Showing 1 - 10 of 21
In an ongoing organization, such as a large law partnership firm, employees are motivated not only by current rewards but also by the prospect of promotion, and the opportunity to make the rules in the future. This leads to a recursive contract design problem in an overlapping generations...
Persistent link: https://www.econbiz.de/10014589086
We compare efficiency and susceptibility to collusion of two alternative ways to sell multiple objects in independent private values environments: simultaneous and sequential ascending auctions. Both auctions are common in the real world. With explicit communication among bidders, collusion was...
Persistent link: https://www.econbiz.de/10005500013
Persistent link: https://www.econbiz.de/10011193745
We consider payment schemes in experiments that model infinite-horizon games by using random termination. We compare paying subjects cumulatively for all periods of the game; with paying subjects for the last period only; with paying for one of the periods, chosen randomly. Theoretically,...
Persistent link: https://www.econbiz.de/10010866246
In an ongoing organization, such as a large law partnership firm, employees are motivated not only by current rewards but also by the prospect of promotion, and the opportunity to make the rules in the future. This leads to a recursive contract design problem in an overlapping generations...
Persistent link: https://www.econbiz.de/10005579542
The study investigates collusion-nonfacilitating features of one-sided auctions. We report the results of oral nondescending bid auction experiments in which the strict bid improvement rule was absent, and compare them with the results of sealed bid auction experiments. In the sealed bid...
Persistent link: https://www.econbiz.de/10005711708
The paper combines the optimal gerrymandering approach in political science with the “fair cake division” results in mathematics and economics to consider optimal partisan gerrymandering schemes on a given territory. We analyze existence and properties of an optimal districting map for a...
Persistent link: https://www.econbiz.de/10005705654
Persistent link: https://www.econbiz.de/10005135522
Persistent link: https://www.econbiz.de/10005145741
Persistent link: https://www.econbiz.de/10005145829