-regarding incentives for contractual compliance are present as well. Here we provide a comprehensive experimental analysis based on the … gift-exchange game of how explicit and implicit incentives affect cooperation. We first show that there is substantial … contracts without any incentives and implicit incentives coming from repeated interaction. Implicit incentives have a strong …

-regarding incentives for contractual compliance are present as well. Here we provide a comprehensive experimental analysis based on the … gift-exchange game of how explicit and implicit incentives affect cooperation. We first show that there is substantial … contracts without any incentives and implicit incentives coming from repeated interaction. Implicit incentives have a strong …

We present a simple classroom principal-agent experiment that can effectively be used as a teaching device to introduce … agents and decide on an effort level. The experiment can be used to introduce students to the concepts of efficiency …

We present a simple classroom principal-agent experiment that can effectively be used as a teaching device to introduce … agents and decide on an effort level. The experiment can be used to introduce students to the concepts of efficiency …

than contracts without any incentives. Principals, nonetheless, prefer the incentive contracts because they allow them to …