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We propose and experimentally test a mechanism for a class of principal-agent problems in which agents can observe each … others' efforts. In this mechanism each player costlessly assigns a share of the pie to each of the other players, after … achieved under this simple mechanism and, in a controlled laboratory experiment, we find that players use a proportional rule …
Persistent link: https://www.econbiz.de/10011688535
Communication has been regarded as one of the most effective devices in promoting team cooperation. But asymmetric communication sometimes breeds collusion and is detrimental to team efficiency. Here, we present experimental evidence showing that excluding one member from team communication...
Persistent link: https://www.econbiz.de/10012029789
We propose and experimentally test a mechanism for a class of principal-agent problems in which agents can observe each … others' efforts. In this mechanism each player costlessly assigns a share of the pie to each of the other players, after … achieved under this simple mechanism and, in a controlled laboratory experiment, we find that players use a proportional rule …
Persistent link: https://www.econbiz.de/10011515831
Communication has been regarded as one of the most effective devices in promoting team cooperation. But asymmetric communication sometimes breeds collusion and is detrimental to team efficiency. Here, we present experimental evidence showing that excluding one member from team communication...
Persistent link: https://www.econbiz.de/10011912001
Reciprocity is one of the main basic social relations that constitute societies. It consists of being favourable to others because others are favourable to you (and not from an exchange in the strict sense). It rests on three possible rationales: (1) balance (comparison, matching), often related...
Persistent link: https://www.econbiz.de/10014023677
Persistent link: https://www.econbiz.de/10012003150
Persistent link: https://www.econbiz.de/10014524787
Relying on a recent survey of more than 3300 participants from China, Germany and the US, this paper empirically analyzes citizens' perceptions of climate change and climate policy, focusing on key guiding principles for sharing mitigation costs across countries. The ranking of the main...
Persistent link: https://www.econbiz.de/10010240681
Persistent link: https://www.econbiz.de/10010498683
Exemptions from costly policy measures are frequently applied to alleviate financial burdens to specific market participants. Using a stated-choice experiment with around 6,000 German household heads, we test how exemptions for lowincome households and energy-intensive companies influence the...
Persistent link: https://www.econbiz.de/10012872552