resource windfalls affect equilibrium factor shares. The theory suggests that the response of factor shares to exogenous …

This paper experimentally investigates the impact of different pay and relative performance information policies on … employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through … off. Moreover, in both pay schemes information feedback reduces the quality of the low performers' work. -- Performance …

under secrecy. This occurs despite subjects revealing more information under transparency than theory predicts. … concerned committee members receive private information of different type-dependent accuracy, deliberate and vote. We study … affects information aggregation at the deliberation and voting stages, leading to sharply different committee error rates than …

beliefs; (ii) whether this bias would disappear for weight and height, when the information is perfectly available. We find a … information is readily available as in height and weight. We present evidence from our experiment that limited attention and self …