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-effort tournaments with two prizes. Experiment 1 shows that subjects exert high effort even if there are no monetary incentives … not result in higher effort provision. Experiment 2 shows that the impact of non-monetary incentives can be reduced by … incentivized alternative activity. Experiment 3 revisits the relationship between monetary incentives and effort provision using …
Persistent link: https://www.econbiz.de/10012901088
The time series of various economic variables often exhibit asymmetry: decreases in the values tend to be sharp and fast, whereas increases usually occur slowly and gradually. We detect signs of an analogous asymmetry in firms’ wage setting behaviour on the basis of managerial surveys, with...
Persistent link: https://www.econbiz.de/10009160036
The time series of various economic variables often exhibit asymmetry: decreases in the values tend to be sharp and fast, whereas increases usually occur slowly and gradually. We detect signs of an analogous asymmetry in firms' wage setting behaviour on the basis of managerial surveys, with...
Persistent link: https://www.econbiz.de/10013125238
This paper reports an experimental investigation of a trust game using either cash or class credit as incentives to …
Persistent link: https://www.econbiz.de/10012973390
Persistent link: https://www.econbiz.de/10011975443
This paper examines the implications of segmented assets markets for the real and nominal effects of monetary policy. I develop a model, in which varieties of consumption bundles are purchased sequentially. Newly injected money thus disseminates slowly through the economy via second-round...
Persistent link: https://www.econbiz.de/10003954132
In this paper we will give an overview of the more relevant results on the theoretical and experimental research related to public and private information dissemination and aggregation in asset markets, focusing mainly on the contemporaneous presence of public and private information and its...
Persistent link: https://www.econbiz.de/10010406743
A constant price level facilitates cooperation among firms whereas steady inflation and deflation rates lower firms' ability to cooperate. In an experimental market with price competition we show that both inflation and deflation signicantly reduce cooperation compared to treatments with a...
Persistent link: https://www.econbiz.de/10010491108
ability of the market deteriorate. Notable features of the experiment include a complex setup based directly on the …
Persistent link: https://www.econbiz.de/10008936428
ability of the market deteriorate. Notable features of the experiment include a complex setup based directly on the …
Persistent link: https://www.econbiz.de/10013128675