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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

Reassessing Qualitative Self-Assessments and Experimental Validation

Chapman, Jonathan; Ortoleva, Pietro; Snowberg, Erik; … - National Bureau of Economic Research - 2025

Qualitative self-assessments of economic preferences have recently gained popularity, often supported by experimental validation, a method that links them to choices in incentivized elicitations. We illustrate theoretically that experimental validation may fail to produce reliable new measures....

Persistent link: https://www.econbiz.de/10015326513

Leaving Money on the Table

Alston, Mackenzie; Deryugina, Tatyana; Shurchkov, Olga - National Bureau of Economic Research - 2025

There is much disagreement about the extent to which financial incentives motivate study participants. We elicit …

Persistent link: https://www.econbiz.de/10015398110

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

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

Optimal Inequality/Optimal Incentives : Evidence from a Tournament

Freeman, Richard B. - 2006

success in the tournament. Finally, we find that cheating/fudging on the experiment responds to the level of inequality and …

Persistent link: https://www.econbiz.de/10012466074

Incentives in HMOs

Gaynor, Martin - 2001

We study the effect of physician incentives in an HMO network. Physician incentives are controversial because they may … induce doctors to make treatment decisions that differ from those they would chose in the absence of incentives. We set out a … suggestive evidence that financial incentives linked to commonly used quality measures may stimulate an improvement in measured …

Persistent link: https://www.econbiz.de/10012470196

Incentives in Organizations

Gibbons, Robert - 1998

In this paper I summarize four new strands in agency theory that help me think about incentives in real organizations … assessments; incentives for skill development rather than simply for effort; and incentive contracts between versus within …

Persistent link: https://www.econbiz.de/10012472118

Optimal Incentive Contracts in the Presence of Career Concerns : Theory and Evidence

Gibbons, Robert - 1991

. In the presence of career concerns, the optimal compensation contract optimizes total incentives -- the combination of … the implicit incentives from career concerns and the explicit incentives from the compensation contract. Thus, the … explicit incentives from the optimal compensation contract should be strongest when a worker is close to retirement. We find …

Persistent link: https://www.econbiz.de/10012475208

Country Risk and Incentives Schemes

Aizenman, Joshua - 1986

The purpose of this paper is to address the role of endogenous default penalties that are contingent upon the intensity of default on the part of the borrowing nation, and to evaluate the effects of contingency plans that make the interest rate dependent upon variables that are correlated with...

Persistent link: https://www.econbiz.de/10012477039