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We conducted a randomized controlled trial testing the effect of modest incentives to attend the gym among new members … groups, receiving a payment if they attended the gym at least 9 times over their first 6 weeks as members. The incentives … were a $30 payment, a $60 payment, and an item costing $30 that leveraged the endowment effect. These incentives had only …
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schemes designed to encourage either participation or volume. Our results confirm the importance of incentives in that we find …
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There is now an extensive literature on "gift exchange" showing that when principals and agents can trade "gifts" (rewards that should not emerge in a competitive equilibrium), exchange becomes more efficient. However, it is not obvious how gift exchange should be organized if the principal's...
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