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of a laboratory experiment. By and large our findings confirm standard theory. Incentive instruments typically become …
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One of the main findings of a large body of gift exchange experiments is that in an incomplete contracts environment …
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of a laboratory experiment. By and large our findings confirm standard theory. Incentive instruments typically become …
Persistent link: https://www.econbiz.de/10010325441
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....
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Numerous gift exchange experiments have found a positive relationship between employers' wage offers and workers …' effort levels. In (almost) all these experiments the employer both owns and controls the firm. Yet in reality many firms are …
Persistent link: https://www.econbiz.de/10011349214