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We use data from a promotion campaign of NH-Hoteles to study self-selection of participants in a gift-exchange experiment. The promotion campaign allowed guests to pay any non negative amount of money for a stay in one of 36 hotels in Belgium and the Netherlands. The data allow us to distinguish...
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actually pay the announced bonus. This offers a new explanation for why explicit and implicit incentives are substitutes rather …
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functions. He reverses earlier findings in that owners give managers incentives to act in an accommodating way. That is, optimal …
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