We examine a situation where efforts on different tasks positively affect production but are not separately verifiable and where the manager (principal) and the worker (agent) have different ideas about how production should be carried out: agents prefer a less efficient way of production. We...

Most real world situations that are susceptible to herding are also characterized by direct payoff externalities. Yet, the bulk of the theoretical and experimental literature on herding has focused on pure informational externalities. In this paper we experi- mentally investigate the effects of...

Mit dem vorliegenden Pflegeheim Rating Report 2007 haben die ADMED GmbH, die HCB GmbH und das RWI Essen die Serie der Rating Reports komplettiert. Neben dem 2004 begonnen Krankenhaus Rating Report liegen auch die entsprechenden Gegenstücke für Reha-Kliniken und Pflegeheime vor. Ziel ist die...