We study the effects of competition in a context in which people's actions can not be contractually fixed. We find that … in such an environment the very presence of competition does neither increase efficiency nor does it yield any payoff … gains for the short side of the market. We also find that competition has a strong negative impact on social well-being, the …

maximization problem of the firm. As a result, monitoring and pay should be complements. In our experiment, between and within …

The formation of social ties is examined in an experimental study of voluntary public good provision. The experiment …

decision making in an interpersonal context. The influence of social comparison on risky choices is explored in an experiment …

dictator game. In our experiment teams are more selfish than individuals, and the most selfish team member has the strongest …

-making experiment preceding the take game. The game consists of two stages. In the first stage, the take authority decides how much …