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knowledge, and stand ready to help the other workers. In our laboratory experiment, we find that most groups eventually manage to …Following Garicano (2000), we consider groups whose members decide what knowledge to acquire and how to use this … knowledge in production. If efficient production requires common knowledge, all group members should become workers and acquire …
Persistent link: https://www.econbiz.de/10012492968
for this conjecture and we discuss the results of an experiment that confirms that profit sharing is most effective when …
Persistent link: https://www.econbiz.de/10011494318
The paper examines of the division of labor within firms. It provides an explanation of the pervasive observed changes in work organisation away from the traditional functional departments and towards multi-tasking and job rotation. Whereas the exsisting literature on the division of labour...
Persistent link: https://www.econbiz.de/10010316081
We provide experimental evidence for the hypothesis that bounded rationality is an important element of the theory of the firm. We implement a simplified version of a mechanism designed to perfectly solve the holdup problem under conditions of perfect rationality (Maskin 2002). We test whether...
Persistent link: https://www.econbiz.de/10011474235
We provide experimental evidence for the hypothesis that bounded rationality is an important element of the theory of the firm. We implement a simplified version of a mechanism that was designed in order to perfectly solve the holdup problem under conditions of perfect rationality (Maskin 2002)....
Persistent link: https://www.econbiz.de/10010481557
coordination failure when two groups with diverging precedents have to interact. This paper describes an experiment to explore how …
Persistent link: https://www.econbiz.de/10010281540
the theoretical benchmark with behavior observed in a one-shot experiment. …
Persistent link: https://www.econbiz.de/10012005968
-world organizations we employ a controlled experiment. Our data provide clear evidence that agents? behavior is not only guided by …
Persistent link: https://www.econbiz.de/10010262080
behavior is almost non-existent. We study sabotage in tournaments in a controlled laboratory experiment and are able to confirm …
Persistent link: https://www.econbiz.de/10010268946
benchmark is tested in an experiment. Furthermore, we provide the first clean one-shot experimental test of the Lazear and Rosen … (1981) tournament model. In a second experiment, we investigate the effectiveness of corporate value statements to encourage …
Persistent link: https://www.econbiz.de/10010481598