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We present a simple classroom principal-agent experiment that can effectively be used as a teaching device to introduce … design a contract that consists of a fixed payment and an incentive component. In the second part, students take the role of … agents and decide on an effort level. The experiment can be used to introduce students to the concepts of efficiency …
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We present a simple classroom principal-agent experiment that can effectively be used as a teaching device to introduce … design a contract that consists of a fixed payment and an incentive component. In the second part, students take the role of … agents and decide on an effort level. The experiment can be used to introduce students to the concepts of efficiency …
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We experimentally test the efficacy of indenture as a self-enforced contract device. In an indenture game, the … games increases over time. -- Cooperation ; experiment ; contracts ; indenture ; reciprocity …
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