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Increasing inequality and associated egalitarian sentiments have again put redistribution on the political agenda. Other-regarding preferences may also affect support for redistribution, but knowledge about their distribution in the broader population and how they are associated with political...
Persistent link: https://www.econbiz.de/10014083850
In this paper we show that subtle forms of deceit undermine the effectiveness of incentives.We design an experiment in which the principal has an interest in underreporting the trueperformance difference between the agents in a dynamic tournament...
Persistent link: https://www.econbiz.de/10005861196
Authority and power permeate political, social, and economic life, but empirical knowledge about the motivational origins and consequences of authority is limited. We study the motivation and incentive effects of authority experimentally in an authority-delegation game. Individuals often retain...
Persistent link: https://www.econbiz.de/10013096479
The assumption that payoff-relevant information is observable but not verifiable is important for many core results in contract, organizational and institutional economics. However, subgame-perfect implementation (SPI) mechanisms – which are based on off-equilibrium arbitration clauses that...
Persistent link: https://www.econbiz.de/10013047854
In this paper we conduct a laboratory experiment to test the extent to which Moore and Repullo's subgame perfect implementation mechanism induces truth-telling in practice, both in a setting with perfect information and in a setting where buyers and sellers face a small amount of uncertainty...
Persistent link: https://www.econbiz.de/10013023778
Typically, laboratory experiments suffer from homogeneous subject pools and self-selectionbiases. The usefulness of survey data is limited by measurement error and by thequestionability of their behavioral relevance. Here we present a method integrating interactiveexperiments and representative...
Persistent link: https://www.econbiz.de/10014255643
Throughout human history, informal sanctions played a key role in the enforcement of social norms and the provision of public goods. However, a considerable body of evidence suggests that informal peer sanctions often cause large efficiency costs. This raises the question whether alternative...
Persistent link: https://www.econbiz.de/10012920461
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