oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers … types of signalling equilibria are possible. Both are characterised by dispersion and Pareto-inefficiency of the price …/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with higher prices in the …

performance in an international economy. We find support for the hypothesis that out-of-equilibrium price uncertainty affects the …-compensated price-mechanism'. We also find that the downward pressure on wages is exacerbated by an over-supply of labor by consumers …

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

-making experiment preceding the take game. The gameconsists of two stages. In the first stage, the take authority decides howmuch income …-69, as: 'Emotional Hazard in a Power-to-Take Experiment'. …

riding. In this paper we report an attempt to reproduce the findings of Mas and Moretti in a lab experiment. Lab experiments … colleagues whom they observe. Although the subjects in our experiment are aware of the productivity of others and although there …

risky choices is explored in an experiment in which participants make a series of choices between lotteries with only …

verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective …

contextual clues, can lead to strange behavior. In a contextless second price auction for a meaningless good, a majority of … what they think they are tasked with in the experiment. Adding a second auction that has a context drastically reduces the …