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advantaged in the grand (organization-wide) contest for two reasons: First, the incentive to free-ride is smaller in inter …-divisional contests. Second, competition in the intra-divisional contest is less fierce. Both effects induce a higher marginal utility of … effort provision. We test the model in a laboratory experiment and confirm its main predictions. Our results have important …
Persistent link: https://www.econbiz.de/10012138834
.e., succeeding in a competition is valuable per se. We design an experiment that allows us to disentangle financial and psychological …
Persistent link: https://www.econbiz.de/10013288029
We experimentally study decentralized one-to-one matching markets with transfers. We vary the information available to participants, complete or incomplete, and the surplus structure, supermodular or submodular. Several insights emerge. First, while markets often culminate in efficient...
Persistent link: https://www.econbiz.de/10012415563
We report on the results of an experiment designed to disentangle behavioral biases in information aggregation of …
Persistent link: https://www.econbiz.de/10014442413
Work and trade relationships are often governed by relational contracts, in which incentives for cooperative action today stem from the prospective future benefits of the relationship. In this paper, we study how reductions in clarity about the financial consequences of actions, induced by...
Persistent link: https://www.econbiz.de/10011521953
This paper uses a field experiment to answer how information frictions between parents and their children affect …
Persistent link: https://www.econbiz.de/10010533076
experiment that varies freelance professionals’ incentives to attract attention about scientific findings, with several online …
Persistent link: https://www.econbiz.de/10015402019
In this paper we conduct a laboratory experiment to test the extent to which Moore and Repullo’s subgame perfect …
Persistent link: https://www.econbiz.de/10010506318
During the past two centuries, western nations have successively extended the voting franchise to citizens of lower income. We explain this process of democratization as a rational way for incumbent elites to wage war effectively on other nations, as in a strategic game of international conflict...
Persistent link: https://www.econbiz.de/10011452800
that increases wealth or through a contest in which unproductive (rent-seeking) effort is used to redistribute wealth …
Persistent link: https://www.econbiz.de/10014456231