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obtain high-powered incentives and, hence, a high personal income at the merger-management stage. …
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even when attracting both agent types. Adding horizontal differentiation allows for pure-strategy equilibria even when …
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In a tedious real effort task, subjects know that their piece rate is either low or ten times higher. When subjects are informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this instrumental information when given the choice - and...
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