This paper experimentally investigates the impact of different pay and relative performance information policies on … employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through … off. Moreover, in both pay schemes information feedback reduces the quality of the low performers' work. …

experimental lab in three different informational settings, and study the role of information in individual decision making. Our … truthful preference revelation. In addition, we find that information has an important effect on truthful behavior and … stability. Nevertheless, regarding efficiency, the Gale-Shapley mechanism is less sensitive to the amount of information …

resource extraction contracts, could help resolve the environmental crisis that is based on over-extraction of global resources. …

The paper introduces the assumption of costly information acquisition to the theory of mechanism design for matching … allocation problems. It is shown that the assumption of endogenous information acquisition greatly changes some of the cherished …