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We present an experiment that models a repeated public good provision setting where the policy maker or manager does not have perfect control over information flows. Rather, information seeking can be affected by changing the information default as well as the price of information. The default...
Persistent link: https://www.econbiz.de/10012214199
In a repeated real effort team production experiment workers receive a distorted signal about their co-players’ previous efforts. We vary the degree to which production can be directly traced back to a participant’s real or randomly drawn effort level. We find that individuals produce much...
Persistent link: https://www.econbiz.de/10011712748
If principals are allowed to choose between a revenue sharing, a bonus and a trust contract, a large majority of experimental subjects choose the revenue sharing contract. We find that this choice is the most efficient while at the same time being fair in the Paretian sense that on average...
Persistent link: https://www.econbiz.de/10013064172
A ‘collusion puzzle' exists by which, even though increasing the number of firms reduces the ability to tacitly collude, and leads to a collapse in collusion in experimental markets with four or more firms, in natural markets there are such numbers of firms colluding successfully. We present...
Persistent link: https://www.econbiz.de/10013059827
We present the results of an experiment testing whether different methods of payment in combination with different reminder intervals affect the amounts of charitable donations. Following a lab session, participants could make online donations to charity for a total duration of three months....
Persistent link: https://www.econbiz.de/10013034114
Persistent link: https://www.econbiz.de/10011623484
Persistent link: https://www.econbiz.de/10012138560
We present an experiment that models a repeated public good provision setting where the policy maker or manager does not have perfect control over information flows. Rather, information seeking can be affected by changing the information default as well as the price of information. The default...
Persistent link: https://www.econbiz.de/10012152475
Persistent link: https://www.econbiz.de/10011805615
In a real effort lab and online team production experiment we analyze individual effort under different conditions of individual accountability. In a repeated setting workers receive a distorted signal about their co-players' previous efforts. We vary the degree to which production can be...
Persistent link: https://www.econbiz.de/10012982546