Showing 1 - 10 of 295
Many financing choices of US corporations remain puzzling even after accounting for standard determinants such as taxes, bankruptcy costs, and asymmetric information. We propose that managerial beliefs help to explain the remaining variation across and within firms, including variation in debt...
Persistent link: https://www.econbiz.de/10005778833
In labor markets, the ratchet effect refers to a situation where workers subject to performance pay choose to restrict their output, because they rationally anticipate that firms will respond to higher output levels by raising output requirements or cutting pay. We model this effect as a...
Persistent link: https://www.econbiz.de/10008534200
test of the theory implements a laboratory experiment, where important features of the theory can be exogenously imposed …. We complement our lab experiment with a field experiment, where we rely on biological models complemented by economic …
Persistent link: https://www.econbiz.de/10010821888
We conduct a laboratory experiment to examine how third-party ratings impact charity choice and donative behavior …
Persistent link: https://www.econbiz.de/10010796734
Laboratory experiments have been used extensively in economics in the past several decades to lend both positive and normative insights into a myriad of important economic issues. This study discusses a related approach that has increasingly grown in prominence of late--field experiments. I...
Persistent link: https://www.econbiz.de/10005084551
-good experiment. The rules differ by (1) whether an individual can receive a proportional rebate of excess contributions, a winner …
Persistent link: https://www.econbiz.de/10005723108
The literature on voluntary provision of public goods includes recent theoretical work on the formation of voluntary coalitions to provide public goods. Theory is ambiguous on the equilibrium coalition size and contribution rates. We examine the emergence of coalitions, their size, and how...
Persistent link: https://www.econbiz.de/10008622350
We present and experimentally test a mechanism that provides a simple, natural, low cost, and realistic solution to the problem of compliance with socially determined efficient actions, such as contributing to a public good. We note that small self-governing organizations often place enforcement...
Persistent link: https://www.econbiz.de/10009019669
This paper compares two methods to encourage socially optimal provision of a public good. We compare the efficacy of vigilante justice, as represented by peer-to-peer punishment, to delegated policing, as represented by the "hired gun" mechanism, to deter free riding and improve group welfare....
Persistent link: https://www.econbiz.de/10009019694
consumption and donations among individuals. We also conduct an original experiment that enables nonparametric tests of many …
Persistent link: https://www.econbiz.de/10011271495