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Monetary and Non-Monetary Incentives in Real-Effort Tournaments

Erkal, Nisvan - 2019

incentives and effort provision. To examine this issue, we design three experiments where subjects participate in two-player real …-effort tournaments with two prizes. Experiment 1 shows that subjects exert high effort even if there are no monetary incentives …, suggesting that non-monetary incentives are contributing to their effort choices. Moreover, increasing monetary incentives does …

Persistent link: https://www.econbiz.de/10012901088

Monetary and non-monetary incentives in real-effort tournaments

Erkal, Nisvan; Gangadharan, Lata; Koh, Boon Han - In: European economic review : EER 101 (2018), pp. 528-545

Persistent link: https://www.econbiz.de/10011975443

Easy Money, Cheap Talk, or Spuds : Inducing Risk Aversion in Economics Experiments

Hvide, Hans K. - 2019

Experiments typically rely on small payments to incentivize participants. This works if participants view these payments as fungible with their own money, but if participants view the payments as a windfall, they may behave differently in experiments than in real life. We modify standard risky...

Persistent link: https://www.econbiz.de/10012865102

Optimal Monetary Noise in an Economy with Bayesian Consumers and Risk-Averse Investors

Teng, Jimmy - 2013

Autonomous demand shock affects consumption spending. Variation in consumption spending contributes to the volatility in aggregate demand. As the investor is risk averse, volatility of aggregate demand reduces investment. Government injects monetary noise to reduce the volatility in aggregate...

Persistent link: https://www.econbiz.de/10014158665