In a laboratory experiment designed to capture key aspects of the interaction between physicians and patients, we study … the effects of medical insurance and competition in the guise of free choice of physician, including observability of … consult more often and physicians overtreat more often than in the baseline condition. Competition decreases overtreatment …

In a laboratory experiment designed to capture key aspects of the interaction between physicians and patients in a … stylized way, we study the effects of medical insurance and competition in the guise of free choice of physician. Medical … physicians overtreat more often than in the baseline condition. Competition decreases overtreatment compared to the baseline and …

We study risk taking on behalf of others in an experiment on a large random sample. The decision makers in our … experiment are facing high-powered incentives to increase the risk on behalf of others through hedged compensation contracts or …

We describe a computerized experiment which can be used to introduce students to imperfect competition in courses on … thinking in general, the experiment serves to demonstrate that firm profits fall as the number of competitors is increased in a … market, and that firms enter profitable markets. The authors have used the experiment in undergraduate classes on strategy …

In a laboratory experiment designed to capture key aspects of the interaction between physicians and patients in a … stylized way, we study the effects of medical insurance and competition in the guise of free choice of physician. Medical … physicians overtreat more often than in the baseline condition. Competition decreases overtreatment compared to the baseline and …

economics. This paper explores voting on a scheme of intergroup competition, which facilitates cooperation in a social dilemma … situation. Experimental results show that the competitive scheme fosters cooperation. Competition is popular, but the electoral … outcome depends strongly on specific voting rules of institutional choice. If the majority decides, competition is almost …