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This paper introduces an agency relationship into a dynamic game with informational externalities. Two principals bargain with their respective agents about the production cost which is the private information of the agents and is correlated between them. We find that the agency relationship...
Persistent link: https://www.econbiz.de/10008861885
We analyze two well-known matching mechanisms-the Gale-Shapley, and the Top Trading Cycles (TTC) mechanisms-in the experimental lab in three different informational settings, and study the role of information in individual decision making. Our results suggest that-in line with the theory-in the...
Persistent link: https://www.econbiz.de/10010332350
Three well‐known matching mechanisms designed to solve the college admissions problems are analyzed in the experimental laboratory in different informational settings. We observe that when the level of information is significantly increased, the proportion of schools and teachers that submit...
Persistent link: https://www.econbiz.de/10014178135
We analyze two well-known matching mechanisms - the Gale-Shapley, and the Top Trading Cycles (TTC) mechanisms - in the experimental lab in three different informational settings, and study the role of information in individual decision making. Our results suggest that - in line with the theory -...
Persistent link: https://www.econbiz.de/10014220116
Persistent link: https://www.econbiz.de/10009379485
Persistent link: https://www.econbiz.de/10003774591
We analyze two well-known matching mechanisms—the Gale-Shapley, and the Top Trading Cycles (TTC) mechanisms—in the experimental lab in three different informational settings, and study the role of information in individual decision making. Our results suggest that—in line with the...
Persistent link: https://www.econbiz.de/10003644959