Showing 1 - 10 of 196
In a laboratory experiment, we measure subjects' willingness to pay for a transparently useless decision right …
Persistent link: https://www.econbiz.de/10010347041
We experimentally study the strategic transmission of information in a setting where both cheap talk and money can be used for communication purposes. Theoretically a large number of equilibria exist side by side, in which senders either use costless messages, money, or a combination of the two....
Persistent link: https://www.econbiz.de/10010325974
predicts that some commonly used types of breach remedies may protect too well, in the sense that they induce over-investment … provide, and the potential possibility to prevent breach by increasing the damage payment due through the investment made. The … paper we report on an experiment designed to address this issue. Three different remedies are studied: (i) liquidated …
Persistent link: https://www.econbiz.de/10014159171
We test whether markets are needed to mitigate the effects of anchoring on peoples' pref- erences. We anchor subjects …
Persistent link: https://www.econbiz.de/10012122507
This paper reports the results from a laboratory experiment investigating a manager's decision whether or not to …
Persistent link: https://www.econbiz.de/10011520494
This paper reports the results from a laboratory experiment investigating a manager's decision whether or not to …
Persistent link: https://www.econbiz.de/10012987499
This paper reports the results of an individual real effort laboratory experiment where subjects are paid for measured …
Persistent link: https://www.econbiz.de/10012708784
for noisier performance measures. We conduct a real effort laboratory experiment and find that effort levels are invariant …
Persistent link: https://www.econbiz.de/10011343251
these two types of contract represents the trade-off between efficient investment and efficient job assignment. This paper … reports about an experiment designed to study this trade-off in practice. Results show some remarkable differences with …
Persistent link: https://www.econbiz.de/10014181277
In a laboratory experiment, we measure subjects’ willingness to pay for a transparently useless decision right …
Persistent link: https://www.econbiz.de/10010764289