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Persistent link: https://www.econbiz.de/10001397383
We study a classic mechanism design problem: How to organize trade between two privately informed parties. We characterize an optimal mechanism under selfish preferences and present experimental evidence that, under such a mechanism, a non-negligible fraction of individuals deviates from the...
Persistent link: https://www.econbiz.de/10013055380
Persistent link: https://www.econbiz.de/10011823563
We study a classic mechanism design problem: How to organize trade between two privately informed parties. We characterize an optimal mechanism under selfish preferences and present experimental evidence that, under such a mechanism, a non-negligible fraction of individuals deviates from the...
Persistent link: https://www.econbiz.de/10010260043
behavioral experiment, we elicit German legislators' social welfare criteria unconfounded by political economy constraints. When …
Persistent link: https://www.econbiz.de/10014245365
behavioral experiment, we elicit German legislators' social welfare criteria unconfounded by political economy constraints. When …
Persistent link: https://www.econbiz.de/10014247240
behavioral experiment, we elicit German legislators’ social welfare criteria unconfounded by political economy constraints. When …
Persistent link: https://www.econbiz.de/10014305744
Persistent link: https://www.econbiz.de/10011296482
running a laboratory experiment. The model predicts that multi-rater evaluations are more precise than single …-rater evaluations if groups rationally aggregate their signals about employee performance. Our controlled laboratory experiment confirms …
Persistent link: https://www.econbiz.de/10014552994
experiment to map the preferences of ‘policymakers’ over climate actions of ‘decision-makers’. Importantly, our design guarantees …
Persistent link: https://www.econbiz.de/10014242387