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hidden action. Our experiment is framed in a credit market context and borrowers (second movers) can communicate with lenders …
Persistent link: https://www.econbiz.de/10014301388
different jobs, based on workers' prosociality. We run an experiment to explore the link between workers' prosociality and their …
Persistent link: https://www.econbiz.de/10012649367
Interactions between players with private information and opposed interests are often prone to bad advice and inefficient outcomes, e.g. markets for financial or health care services. In a deception game we investigate experimentally which factors could improve advice quality. Besides advisor...
Persistent link: https://www.econbiz.de/10011530053
Interactions between players with private information and opposed interests are often prone to bad advice and inefficient outcomes, e.g. markets for financial or health care services. In a deception game we investigate experimentally which factors could improve advice quality. Besides advisor...
Persistent link: https://www.econbiz.de/10011881706
an alternative explanation based on reciprocity. We propose a simple model and an experiment to test the relative …
Persistent link: https://www.econbiz.de/10011308435
as effective at reducing free-riding. Consistent with the theoretical predictions, the results of our experiment indicate …
Persistent link: https://www.econbiz.de/10012921253
Persistent link: https://www.econbiz.de/10011805615
We study optimal direct mechanisms for a credence goods expert who can be altruistic or spiteful. The expert has private information about her distributional preferences and possibly also about her customer's needs. We introduce a method that allows the customer to offer separate contracts to...
Persistent link: https://www.econbiz.de/10010193284
games increases over time. -- Cooperation ; experiment ; contracts ; indenture ; reciprocity …
Persistent link: https://www.econbiz.de/10003793109
We experimentally test the efficacy of indenture as a self-enforced contract device. In an indenture game, the principal signals the intention of payment-on-delivery, by tearing a banknote and giving the agent half of it as "prepayment"; the agent receives the completing half after delivering...
Persistent link: https://www.econbiz.de/10014206562