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The perks of being in the smaller team : incentives in overlapping contests
March, Christoph; Sahm, Marco - 2019
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
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Cooperation and mistrust in relational contracts
Herz, Holger; Schmutzler, Armin; Volk, André - 2016
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
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Opacity in bargaining over public good provision
Lamprecht, Julian; Thum, Marcel - 2022
We consider ultimatum bargaining over the provision of a public good. Offer-maker and responder can delegate their decisions to agents, whose actual decision rules are opaque. We show that the responder will benefit from strategic opacity, even with bilateral delegation. The incomplete...
Persistent link: https://www.econbiz.de/10013332120
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Why do committees work?
Breitmoser, Yves; Valasek, Justin - 2023
We report on the results of an experiment designed to disentangle behavioral biases in information aggregation of …
Persistent link: https://www.econbiz.de/10014442413
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Parent-child information frictions and human capital investment : evidence from a field experiment
Bergman, Peter - 2015
This paper uses a field experiment to answer how information frictions between parents and their children affect …
Persistent link: https://www.econbiz.de/10010533076
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The role of bounded rationality and imperfect information in subgame perfect implementation : an empirical investigation
Aghion, Philippe; Fehr, Ernst; Holden, Richard T.; … - 2015
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
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Democracy and international conflict
Vesperoni, Alberto; Wärneryd, Karl - 2016
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
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Efficiency and equity : a general equilibrium analysis of rent-seeking
Heijdra, Ben J.; Heijnen, Pim - 2021
.e. a contest against other rent-seekers). At the aggregate level, rent-seeking reduces the available amount of labor in the …
Persistent link: https://www.econbiz.de/10012652831
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Lying in competitive environments : a clean identification of behavioral impacts
Dato, Simon; Feess, Eberhard; Nieken, Petra - 2022
.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
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Effort comparisons for a class of four-player tournaments
Cağlayan, Deren; Karagözoğlu, Emin; Keskin, Kerim; … - 2020
We propose a novel tournament design that incorporates the main properties of a round-robin tournament, a Swiss tournament, and a race. Following an equilibrium analysis, we compare 36 tournament structures inherent in our model and several well-known tournament models from the literature, on...
Persistent link: https://www.econbiz.de/10012387628