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We consider a model where agents work in sequence on a project, share information not available to the principal, and …
Persistent link: https://www.econbiz.de/10005245587
/her rivals (the complete or incomplete information regimes). Our main result is that, if the value of the prize is high, more … effort and output are engendered under incomplete information, whereas, if the value is low, that distinction goes to … complete information. …
Persistent link: https://www.econbiz.de/10010678824
Persistent link: https://www.econbiz.de/10005572155
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
conclude that learning effects are more important than selection effects for explaining differences between inexperienced and …
Persistent link: https://www.econbiz.de/10012141443
Using coordination games, we study whether social norm perception differs between inexperienced and experienced … the context of daily life does not differ between the two groups. We therefore conclude that learning through experience …
Persistent link: https://www.econbiz.de/10012141453
Using coordination games, we study whether social norm perception differs between inexperienced and experienced … the context of daily life does not differ between the two groups. We therefore conclude that learning through experience …
Persistent link: https://www.econbiz.de/10012103380
conclude that learning effects are more important than selection effects for explaining differences between inexperienced and …
Persistent link: https://www.econbiz.de/10011944119
, incentive mechanisms, repeated trials and learning. The hope is that increasing awareness on some sharing methodologies will …
Persistent link: https://www.econbiz.de/10005626840
People believe that, even in very large samples, proportions of binary signals might depart significantly from the population mean.  We model this "non-belief in the Law of Large Numbers" by assuming that a person believes that proportions in any given sample might be determined by a rate...
Persistent link: https://www.econbiz.de/10011004478