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Second-degree moral hazard in a real-world credence goods market
Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2013 - This version: 16 October 2013
Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard – the tendency of the supply...
Persistent link: https://www.econbiz.de/10010199693
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Second-Degree Moral Hazard in a Real-World Credence Goods Market
Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2013 - This version: 16 October 2013
Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard - the tendency of the supply...
Persistent link: https://www.econbiz.de/10010193289
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Second-degree moral hazard in a real-world credence goods market
Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2013
Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard - the tendency of the supply...
Persistent link: https://www.econbiz.de/10010207314
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Second-degree moral hazard in a real-world credence goods market
Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2013
Persistent link: https://www.econbiz.de/10010211414
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Second-degree moral hazard in a real-world credence goods market
Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - In: The economic journal : the journal of the Royal … 127 (2017) 599, pp. 1-18
Persistent link: https://www.econbiz.de/10011745761
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Conflict in the pool : a field experiment
Balafoutas, Loukas; Faravelli, Marco; Sheremeta, Roman M. - 2021
Persistent link: https://www.econbiz.de/10012651633
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Incentives for dishonesty : an experimental study with internal auditors
Balafoutas, Loukas; Czermak, Simon; Eulerich, Marc; … - 2017 - This version: 20 April 2017
the nature of provided incentives. We conduct a 'lab in the field' experiment with internal auditors during two large … performance of the unit that they are auditing. We vary incentives in the experiment from individual (piece rate) to competitive … that incentive-based compensation increases dishonest behavior among internal auditors: competitive incentives lead to …
Persistent link: https://www.econbiz.de/10011639592
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Norm enforcement in the city: A natural field experiment
Balafoutas, Loukas; Nikiforakis, Nikos - 2012
Extensive evidence from laboratory experiments indicates that many individuals are willing to use costly punishment to enforce social norms, even in one-shot interactions. However, there appears to be little evidence in the literature of such behavior in the field. We study the propensity to...
Persistent link: https://www.econbiz.de/10010312212
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Sabotage in tournaments : evidence from a natural experiment
Balafoutas, Loukas; Lindner, Florian; Sutter, Matthias - 2012
Persistent link: https://www.econbiz.de/10009571167
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Sabotage in tournaments : evidence from a natural experiment
Balafoutas, Loukas; Lindner, Florian; Sutter, Matthias - 2012
Many tournaments are plagued by sabotage among competitors. Typically, sabotage is welfare-reducing, but from an individual's perspective an attractive alternative to exerting positive effort. Yet, given its illegal and often immoral nature, sabotage is typically hidden, making it difficult to...
Persistent link: https://www.econbiz.de/10009530844