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rare knowledge, and stand ready to help the other workers. In our laboratory experiment, we find that most groups …Following Garicano (2000), we consider groups whose members decide what knowledge to acquire and how to use this … knowledge in production. If efficient production requires common knowledge, all group members should become workers and acquire …
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We investigate the optimal shape of organizations to reduce embezzlement. In a stylized synthesis of a common pool resource and ultimatum game, agents move sequentially along an organizational architecture, can take a share of the available resources, and can choose to "blow the whistle", an...
Persistent link: https://www.econbiz.de/10012972149
coordination failure when two groups with diverging precedents have to interact. This paper describes an experiment to explore how …
Persistent link: https://www.econbiz.de/10009156473
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We explore the intersection of growth theory and the theory of the firm with an experiment. Economic growth is possible … in our experiment when agents specialize to exploit increasing returns. We find that low opportunity costs are sufficient …
Persistent link: https://www.econbiz.de/10012901112
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discourage future contributions? To assess this, we use a randomized field experiment which added content to some pages in …
Persistent link: https://www.econbiz.de/10011983935
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An individual is affected by the curse of knowledge when he fails to appreciate the viewpoint of a lesser … knowledge. This systematic cognitive bias alters many predictions derived from game theory which involve an asymmetry of … information between the players. We investigate in this article how the curse of knowledge modifies individual behaviours in …
Persistent link: https://www.econbiz.de/10012129125