features in collaborative settings, including inefficient gradualism, inaction, and contribution cycles, wherein groups alternate taking...
Persistent link: https://www.econbiz.de/10013462704
Since formal rules can only partially reduce opportunistic behavior, third-party sanctioning to promote fairness is … business and not snitch on others. In a set of fairness games where a third party can punish unfair behavior, but players can …
Persistent link: https://www.econbiz.de/10014635680
We study how reelection concerns affect reciprocity by elected leaders to the voters who elected them. If showing … reciprocity? We present a signalling model of candidate behavior, where we show that candidates may limit intrinsic reciprocity to … reelected may limit intrinsic reciprocity of an elected leader to the voters who put her in office, but does not eliminate it …
Persistent link: https://www.econbiz.de/10012481495
In an experiment that elicits subjects' willingness to pay (WTP) for the outcome of a lottery, we confirm the fourfold pattern of risk attitudes described by Kahneman and Tversky. In addition, we document a systematic effect of stake sizes on the magnitude and sign of the relative risk premium,...
Persistent link: https://www.econbiz.de/10013388772
Team incentives are important in many compensation systems that pay workers according to the output of their team as well as to their own output, with team bonuses often depending on whether the team meets or exceeds specified thresholds. Yet little is known about how team members with different...
Persistent link: https://www.econbiz.de/10013388782
Multiple price lists are a convenient tool to elicit willingness to pay (WTP) in surveys and experiments, but choice patterns such as "multiple switching" and "never switching" indicate high error rates. Existing measurement approaches often do not provide accurate standard errors and cannot...
Persistent link: https://www.econbiz.de/10013388789
We explore the labor market for Hispanic high school graduates in the United States by age using information from the US Census, American Community Survey, Current Population Survey, and three laboratory experiments. We find, in general, that the differences in outcomes for Hispanic and...
Persistent link: https://www.econbiz.de/10013334390
We propose and initiate the study of privacy elasticity--the responsiveness of economic variables to small changes in the level of privacy given to participants in an economic system. Individuals rarely experience either full privacy or a complete lack of privacy; we propose to use differential...
Persistent link: https://www.econbiz.de/10013334433
This study investigates how to use regression adjustment to reduce variance in experimental data. We show that the estimators recommended in the literature satisfy an orthogonality property with respect to the parameters of the adjustment. This observation greatly simplifies the derivation of...
Persistent link: https://www.econbiz.de/10013477248
A rich literature explores gender differences between men and women, but an increasing share of the population identifies their gender in some other way. Analyzing data on roughly 10,000 students and 1,500 adults, we find that such gender minorities are less confident and provide less favorable...
Persistent link: https://www.econbiz.de/10014468261