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Consider team production with two people. Each is characterized by a prior distribution that he will do Right or Wrong … other worker did Right. The same holds when output depends on the best shot in production and the team effort succeeded. A … leader concerned about his reputation may therefore prefer to work with a person unlikely to do Right. …
Persistent link: https://www.econbiz.de/10005423886
current experiment, we attempt to isolate experimentally the role of reputation and social (dis)approval associated to ratings … using a trust game experiment with the opportunity to rate one’s partner (Keser, 2003; Masclet and Penard, 2012). For this …
Persistent link: https://www.econbiz.de/10010854381
results suggest that even if social (dis)approval matters, rating observability – and thus reputation – remains critical to …
Persistent link: https://www.econbiz.de/10011263913
What effect does cheap talk have on behavior in an entry-deterrence game? We shed light on this question using incentivized laboratory experiments of the strategic interaction between defenders and potential entrants. Our results suggest that cheap talk can have a substantial impact on the...
Persistent link: https://www.econbiz.de/10009654075
A simple principal agent problem is experimentally investigated in which a principal repeatedly sets a wage and an agent responds by choosing an effort level. The principal's payoff is determined by the agent's effort. In a first setting the principal can only set a fixed wage in each period. In...
Persistent link: https://www.econbiz.de/10005761948
inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation …
Persistent link: https://www.econbiz.de/10005822832
inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation …
Persistent link: https://www.econbiz.de/10005423961
information regarding the reciprocal nature of other players, the FKR design is shown to be conducive to reputation effects while …
Persistent link: https://www.econbiz.de/10005654716
players modify their behavior. We conducted a repeated ultimatum game experiment with random strangers, in which one treatment …
Persistent link: https://www.econbiz.de/10008782796
cooperate with each other by choosing to show their identities and building good reputation when there is an option to hide them …. We deal with this question using an experimental laboratory. Our experiment shows that a non-negligible fraction of …
Persistent link: https://www.econbiz.de/10011183540