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Social Insurance, Information Revelation, and Lack of Commitment
Golosov, Mikhail - 2014
We study the optimal provision of insurance against unobservable idiosyncratic shocks in a setting in which a benevolent government cannot commit. A continuum of agents and the government play an infinitely repeated game. Actions of the government are constrained only by the threat of reverting...
Persistent link: https://www.econbiz.de/10012458032
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An Economic Approach to Alleviate the Crises of Confidence in Science : With an Application to the Public Goods Game
Butera, Luigi - 2017
begin by reporting results from an experiment in which we investigate how cooperation in allocation games is affected by the …. Nevertheless, the incentives to replicate are seldom in place in the sciences, especially within the social sciences. We propose a … that adding uncertainty enhances cooperation. This surprising result serves as a test case for our mechanism: instead of …
Persistent link: https://www.econbiz.de/10012455346
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Learning Through Imitation : an Experiment
Agranov, Marina; Lopez-Moctezuma, Gabriel; Strack, Philipp - National Bureau of Economic Research - 2022
We compare how well agents aggregate information in two repeated social learning environments. In the first setting agents have access to a public data set. In the second they have access to the same data, and also to the past actions of others. Despite the fact that actions contain no...
Persistent link: https://www.econbiz.de/10013191057
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Coordination with Differential Time Preferences : Experimental Evidence
Agranov, Marina; Kim, Jeongbin; Yariv, Leeat - National Bureau of Economic Research - 2023
The experimental literature on repeated games has largely focused on settings where players discount the future identically. In applications, however, interactions often occur between players whose time preferences differ. We study experimentally the effects of discounting differentials in...
Persistent link: https://www.econbiz.de/10014287389
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Incentive Contracts
Lazear, Edward P. - 1986
Persistent link: https://www.econbiz.de/10012477157
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Who’s Paying Attention? Measuring Common Ownership and Its Impact on Managerial Incentives
Gilje, Erik P. - 2019
We derive a measure that captures the extent to which overlapping ownership structures shift managers' incentives to … possibility that the growth of common ownership has had a significant impact on managerial incentives …
Persistent link: https://www.econbiz.de/10012479596
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Misperceptions, Moral Hazard, and Incentives in Groups
Gaynor, Martin - 1987
Recent work has shown that, in the presence of moral hazard, balanced budget Nash equilibria in groups are not pareto-optimal. This work shows that when agents misperceive the effects of their actions on the joint outcome, there exist a set of sharing rules which balance the budget and lead to a...
Persistent link: https://www.econbiz.de/10012476839
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Compensation Matters : Incentives for Multitasking in a Law Firm
Bartel, Ann - 2013
compensation plans on personal productivity. We study an international law firm that moves from high-powered individual incentives … towards incentives for "leadership" activities that contribute to the firm's long run profitability. The effect of this change …
Persistent link: https://www.econbiz.de/10012459249
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Keeping Up Appearances : An Experimental Investigation of Relative Rank Signaling
Dupas, Pascaline; Fafchamps, Marcel; Hernandez-Nunez, Laura - National Bureau of Economic Research - 2024
We investigate the potential welfare cost of relative rank considerations using a series of vignettes and lab-in-the-field experiments with over 2,000 individuals in Abidjan, Ivory Coast. We show that: (1) individuals judged to be of a lower rank are perceived as more likely to be sidelined from...
Persistent link: https://www.econbiz.de/10014544769
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Is it the Message or the Messenger? Examining Movement in Immigration Beliefs
Afrouzi, Hassan; Arteaga, Carolina; Weisburst, Emily - National Bureau of Economic Research - 2023
that matters? Using a large-scale experiment we decompose the relative importance of partisan messages vs leader sources …
Persistent link: https://www.econbiz.de/10014322773