Showing 41 - 50 of 141
This paper studies a dynamic agency problem which includes limited liability, moral hazard and adverse selection. The paper develops a robust approach to dynamic contracting based on calibrating the payoffs that would have been delivered by simple benchmark contracts that are attractive but...
Persistent link: https://www.econbiz.de/10013125421
This paper studies how agents with conflicting interests learn to cooperate when the details of cooperation are not common knowledge. It considers a repeated game in which one player has incomplete information about when and how her partner can provide benefits. Initially, monitoring is...
Persistent link: https://www.econbiz.de/10012919162
This paper develops a framework to assess how fear of miscoordination affects the sustainability of cooperation. Building on theoretical insights from Carlsson and van Damme (1993), it explores the effect of small amounts of private information on a class of dynamic cooperation games with exit....
Persistent link: https://www.econbiz.de/10012919165
We study the impact of secure survey designs ensuring plausible deniability on information transmission in organizations. We are interested in settings in which fear of retaliation makes potential informants reluctant to reveal the truth. Theory predicts that: (i) popular randomized-response...
Persistent link: https://www.econbiz.de/10012868747
We document a novel bidding pattern observed in procurement auctions from Japan: winning bids tend to be isolated. There is a missing mass of close losing bids. This pattern is suspicious in the following sense: it is inconsistent with competitive behavior under arbitrary information structures....
Persistent link: https://www.econbiz.de/10012479605
We study the impact of secure survey designs ensuring plausible deniability on information transmission in organizations. We are interested in settings in which fear of retaliation makes potential informants reluctant to reveal the truth. Theory predicts that: (i) popular randomized-response...
Persistent link: https://www.econbiz.de/10012479868
Persistent link: https://www.econbiz.de/10012648448
Persistent link: https://www.econbiz.de/10012216055
Persistent link: https://www.econbiz.de/10012155792
Persistent link: https://www.econbiz.de/10012036259