have an incentive to acquire costly information about exposures across countries to infer whether their monetary authority …'s ability to defend its currency is weakened. Information acquisition per se increases the likelihood of speculative currency …

behaviour of the fixing participants. The game is based on a spreadsheet and demonstrates the role of asymmetric information …, information sharing and front-running in the fixing process. The document also describes how the game can be played in class with …

have an incentive to acquire costly information about exposures across countries to infer whether their monetary authority …'s ability to defend its currency is weakened. Information acquisition per se increases the likelihood of speculative currency …

We show experimentally that fairness concerns may have a decisive impact on the actual and optimal choice of contracts … in a moral hazard context. Bonus contracts that offer a voluntary and unenforceable bonus for satisfactory performance … provide powerful incentives and are superior to explicit incentive contracts when there are some fair-minded players. But …