In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different … contracts which determine their managers' salaries. One contract simply gives managers incentives to maximize firm profits …, while the second contract gives an additional sales bonus. Although theory predicts the second contract to be chosen, it is …

We study whether selection affects motivation. In our experiment subjects first answer a personality questionnaire …

bidders. In our experiment participants face four auction types (first versus second price - auction versus fair division game …

In this note we present an experiment to compare the two competing fairness theories by Bolton / Ockenfels and Fehr … difficult to compare their predictive accuracy. We designed a very simple experiment that induces opposing predictions made by …

provision games. In our experiment participants can increase efficiency by gift giving at the cost of reducing their own …

observed in the experiment aim at fair surplus sharing. -- principal-agent theory ; contract theory ; fair sharing ; incentive … the terms of the contract. However, in contrast with economic predictions, we find that agents (i) reject 'unfair … contracts' and that (ii) given acceptance, their effort choices are to some extent driven by reciprocity. It seems that contract …