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We examine a situation where efforts on different tasks positively affect production but are not separately verifiable and where the manager (principal) and the worker (agent) have different ideas about how production should be carried out: agents prefer a less efficient way of production. We...

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Imitation : theory and experimental evidence

Apesteguia, Jose; Huck, Steffen; Oechssler, Joerg - 2005

laboratory experiment we test the different theories by systematically varying information conditions. We find significant … effects of seemingly innocent changes in information. Moreover, the generalized imitation model predicts the differences …

Persistent link: https://www.econbiz.de/10003023525