Eisenkopf, Gerald; Fischbacher, Urs - Thurgauer Wirtschaftsinstitut <Kreuzlingen> - 2011
Machiavelli advises against delegating the distribution of favors. We test this claim in anexperiment, in which an investor can directly transfer money to a trustee or delegate thisdecision to another investor. Varying the value of the transfers of the investor and thedelegate, we find that the...