punishment option and compare it to the behavior of individuals in a laboratory experiment. We also consider different team … investigates team decisions in different settings. We study team decisions in a public goods contribution game with a costly …, regardless of the team decision rule. Overall, teams yield higher payoffs than individuals. …

effort provision. We test the model in a laboratory experiment and confirm its main predictions. Our results have important …

We analyze linear, weakest-link and best-shot public goods games in which a distinguished team member, the team … allocator, has property rights over the benefits from the public good and can distribute them among team members. These team … exist in work teams. Our results show that the introduction of a team allocator leads to pronounced cooperation in both …

We introduce "group cohesion" to study the economic relevance of social relationships in team production. We …

one-shot behavioural experiment in Papua New Guinea fit exactly this pattern. They thus indicate neither an evolutionary …

The argument that policy risk, i.e., uncertainty about monetary and fiscal policy, has been holding back the economic … recovery in the U.S. during the Great Recession has a large popular appeal. We analyze the role of policy risk in explaining … business cycle fluctuations by using an estimated New Keynesian model featuring policy risk as well as uncertainty about …

that different risk-groups prefer different types of contracts, and that only the sequential contracts, which are …

liquidity risk and characterizes them. Both a solvency (leverage) and a liquidity ratio are required to control the … interpret the 2007 run on SIV and ABCP conduits. -- stress ; crises ; illiquidity risk ; insolvency risk ; leverage ratio …