This paper sheds light on the impact that environmental, social and governance (ESG) corporate practice disclosure has on equity financing. We present a unique framed field experiment in which professional private equity investors competed in closed auctions to acquire fictive firms. We hence...

In many cases individuals benefit differently from the provision of a public good. We study in a laboratory experiment how heterogeneity in returns and uncertainty about the own return affects unconditional and conditional contribution behavior in a linear public goods game. The elicitation of...

Tournaments require a large gap in prizes in order to induce incentives. The resulting unequal distribution suggests that monetary payoffs are not the only motive that determines agents’ decisions. In our experiment we test theoretical predictions about the role of envy and loss aversion in...

[fre] Comme Saint-Paul [2001] montre que des travailleurs avec des niveaux de productivité proches ont tendance à se retrouver dans les mêmes firmes, on peut s'interroger sur le pouvoir sélectif des mécanismes de rémunération. Le modèle théorique de Lazear [2000] met en avant...