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We study theoretically and empirically how monetary incentives and information about others' behavior affects … decrease when stakes are very high. On average, information about others slightly increases the fraction of liars but has no … effect on the size of the lie. Distinguishing subjects by their belief on others' behavior, we find that information …
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We examine the implementation of efficient decisions about accepting a special order with asymmetric information by … product. Each division manager has private information about the divisional parameters (production costs and profit margin … they indicate the true information in the accounting stage. If they choose to report untruthfully then they suffer a loss …
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Rank-order tournaments are usually modeled simultaneously. However, real tournaments are often sequentially. We show that agents' strategic behavior significantly differs in sequential tournaments compared to simultaneous tournaments. In a sequential tournament, under certain conditions the...
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