Showing 31 - 40 of 25,064
production as a coordination game with Pareto-ranked equilibria. We initially create an efficient group and an inefficient one … restrictions in different ways to help understand why the institutions are effective in maintaining coordination. We find that both … restrictions work to maintain efficient coordination but they are effective for different reasons. …
Persistent link: https://www.econbiz.de/10010402616
examine the sensitivity of this result to the ability of people to observe others' choices. Our experiments are set in a … either start with low financial incentives for coordination, which typically leads to coordination failure, and then are … switched to higher incentives or start with high incentives, which typically yield effective coordination, and are switched to …
Persistent link: https://www.econbiz.de/10010547425
We study manager-employee interactions in experiments set in a corporate environment where payoffs depend on employees … managerial intervention subjects invariably slip into coordination failure. To overcome a history of coordination failure …
Persistent link: https://www.econbiz.de/10010547458
patterns of behavior. Using controlled laboratory experiments, we study how financial incentives can be used to find a way out … of such performance traps. Our experiments are set in a corporate environment where subjects' payoffs depend on … phase, the benefits of coordination are low relative to the cost of increased effort. Play in this initial phase typically …
Persistent link: https://www.econbiz.de/10010547461
production as a coordination game with Pareto-ranked equilibria. We initially create an efficient group and an inefficient one … restrictions in different ways to help understand why the institutions are effective in maintaining coordination. We find that both … restrictions work to maintain efficient coordination but they are effective for different reasons. …
Persistent link: https://www.econbiz.de/10009358878
Schott et al. (2007) have shown that the “tragedy of the commons” can be overcome when individuals share their output equally in groups of optimal size and there is no communication. The assignment of individuals to groups as either strangers or partners does not significantly affect this...
Persistent link: https://www.econbiz.de/10008625834
Numerous papers show how game theory can improve our understanding of literature. There is no paper, however, using experimental economics to arrive at a new understanding of a play. We fill this gap by using experimental evidence to compare the last two versions of Molière's Tartuffe. In the...
Persistent link: https://www.econbiz.de/10010636229
experiment, while coordination failures emerge in the following periods sweeping away the beneficial effect of communication at …
Persistent link: https://www.econbiz.de/10013375345
This paper examines whether and how communication can help groups solve coordination and free-rider problems when they … where we remove coordination and free-riding incentives by having group members reach a unanimous group decision on how much …
Persistent link: https://www.econbiz.de/10008528456
We study manager-employee interactions in experiments set in a corporate environment where payoffs depend on employees … managerial intervention subjects invariably slip into coordination failure. To overcome a history of coordination failure …
Persistent link: https://www.econbiz.de/10005168429