Showing 1 - 10 of 82,544
information about the state of nature before the principal offers him a contract. …
Persistent link: https://www.econbiz.de/10005474576
information about the state of nature before the principal offers him a contract. …
Persistent link: https://www.econbiz.de/10005432289
incur a cost "c" to learn it. Under these conditions, the principal will offer contracts that, dependind on the value of "c …", try to induce the agent to gather or not information. We study the tradeoffs that are involved. …
Persistent link: https://www.econbiz.de/10005432372
In this paper the relevance of public and symmetric information on the enforceability of contracts will be analyze. In …
Persistent link: https://www.econbiz.de/10005557709
We present the model of games with incomplete information first introduced by Harsanyi and show the link with extensive … form games with imperfect information. We provide then a construction of the universal type space of Mertens and Zamir …
Persistent link: https://www.econbiz.de/10005776534
This paper analyzes how an incumbent's price policy may signal information not only on demand level but also on demand …
Persistent link: https://www.econbiz.de/10005609604
The paper reports on a series of experiments in asymmetric First-and Second-Price auctions with private-independent values. The data reveals that although subjects did realize the strategic implications of the asymmetric setting, a significant overbidding pattern was found in First-Price...
Persistent link: https://www.econbiz.de/10005631385
this settlement negotiation. We study the characteristics of equilibrium contracts in settings where this leverage effect … most two contracts, which under-insure low-risk types and may inefficiently induce high-risk types to litigate. In a …
Persistent link: https://www.econbiz.de/10012851017
In two experiments, we examine the effects of employer reputation in an online labor market (Amazon Mechanical Turk) in which employers may decline to pay workers while keeping their work product. First, in an audit study of employers by a blinded worker, we find that working only for good...
Persistent link: https://www.econbiz.de/10011401783
contracts that are typically observed in practice such as salaries, lump-sum bonuses, and high-performance commissions. …
Persistent link: https://www.econbiz.de/10014321765