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Strive to be first and avoid being last : an experiment on relative performance incentives ; conference paper

Dutcher, E. Glenn; Balafoutas, Loukas; Lindner, Florian; … - 2013

Managers often use tournament incentive schemes which motivate workers to compete for the top, compete to avoid the … levels for three tournament incentive schemes: reward tournaments, punishment tournaments, and tournaments combining reward … and punishment. We test the model s predictions in a laboratory experiment and find that the combination of reward and …

Persistent link: https://www.econbiz.de/10010340563

Endogenous Claims and Collective Production : An Experimental Study on the Timing of Profit-Sharing Negotiations and Production

Baranski, Andrzej - 2018

We explore the efficiency and distributive implications (theoretically and experimentally) of a multilateral bargaining model with endogenous production of the surplus under two different timings: ex ante and ex post bargaining. Both timings are commonly observed in business partnerships and...

Persistent link: https://www.econbiz.de/10012936225

Feedback in tournaments under commitment problems : theory and experimental evidence

Gürtler, Oliver; Harbring, Christine - 2007

assuming the principal to be unable to commit to a certain policy at the beginning of the tournament. Our analysis shows that …

Persistent link: https://www.econbiz.de/10010365864

Preferences for redistribution and pensions: What can we learn from experiments?

Tausch, Franziska; Potters, Jan; Riedl, Arno - 2010

Redistribution is an inevitable feature of collective pension schemes and economic experiments have revealed that most people have a preference for redistribution that is not merely inspired by self-interest. Interestingly, little is known on how these preferences interact with preferences for...

Persistent link: https://www.econbiz.de/10010270867

Compensation schemes, liquidity provision, and asset prices : an experimental analysis

Baghestanian, Sascha; Gortner, Paul; Massenot, Baptiste - 2015

In an experimental setting in which investors can entrust their money to traders, we investigate how compensation schemes affect liquidity provision and asset prices. Investors face a trade-off between risk and return. At the benefit of a potentially higher return, they can entrust their money...

Persistent link: https://www.econbiz.de/10010530580

Assessing mental models via recording the decision deliberations of pairs

Berninghaus, Siegfried; Güth, Werner; Klempt, Charlotte; … - 2013

Two participants have to decide jointly, with the discussions preceding their choice being video/audiotaped. For two tasks, one with and one without strategic interaction, we refer to obvious reasoning styles as mental models. The videotaped discussions are analyzed according to which mental...

Persistent link: https://www.econbiz.de/10009723594

Thar she blows again : reducing anchoring rekindles bubbles

Baghestanian, Sascha; Walker, Todd B. - 2014

We investigate the relationship between anchoring and the emergence of bubbles in experimental asset markets. We show that setting a visual anchor at the fundamental value (FV) in the first period only is sufficient to eliminate or to significantly reduce bubbles in laboratory asset markets. If...

Persistent link: https://www.econbiz.de/10010365125

Cooperating over losses and competing over gains : a social dilemma experiment

Ispano, Alessandro; Schwardmann, Peter - 2016

Evidence from studies in international relations, the politics of reform, collective action and price competition suggests that economic agents in social dilemma situations cooperate more to avoid losses than in the pursuit of gains. To test whether the prospect of losses can induce cooperation,...

Persistent link: https://www.econbiz.de/10011438253

Money is more than memory

Bigoni, Maria; Camera, Gabriele; Casari, Marco - 2014

untested. In an experiment, we show that the suggested functional equality between money and memory does not translate into an …

Persistent link: https://www.econbiz.de/10010429796

Endogenous social identity and group choice : conference paper

Hett, Florian; Kröll, Markus; Mechtel, Mario - 2014

from a laboratory experiment in which subjects choose their group membership, which is interpreted as decision to identify …

Persistent link: https://www.econbiz.de/10010482522

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