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This paper analyzes the optimal contract for a consumer to procure a credence good from an expert when (i) the expert might misrepresent his private information about the consumer’s need, (ii) the expert might not choose the requested service since his choice of treatment is non-observable,...
Persistent link: https://www.econbiz.de/10011781931
may create incentives to play 'hard to get' in an effort to increase those rewards. We discuss two specic contexts in … which such incentives arise. In the first, refraining from the activity causes others to attach higher value to it because …
Persistent link: https://www.econbiz.de/10010362185
may create incentives to play "hard to get" in an effort to increase those rewards. We discuss two specific contexts in … which such incentives arise. In the first, refraining from the activity causes others to attach higher value to it because …
Persistent link: https://www.econbiz.de/10010345273
This paper reports the results from a large-scale laboratory experiment investigating the impact of tournament … incentives and wage gifts on creativity. We find that tournaments substantially increase creative output, with no evidence for …
Persistent link: https://www.econbiz.de/10011479746
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This paper reports the results from a large-scale laboratory experiment investigating the impact of tournament … incentives and wage gifts on creativity. We find that tournaments substantially increase creative output, with no evidence for …
Persistent link: https://www.econbiz.de/10011459389
durables. Who opts into the transaction when given such incentives? We show theoretically and experimentally that increasing …
Persistent link: https://www.econbiz.de/10012052276
work, agents usually make their effort choice in response to competition and monetary incentives. At the same time, they … also allow for variations in incentives in one work period, in order to analyze spillover effects to the work periods … experimental data. A short-term increase in incentives in one period should lead to higher effort in that period, and, due to …
Persistent link: https://www.econbiz.de/10011976073