Showing 1 - 10 of 1,035
, potential candidates compete in a contest to become their party's nominee. At the election stage, the nominated candidates … campaign by making non-binding promises to voters. Confirming the model's key predictions, we find in the experiment that …
Persistent link: https://www.econbiz.de/10011543745
In this paper, we describe a series of laboratory experiments that implement specific examples of a more general network structure and we examine equilibrium selection. Specifically, actions are either strategic substitutes or strategic complements, and participants have either complete or...
Persistent link: https://www.econbiz.de/10010344833
"We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden …
Persistent link: https://www.econbiz.de/10003373398
We develop a model of strategic contractual incompleteness that identifies conditions under which principals might omit even costlessly verifiable terms. We then use experiments to test comparative statics predictions of the model. While it is well known that verifiability imperfections can...
Persistent link: https://www.econbiz.de/10010457849
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/10010510004
We perform an incentivized experiment designed to assess the accuracy of beliefs about characteristics and decisions … information is readily available as in height and weight. We present evidence from our experiment that limited attention and self …
Persistent link: https://www.econbiz.de/10010488302
Persistent link: https://www.econbiz.de/10001776055
experiment in which employers cannot observe a worker's ability nor verify the veracity of the ability the worker claims to have …
Persistent link: https://www.econbiz.de/10012316056
We exploit a natural experiment in which two professionals compete in a one-stage contest without strategic motives and … contest design are also discussed. …
Persistent link: https://www.econbiz.de/10011455776
type. We consider a contest with two interest groups: one that is governed by a central planner and one that is not. Rent … dissipation is compared under two well-known contest success functions: the generalized logit and the all-pay auction. We also … resources invested in the contest. …
Persistent link: https://www.econbiz.de/10010212997