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Can a Bonus Overcome Moral Hazard? An Experiment on Voluntary Payments, Competition, and Reputation in Markets for Expert Services

Angelova, Vera; Regner, Tobias - 2017

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/10011932891

How transparency kills information aggregation : theory and experiment

Fehrler, Sebastian; Hughes, Niall - 2015

We investigate the potential of transparency to influence committee decision-making. We present a model in which career concerned committee members receive private information of different type-dependent accuracy, deliberate and vote. We study three levels of transparency under which career...

Persistent link: https://www.econbiz.de/10010516456

Firm-specific information and explicit collusion in experimental oligopolies

Gomez-Martin, Francisco; Onderstal, Sander; Sonnemans, Joep - 2015

to form cartels in Cournot markets. As in previous experiments, markets become very competitive when individualized …

Persistent link: https://www.econbiz.de/10010532614

Law and economics and tort litigation institutions : theory and experiments

Landeo, Claudia - 2015

Persistent link: https://www.econbiz.de/10011376701

Price-setting power versus private information

Sloof, Randolph - 2003

This paper investigates the extent of the holdup underinvestment problem in a buyer-seller relationship in which the seller has private information about his alternative trading opportunities. Theory predicts that, compared with a situation in which outside options are publicly observed, the...

Persistent link: https://www.econbiz.de/10011334336

Limelight on dark markets : an experimental study of liquidity and information

Berentsen, Aleksander; McBride, Michael; Rocheteau, … - 2013

setting. The experiments replicate an OTC market similar to the one used in monetary and financial economics (Shi, 1995 … information, a set of experiments with adverse selection where the terminal value of notes are determined exogenously, and a set … of experiments with hidden actions where subjects can produce fraudulent notes at some cost. …

Persistent link: https://www.econbiz.de/10009763984