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Feedback in tournaments under commitment problems: theory and experimental evidence
Gürtler, Oliver; Harbring, Christine - 2007
In this paper, we analyze a principal's optimal feedback policy in tournaments. We close a gap in the literature by assuming the principal to be unable to commit to a certain policy at the beginning of the tournament. Our analysis shows that in equilibrium the principal reveals intermediate...
Persistent link: https://www.econbiz.de/10010268409
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Equality, equity and incentives: An experiment
Balafoutas, Loukas; Kocher, Martin G.; Putterman, Louis; … - 2010
We devise a new experimental game by nesting a voluntary contributions mechanism in a broader spectrum of incentive schemes. With it, we study tensions between egalitarianism, equity concerns, self-interest, and the need for incentives. In a 2x2 design, subjects eithervote on or exogenously...
Persistent link: https://www.econbiz.de/10010274671
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Gossip and the Efficiency of Interactions
Fehr, Dietmar; Sutter, Matthias - 2016
experiment whether gossip affects the efficiency of human interactions. We let subjects play a trust game. Third parties observe … possibility of gossip is highly efficiency-increasing compared to a situation without any gossip. In two further control … treatments, we show that the mere fact of being observed by third parties cannot explain the efficiency-increasing effect of …
Persistent link: https://www.econbiz.de/10011479222
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Security of property as a public good: Institutions, socio-political environment and experimental behavior in five countries
Campos-Ortiz, Francisco; Putterman, Louis G.; Ahn, T. K.; … - 2012
We study experimentally the protection of property in five widely distinct countries - Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly...
Persistent link: https://www.econbiz.de/10010289958
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Competition, Hidden Information and Efficiency: An Experiment
Cabrales, Antonio; Charness, Gary; Villeval, Marie-Claire - Institute for the Study of Labor (IZA) - 2006
We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden … principals. We first show theoretically how these different degrees of competition affect outcomes and efficiency. Informational … inefficiencies remain. In contrast, when agents compete to be hired, efficiency improves dramatically, and it increases in the …
Persistent link: https://www.econbiz.de/10005703707
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Equality, Equity and Incentives: An Experiment
Balafoutas, Loukas; Kocher, Martin G.; Putterman, Louis; … - Institute for the Study of Labor (IZA) - 2010
We devise a new experimental game by nesting a voluntary contributions mechanism in a broader spectrum of incentive schemes. With it, we study tensions between egalitarianism, equity concerns, self-interest, and the need for incentives. In a 2x2 design, subjects either vote on or exogenously...
Persistent link: https://www.econbiz.de/10008678697
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Security of Property as a Public Good: Institutions, Socio-Political Environment and Experimental Behavior in Five Countries
Campos-Ortiz, Francisco; Putterman, Louis; Ahn, T.K.; … - Institute for the Study of Labor (IZA) - 2012
We study experimentally the protection of property in five widely distinct countries – Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly...
Persistent link: https://www.econbiz.de/10011128038
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Informational Cascades and Decision to Migrate
Epstein, Gil S. - 2002
We introduce the idea that informational cascades can explain the observed regularity that emigrants from the same locations also tend to choose the same foreign locations. Thus informational cascades generate herd behavior. Herd behavior is compared with the network externalities explanation of...
Persistent link: https://www.econbiz.de/10010262802
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Deception and incentives: how dishonesty undermines effort provision
Ederer, Florian; Fehr, Ernst - 2007
In this paper we show that subtle forms of deceit undermine the effectiveness of incentives. We design an experiment in …
Persistent link: https://www.econbiz.de/10010268559
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Agency and communication in IMF conditional lending: theory and empirical evidence
Marchesi, Silvia; Sabani, Laura; Dreher, Axel - 2009
the countries' authorities, openness, and transparency, consistently with the theory. …
Persistent link: https://www.econbiz.de/10010269064