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We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden-information context. In our benchmark case, each principal is matched with one agent of unknown type. In our second treatment, a principal can select one of three agents, while in a...
Persistent link: https://www.econbiz.de/10012779356
We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden-information context. In our benchmark case, each principal is matched with one agent of unknown type. In our second treatment, a principal can select one of three agents, while in a...
Persistent link: https://www.econbiz.de/10014055844
bear a higher burden of punishment costs than non-police subjects. When the norm enforcement institution is endogenous, all …
Persistent link: https://www.econbiz.de/10014145354
punishment in a social dilemma. Emotional reaction to free-riding incites individuals to apply sanctions when they are available …
Persistent link: https://www.econbiz.de/10013127777
punishment in a social dilemma. Emotional reaction to free-riding incites individuals to apply sanctions when they are available …
Persistent link: https://www.econbiz.de/10013127956
bear a higher burden of punishment costs than non-police subjects. When the norm enforcement institution is endogenous, all …
Persistent link: https://www.econbiz.de/10013052702
bear a higher burden of punishment costs than non-police subjects. When the norm enforcement institution is endogenous, all …
Persistent link: https://www.econbiz.de/10013053497
help enforce social norms (Fehr and Gächter, 2002). However, the rationale for costly punishment remains unclear. This …Cooperation among people who are not related to each other is sustained by the availability of punishment devices which … of punishment. We compare two treatments of a public good game, one in which costly punishment reduces the immediate …
Persistent link: https://www.econbiz.de/10013317600
punishment, so that they increase overall welfare? We report an experiment in which players can issue non-binding threats to … their actual punishment level. We find that threats increase the level of contributions significantly. Efficiency is … punishment leads to lower threats, cooperation and welfare, restoring them to levels equal to or below the levels attained in the …
Persistent link: https://www.econbiz.de/10014257315
punishment, so that they increase overall welfare? We report an experiment in which players can issue non-binding threats to … their actual punishment level. We find that threats increase the level of contributions significantly. Efficiency is … punishment leads to lower threats, cooperation and welfare, restoring them to levels equal to or below the levels attained in the …
Persistent link: https://www.econbiz.de/10013130736