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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
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/10011386442
threat of terminating them from the team (Alchian and Demsetz, 1972). We extend a standard weakest link experiment with a …
Persistent link: https://www.econbiz.de/10010532586
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
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
and monitoring. This paper reports the results from a laboratory experiment designed to test whether organizations make …
Persistent link: https://www.econbiz.de/10014047766
One of the main findings of a large body of gift exchange experiments is that in an incomplete contracts environment workers on average do not shirk and usually provide more than the minimum enforceable effort level. In general, 40 to 60 percent of the workers reward higher wages with higher...
Persistent link: https://www.econbiz.de/10014028923
Persistent link: https://www.econbiz.de/10010191077
In a laboratory experiment, we measure subjects' willingness to pay for a transparently useless decision right …
Persistent link: https://www.econbiz.de/10010347041
reciprocity, however, suggest that this relationship may go the other way around. In this paper we test these predictions by means … of a laboratory experiment. By and large our findings confirm standard theory. Incentive instruments typically become …
Persistent link: https://www.econbiz.de/10011349719