Bracht, Juergen; Feltovich, Nick - Centre for Market and Public Organisation (CMPO), … - 2006
escrow amounts decline. We find only weak evidence for “crowding-out”, which predicts that given a low or zero amount placed … “crowding-out”, which predicts that given a low or zero amount placed into escrow in non-baseline
treatments, investment and … when they are voluntary.
Keywords: experiment, trust game, incentives, signal, crowding out
JEL Classification: C …