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This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual …
Persistent link: https://www.econbiz.de/10013088340
We investigate empirically how sellers react to changes in the population of their consumers, identifying the effects of demand composition and demand size with limited information on costs. We show how pharmacists in Italy selectively increase the price of some products when they observe in...
Persistent link: https://www.econbiz.de/10013046241
Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in … environments where signals about others' actions are noisy. However, empirically the exact role of communication is not well … understood. We study cooperation under different monitoring and communication structures in the laboratory. Under all monitoring …
Persistent link: https://www.econbiz.de/10012908872
We investigate the influence of two widespread compensation schemes, individual piece-rates and team incentives, on participants' inclination to lie, by adapting the experimental setup of Fischbacher and Heusi (2008). Lying turns out to be more pronounced under team incentives than under...
Persistent link: https://www.econbiz.de/10013120402
We study how upward communication – from workers to managers – about individual efforts affects the effectiveness of …-assessments can be detrimental to workers' performance. In the controlled environment of a laboratory gift-exchange experiment, our …
Persistent link: https://www.econbiz.de/10013029635
In a Cournot-oligopoly with free but costly entry and business stealing, output per firm is too low and the number of competitors excessive, assuming labor productivity to depend on the number of employees only or to be constant. However, a firm can raise the productivity of its workforce by...
Persistent link: https://www.econbiz.de/10012868832
In many environments, tournaments can elicit more effort from workers, except perhapswhen workers can sabotage each other. Because it is hard to separate effort, ability andoutput in many real workplace settings, the empirical evidence on the incentive effect oftournaments is thin...
Persistent link: https://www.econbiz.de/10005862319
We introduce "group cohesion" to study the economic relevance of social relationships in team production. We operationalize measurement of group cohesion, adapting the "oneness scale" from psychology. A series of experiments, including a pre-registered replication, reveals strong positive...
Persistent link: https://www.econbiz.de/10014078006
aggression. In this lab experiment, we find that adopting an objective attitude (Objective), through a form of emotion regulation …
Persistent link: https://www.econbiz.de/10012964994
experiment that regularly produces valuation bubble and crash events. Global sessions involved real time trades between subjects …
Persistent link: https://www.econbiz.de/10012947730