Rietz, Thomas A.; Sheremeta, Roman M.; Shields, Timothy W. - In: Journal of Economic Behavior & Organization 94 (2013) C, pp. 257-267
We design an experiment to examine behavior and welfare in a multi-level trust game representing a pass through investment in an intermediated market. In a repeated game, an investor invests via an intermediary who lends to a borrower. A pre-experiment one-shot version of the game serves as a...