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This paper analyzes the optimal contract for a consumer to procure a credence good from an expert when (i) the expert might misrepresent his private information about the consumer’s need, (ii) the expert might not choose the requested service since his choice of treatment is non-observable,...
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of punishment. In our experiment, subjects can steal from another participant's payoff. Deterrent incentives vary across …Crime has to be punished, but does punishment reduce crime? We conduct a neutrally framed laboratory experiment to test … the deterrence hypothesis, namely that crime is weakly decreasing in deterrent incentives, i.e. severity and probability …
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of punishment. In our experiment, subjects can steal from another participant's payoff. Deterrent incentives vary across …Crime has to be punished, but does punishment reduce crime? We conduct a neutrally framed laboratory experiment to test … the deterrence hypothesis, namely that crime is weakly decreasing in deterrent incentives, i.e. severity and probability …
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This paper reports the results from a large-scale laboratory experiment investigating the impact of tournament … incentives and wage gifts on creativity. We find that tournaments substantially increase creative output, with no evidence for …
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Are monetary and non-monetary incentives used as substitutes in motivating effort? I address this question in a … laboratory experiment in which the choice of the job characteristics (i.e., the mission) is part of the compensation package that … and non-monetary incentives imperfect. These findings have implications for the design of incentives in mission …
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