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experiment with four types of contracts (standard debt contract, outside equity, non-monotonic contract, full-subsidy contract …
Persistent link: https://www.econbiz.de/10009325864
In Geng, Weiss, and Wolff(2011), we pointed to the possibility that a voting mechanism may create or strengthen an entitlement effect in political-power holders relative to a random-appointment mechanism. This comment documents that such an effect, if it exists, is not robust.
Persistent link: https://www.econbiz.de/10010635290
We analyze the interplay between cooperation norms and people's punishment behavior in a social-dilemma game with multiple punishment stages. By combining multiple punishment stages with self- contained episodes of interaction, we are able to disentangle the e ects of retaliation and...
Persistent link: https://www.econbiz.de/10008542686
experiment with funding contracts that differ in the structure of investor repayment and, therefore, in the incentives for …
Persistent link: https://www.econbiz.de/10010579490
In this paper, we experimentally approach the question of which aspects of a voting procedure are able to restrict elected candidates' willingness to use their power in an opportunistic way. For this purpose, we rule out reelection concerns and analyse whether the presence of a vote by itself...
Persistent link: https://www.econbiz.de/10008642862