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repeated interaction between a principal and an agent who, within our main treatment, was privately informed about the costs of … signal high costs. Dishonest low cost and honest high cost agents pool on the complete information outcome with high costs …
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Do contracts provide reference points that affect ex post behavior? We address this question in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and economically important impact on...
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We consider a co-evolutionary model of social coordination and network formation where agents may decide on an action …
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