Showing 1 - 10 of 111
Mechanisms to overcome social dilemmas provide incentives to maximize efficiency. However, often – such as when agents are heterogeneous – there is a trade-off between efficiency and equality. Agents' concerns for equality in such instances can limit the ability of mechanisms to promote...
Persistent link: https://www.econbiz.de/10011401649
to the employer before a contract is offered (ex ante communication) and in which the employer can send negative or … positive feedback to the worker after the worker has chosen effort (ex post communication). The results indicate that feedback …
Persistent link: https://www.econbiz.de/10011653248
networks, such coordination may be very difficult to achieve and may depend on the communication technology and the network … structure. We examine how pre-play communication and clustering within networks affect coordination in a challenging … outcome in our game, but restricted communication (where subjects can only indicate their intended action) is almost entirely …
Persistent link: https://www.econbiz.de/10012059077
In this paper, we study the effects of business culture on market efficiency. We exogenously vary the type of business culture between business-is-business cultures, which consist on impersonal relationships where financial matters are paramount, and business-is-family cultures, which comprise...
Persistent link: https://www.econbiz.de/10012059128
We study communication in committees selecting one of two alternatives when consensus is required and agents have … reached. We vary the amount of feedback and the communication protocol available to voters: complete secrecy about the pattern … of support; feedback about this support; public communication; and within-group communication. The feedback no-communication …
Persistent link: https://www.econbiz.de/10011873599
This paper examines the relationship between consanguinity and frequency of communication between spouses using a … suggest that being related to one's spouse does not influence inter-spousal communication. However, we find evidence of some … marriage characteristics that are associated with inter-spousal communication. The paper presents first empirical evidence …
Persistent link: https://www.econbiz.de/10011931621
Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in … environments where signals about others' actions are noisy. However, empirically the exact role of communication is not well … understood. We study cooperation under different monitoring and communication structures in the laboratory. Under all monitoring …
Persistent link: https://www.econbiz.de/10011931862
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 true performance difference between the agents in a dynamic tournament. According to the standard approach, rational...
Persistent link: https://www.econbiz.de/10010268559
We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the optimal design of conditional reforms. Our model predicts that when agency problems are especially severe, and/or IMF information is valuable, a centralized control is indeed...
Persistent link: https://www.econbiz.de/10010269064
Team success relies on assigning team members to the right tasks. We use controlled experiments to study how roles are assigned within teams and how this affects team performance. Subjects play the takeover game in pairs consisting of a buyer and a seller. Understanding optimal play is very...
Persistent link: https://www.econbiz.de/10010278414