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Recent research in contract theory on the effects of behavioral biases implicitly assumes that they are stable, in the sense of not being affected by the contracts themselves. In this paper, we provide evidence that this is not necessarily the case. We show that in an insurance context, being...
Persistent link: https://www.econbiz.de/10011917380
We design an experiment to examine welfare and behavior in a multi-level trust game representing a pass through … investment in an intermediated market. In a repeated game, an Investor invests via an Intermediary who lends to a Borrower. A pre-experiment …
Persistent link: https://www.econbiz.de/10009025293
We design an experiment to examine behavior and welfare in a multi-level trust game representing a pass through … investment in an intermediated market. In a repeated game, an investor invests via an intermediary who lends to a borrower. A pre-experiment …
Persistent link: https://www.econbiz.de/10010719261
acting on them. We implement the first experiment that is able to address a potential causal relationship between self …
Persistent link: https://www.econbiz.de/10012994360
Persistent link: https://www.econbiz.de/10011303219
Persistent link: https://www.econbiz.de/10010254716
We devise a new experimental game by nesting a voluntary contributions mechanism in a broader spectrum of incentive schemes. With it, we study tensions between egalitarianism, equity concerns, self-interest, and the need for incentives. In a 2x2 design, subjects either vote on or exogenously...
Persistent link: https://www.econbiz.de/10011159141
maximization problem of the firm. As a result, monitoring and pay should be complements. In our experiment, between and within …
Persistent link: https://www.econbiz.de/10011255473
dictator game. In our experiment teams are more selfish than individuals, and the most selfish team member has the strongest …
Persistent link: https://www.econbiz.de/10011256730
The effects of stake size on cooperation and punishment are investigated using a public goods experiment. We find that …
Persistent link: https://www.econbiz.de/10011257415