absence of a common shock, using optimal independent contracts dominates using the optimal tournament. Conversely, if the … distribution of the common shock is sufficiently diffuse, using the optimal tournament dominates using optimal independent … but uses the optimal tournament, does as well as one who can observe the shock and uses independent contracts …

We use an experiment to test whether consumers optimally acquire information on energy costs in appliance markets where …

rolled out with a long-run experiment, which allows us to measure its short-run and long-run effects. We find that, although …

they are insufficiently skeptical about non-disclosed information in the absence of repeated feedback …

exploration and lower individual and group payoffs. We test our predictions in an online lab experiment and show that the …

success in the tournament. Finally, we find that cheating/fudging on the experiment responds to the level of inequality and …This paper examines performance in a tournament setting with different levels of inequality in rewards and different … provision of information about individual's skill at the task prior to the tournament. We find that that total tournament output …

, focusing on a tournament environment. The tournament is based on GRE math questions commonly used in graduate school admission …

test of the theory implements a laboratory experiment, where important features of the theory can be exogenously imposed …. We complement our lab experiment with a field experiment, where we rely on biological models complemented by economic …