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We present a new experimental design that permits us to explore gender differences in both performance and compensation choice. We design a game in which participants are asked to choose between a flat wage and a tournament scheme and to perform under each scheme. Our data indicate that men and...
Persistent link: https://www.econbiz.de/10010968994
We use a laboratory experiment to elicit discount rates over a 20-year time horizon using government savings bonds as a …
Persistent link: https://www.econbiz.de/10010987561
temperance. Our theoretical approach is to define risk compensations of different orders, and in an experiment we elicit these …. In contrast to commonly used utility functions, prospect theory can predict this behavioral pattern. In our experiment …
Persistent link: https://www.econbiz.de/10010987807
Scholars traditionally claim that unanimity rule is more capable of producing Pareto optimal outcomes than majority rule. Dougherty and Edward (Public Choice 151(3):655–678, <CitationRef CitationID="CR16">2012</CitationRef>) make the opposite claim assuming proposals are either random, sincere, or strategic. We test these competing...</citationref>
Persistent link: https://www.econbiz.de/10010988170
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proportionate regime. Copyright Springer Science+Business Media, LLC 2013 …
Persistent link: https://www.econbiz.de/10010988680
We consider a class of dynamic tournaments in which two contestants are faced with a choice between two courses of action. The first is a riskless option (“hold”) of maintaining the resources the contestant already has accumulated in her turn and ceding the initiative to her rival. The...
Persistent link: https://www.econbiz.de/10010988777
repetition. Copyright Springer Science+Business Media New York 2013 …
Persistent link: https://www.econbiz.de/10010988785
In many contest situations, such as R&D competition and rent seeking, participants’ costs are private information. We report the results of an experimental study of bidding in contests under different information and symmetry conditions about players’ costs of effort. The theory predicts...
Persistent link: https://www.econbiz.de/10010988962
Association 2013 …
Persistent link: https://www.econbiz.de/10010988974