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. In a laboratory experiment we test the different theories by systematically varying information conditions. We find that …
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In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different …
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In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different …
Persistent link: https://www.econbiz.de/10014069988
We demonstrate in a laboratory experiment in which subjects play a two-player Cournot-Tullock game over hundreds of …
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From the regulation of sports to lawmaking in parliament, in many situations one group of people ("agents") makes decisions that affect payoffs of others ("principals") who are inactive. As the principals have a stake in the agents' decisions they face an incentive to offer payments in order to...
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From the regulation of sports to lawmaking in parliament, in many situations one group of people ("agents") make decisions that affect payoffs of others ("principals") who may offer action-contingent transfers in order to sway the agents' decisions. Prat and Rustichini (2003) characterize...
Persistent link: https://www.econbiz.de/10011668556