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Interactions between players with private information and opposed interests are often prone to bad advice and inefficient outcomes, e.g. markets for financial or health care services. In a deception game we investigate experimentally which factors could improve advice quality. Besides advisor...
Persistent link: https://www.econbiz.de/10011881706
A principal-agent multitasking model is used to explore the effects of different tax schemes on innovation in a pure knowledge economy. Corporate taxes and labor income taxes can affect both the firm owner’s and the employee’s incentives to commit to innovative tasks, when the former...
Persistent link: https://www.econbiz.de/10010433907
In the past decades the role of profit sharing schemes (PSS) as a way to foster innovation in a principal-agent context, and more generally of innovation in economic growth, have been widely acknowledged and studied. However, surprisingly little has been done to analyze the interactions between...
Persistent link: https://www.econbiz.de/10010483411
of the experiment indicate that targeting is an effective instrument to promote trustful behavior, whereas subsidy policy …
Persistent link: https://www.econbiz.de/10011339172
determine, via their bids, which of four alternative public projects to implement. Previous experiments with positive cost … projects have demonstrated that the mechanism is efficiency enhancing. Our experiment tests whether the mechanism remains …
Persistent link: https://www.econbiz.de/10009784119
Bubbles are omnipresent in lab experiments with asset markets. But these experiments were (mostly) conducted in … experiment to measure human trading behaviour changes if these humans expect algorithmic traders. To disentangle the direct …
Persistent link: https://www.econbiz.de/10010477118
against each other. In a computerized lab experiment with minimal group design, we prime subjects to two alternative … importance of a "triple-fit" of preferences, organizational culture and incentive mechanism. -- Tournaments ; Organizational …
Persistent link: https://www.econbiz.de/10003989034
the design of organizational incentive systems. -- Tournaments ; Incentives ; Economic experiments …Tournaments represent an increasingly important component of organizational compensation systems. While prior research … focused on fixed-prize tournaments, i.e., on tournaments where the prize or prize sum to be awarded is set in advance, we …
Persistent link: https://www.econbiz.de/10003980512
the order to promote their performance. Tournaments in which agents compete for a bonus by investing effort, are … frequently applied, e.g., in development races, political contests, and promotion tournaments. The fallibility of evaluation …
Persistent link: https://www.econbiz.de/10003733737
We experimentally test the effect of enforceable non-compete clauses on working efforts. The employee can invest into the probability of making a profitable innovation. After a successful innovation (Win) the employee may want to leave the firm (Shift) whereas after an innovation failure (Lose)...
Persistent link: https://www.econbiz.de/10010189318