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The 'ratchet effect' refers to a situation where a principal uses private information that is revealed by an agent …
Persistent link: https://www.econbiz.de/10012715529
There is economic pressure towards the postponement of the retirement age, but employers are still reluctant to employ older workers. We investigate the comparative behavior of juniors and seniors in experiments conducted both onsite with the employees of two large firms and in a conventional...
Persistent link: https://www.econbiz.de/10014197893
We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden-information …
Persistent link: https://www.econbiz.de/10014055844