This article presents the results of an experimental study investigating the problem of allocating heterogeneous indivisible objects using market-like mechanisms. The object of study is the market for professional baseball players in their free-agent year. The authors investigate both the...

We investigate the creation and evolution of conventions of behavior in "intergenerational games" or games in which a sequence of nonoverlapping "generations" of players play a stage game for a finite number of periods and are then replaced by other agents who continue the game in their role for...

This paper presents an experimental examination of a variety of group incentive programs. The authors investigate simple revenue sharing and more sophisticated, target-based systems such as profit sharing or productivity gainsharing, as well as tournament-based and monitoring schemes. Their...

This paper reports the results of experiments designed to test the theory of the optimal composition of prizes in contests. In the aggregate the behavior of subjects is consistent with that predicted by the theory, but we find that such aggregate results mask an unexpected compositional effect...

Series Introduction. Volume Introduction. PART I: SETTING THE STAGE. 1. The Case for Mindless Economics, Faruk Gul and Wolfgang Pesendorfer. 2. The Case for Mindful Economics, Colin Camerer. 3. Whats So Informative about Choice?, Andrew Schotter. 4. On Two Points of View Regarding Revealed...