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It is well-known that group testing is an efficient strategy to screen for the presence of a virus. It consists in pooling n individual samples with a single test using RT-PCR. If at least one individual is infected, the test is positive, and it is negative otherwise. We show how group testing...
Persistent link: https://www.econbiz.de/10012237658
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It is well-known that group testing is an efficient strategy to screen for the presence of a virus. It consists in pooling n individual samples with a single test using RT-PCR. If at least one individual is infected, the test is positive, and it is negative otherwise. We show how group testing...
Persistent link: https://www.econbiz.de/10012233260
It is standard in agency theory to search for incentive-compatible mechanisms on the assumption that people care only about their own material wealth. Yet it may be useful to consider social preferences in mechanism design and contract theory. We devise an experiment to explore optimal contracts...
Persistent link: https://www.econbiz.de/10010843445
Persistent link: https://www.econbiz.de/10009150270
It is standard in agency theory to search for incentive-compatible mechanisms on the assumption that people care only about their own material wealth. Yet it may be useful to consider social forces in mechanism design and contract theory. We devise an experiment to explore optimal contracts in a...
Persistent link: https://www.econbiz.de/10010538305
Persistent link: https://www.econbiz.de/10005155343
Persistent link: https://www.econbiz.de/10000988969
We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden-information context. In our benchmark case, each principal is matched with one agent of unknown type. In our second treatment, a principal can select one of three agents, while in a...
Persistent link: https://www.econbiz.de/10011131656