Showing 1 - 10 of 291
We investigate the effect of a donation incentive tied to contributions to a public good when group members can decide on the size of the donation to be made. An up to 20 % donation of the public good was implemented either exogenously or endogenously by group members. In the Vote treatment,...
Persistent link: https://www.econbiz.de/10012494092
We use a laboratory experiment to investigate the extent to which leaders---faced with opportunistic incentives---employ monitoring to improve team production. Participants are assigned to teams, with one person appointed as the leader. The leader has the power to commit to a monitoring option,...
Persistent link: https://www.econbiz.de/10013217455
There are situations in which competitors ally to pursue a common objective. This simultaneous presence of cooperation and competition is called coopetition and we study it theoretically and experimentally in a group contest setup. More concretely, we analyze a group contest with a new sharing...
Persistent link: https://www.econbiz.de/10012871693
The shirking incentives arising within team production are in general counteracted by monitoring and sanctioning. However, these mechanisms are usually associated with high monitoring costs and cannot be applied to all parts of the production process. In a laboratory experiment we analyze the...
Persistent link: https://www.econbiz.de/10014143700
Many important economic and political decisions are made by teams. In the economic literature, however, the decision units are frequently modeled as individual economic agents. The paper experimentally investigates the question to what extent observed team decisions under risk are actually...
Persistent link: https://www.econbiz.de/10014182702
This paper experimentally studies the disposition effects of teams and individuals. The disposition effect describes the phenomenon that investors are reluctant to realize losses, whereas winners are sold too early. Our experiments compare the investments of two-person teams to a setting where...
Persistent link: https://www.econbiz.de/10013035919
This paper studies experimentally when and how ideological motives shape group decision-making outcomes. Groups repeatedly decide between a monetarily preferred outcome that generates a high payoff but also an ideologically undesirable externality, or an ideologically preferred outcome that...
Persistent link: https://www.econbiz.de/10013243248
While most papers on team decision-making find teams to behave more selfish, less trusting and less altruistic than individuals, Cason and Mui (1997) report that teams are more altruistic than individuals in a dictator game. Using a within-subjects design we re-examine group polarization by...
Persistent link: https://www.econbiz.de/10014026701
This paper investigates whether distributional conflicts become more likely when groups are involved in the fight. We present results from a laboratory experiment in which two parties can appropriate resources via a contest or, alternatively, take an outside option. Keeping monetary gains...
Persistent link: https://www.econbiz.de/10014390274
Using a series of controlled laboratory experiments involving decisions to intervene in others’ choice opportunities; we find that groups grant more autonomy to others than individuals. This finding is robust across two decision contexts, one involving individual decision-making (Internality)...
Persistent link: https://www.econbiz.de/10015164673